Your Take: How the Racial Wealth Gap Hurts Children of Color

Black households with children own just 4 percent of the wealth of whites. This widening divide has a profound impact on opportunities for kids -- and America's future, says the director of the Insight Center for Community Economic Development.

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Rather than a color-blind future in which children walk hand in hand, as Dr. Martin Luther King Jr. dreamed half a century ago, our society could be color-coded as our children remain separated, this time by the opportunities shaped by wealth. Using policy tools to close the racial wealth gap -- government-supported, progressively structured child savings accounts and universal high-quality early education are two examples -- will allow all of our children to join in a national effort to restore American prosperity and ensure our global competitiveness. We don't have any time to waste in getting started.

Meizhu Lui is director of the Closing the Racial Wealth Gap Initiative at the Insight Center for Community Economic Development. The Insight Center is sponsoring the 2011 Color of Wealth Policy Summit in Washington, D.C., on April 7.

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