Racial Wealth Gap: News Conference Tues., April 29

The Racial Wealth Gap—Overlooked in the Income Inequality Debate—to

Take Center Stage on Capitol Hill


Summit, New Research, and Policy Recommendations for  

‘Shared Prosperity for All: The Policy Imperative for Closing the Racial Wealth Gap’



Adam Shapiro, Adam.Shapiro@adampr.tv, 202-427-3603


WASHINGTON, D.C., April 17, 2014—An unprecedented gathering of national experts and leaders soon will examine the racial wealth gap that plays a major, but often ignored, role in the current debate about rising U.S. inequality. For every dollar in wealth held by the typical white family in 2009, the typical Hispanic and black families only own six and five cents respectively. If left unchecked, this gap will have profound implications for the U.S. economy as the nation’s demographics shift over the next few decades.


The summit will include the release of a new report highlighting research and policy recommendations from the Closing the Racial Wealth Gap Initiative.


WHO:            Sen. Ben Cardin

Rep. Barbara Lee

Rep. Marcia Fudge

Rep. Elijah Cummings

Rep. Gwen Moore

Bill Bynum, CEO of HOPE (Hope Enterprise Corporation/Hope Credit Union)

Experts of Color Network


WHAT:          – News conference for release of a report with the latest data on wealth inequality

– 2014 Color of Wealth Summit


WHERE:       Press conference: The House Triangle (Capitol’s East Front)


U.S. Capitol Visitors Center

Visitors Auditorium

First St., S.E.

Washington, D.C.


WHEN:          Press conference: April 29, 10:00 a.m.

Summit: May 1, 8:45 a.m.-4:30 p.m.

Full agenda is available at http://globalpolicysolutions.org/colorofwealthsummit/

                        Note: The CVC requires media to be credentialed. Details about the process are available at this link: http://periodical.house.gov/accreditation.shtml