Eliminate Racism, Reduce Extreme Economic Inequality, and Build Financial Capabilities and Assets for All; Universal Child Development Accounts to Develop All Children and Reduce Racial Wealth Inequality

Wealth inequality is a widely acknowledged barrier to racial equity. It contributes to disparities in opportunity, education, physical health, and mental health. Beginning with the premise that nationwide asset-based policies represent a pathway to addressing racial wealth inequality, this brief centers on Child Development Account policy, summarizing research—including findings from the SEED for Oklahoma Kids experiment—and offering recommendations for reducing the racial wealth gap.

This brief is one of a series published by the Grand Challenges for Social Work initiative to inform policy. The full collection is accessible here.

Project: Financial Capability & Asset Building (FCAB) | SEED for Oklahoma Kids (SEED OK)