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ABOUT
UNITED FOR EQUITY

MISSION

MISSION STATEMENT

Political and economic divisions have profound impacts on the economic security of communities that have been undervalued as a result of systemic bias in our policies, our businesses, and the systems and technologies that exist today. United for Equity focuses on economic injustice and inequality, which are both morally wrong and economically inefficient.  

VISION

VISION

We are building a platform and partner network with actionable solutions that aligned organizations, media, and participants can rally around.  

 

  1. A committed coalition focused on tangible efforts to end bias and disparity in our economic systems; 

  2. Curate and showcase content and resources designed to reach communities that have been left out in a unified and empathetic manner; and 

  3. Address digital redlines caused by incomplete datasets as our platform engages multiple audiences, test results, scale outcomes where impact is real, and begin to reshape biased algorithmic systems that have contributed to economic inequality.

KEY FACTS ABOUT INEQUITY

10 KEY FACTS ON POVERTY & ECONOMIC INEQUALITY 

  • 37.9 million people (11.9% of the population) live in poverty

 

  • Between 2012 and 2021, 282 counties in the United States had an increase in poverty rates for people ages 65 and older

 

  • Non-Hispanic White householders had a median household wealth of $187,300, compared with $14,100 for Black householders and $31,700 for Hispanic householders

  • Among households with income between $30,000 and $50,000, 8.0% of Black households and 8.4% of Hispanic households were unbanked, compared with 1.7 percent of White households

 

  • 13% of American households have bank accounts but made use of alternative financial service and are are considered "underbanked" because the banking services they accessed appear to have been insufficient to meet their financial service needs

 

  • Families headed by women have just 55 cents in median wealth for every dollar of wealth owned by families headed by men. Gender wealth gaps are even starker and vary more when viewed by race/ethnicity and marital status.

 

  • The rural/nonmetro poverty rate was 15.4% in 2019, compared with 11.9% for metro areas.  Nonmetro Blacks/African Americans had the highest incidence of poverty in 2019 (30.7%), while nonmetro American Indians/Alaska Natives had the second highest rate (29.6%). The poverty rate for nonmetro Whites in 2019 was less than half as much (13.3%) of both of those other groups. Nonmetro Hispanics had the third highest poverty rate of any individual race or ethnicity—21.7%.

 

  • White Americans hold 84% of total U.S. wealth but make up only 60% of the population—while Black Americans hold just 4% of the wealth and make up 13% of the population. 

 

  • Americans who identify solely as Black or African American make up 13.4% of the U.S. population today, but less than 1% of all FDIC-insured banks are considered Black-owned.

 

  • Black Americans report having the lowest overall credit scores. More than half (54%) of Black Americans report having poor or fair credit (a credit score below 640) or no credit at all, while 41% of Hispanic Americans, 37% of White Americans and 18% of Asian Americans fall into this category. 

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