Closing the Wealth Gap: A Stakeholder Approach to Economic Mobility

The Closing the Wealth Gap Stakeholder Report examines the deep-rooted barriers that continue to prevent economic mobility for historically marginalized communities. It explores how discriminatory lending, wage disparities, and limited access to capital have widened the racial wealth gap,  and offers a framework for policymakers, advocates, and community leaders to drive meaningful change.

At the heart of this effort is the Opportunity Dashboard, a tool designed to help local governments and organizations track the progress of wealth-building initiatives. The report also emphasizes the power of community-led solutions, reinforcing that lasting change must come from those most affected by economic injustice.

Among its key takeaways:

• Economic mobility is still out of reach for many. Historical disinvestment and structural discrimination continue to limit access to financial stability.
• Policy change is essential. Laws that promote fair lending, inclusive hiring, and financial literacy can help close the wealth gap.
• Community leadership matters. Solutions must be shaped by the people most impacted, with strong partnerships across sectors.

The report makes a case for expanding access to capital, strengthening financial education, investing in cooperative business models, and using data-driven strategies to measure progress. These approaches aim to lift individuals, and look towards building generational wealth and economic security.