The Challenge
Amplify addresses the racial wealth gap by building pathways to entrepreneurship, self-determination and high growth professional careers.
Amplify addresses the racial wealth gap by building pathways to entrepreneurship, self-determination and high growth professional careers.
“Racial wealth inequality continues to rise with African American households projected to own 99x times less wealth than their White counterparts by 2024.”
-The Road to Zero Wealth
“Median African American household wealth is on a path to hit zero by 2053.”
Note: before 1st Amplify cohort reaches retirement
-The Road to Zero Wealth
“Chicago ranks 50th out of the 50 largest cities in America in terms of racial disparities and upward mobility between black and white men.”
-The Road to Zero Wealth
“The United States loses more than $78 billion in annual GDP by excluding people who have a criminal record from economic opportunity.”
- Chase/Crain's Business
“Illinois spends more than $1.5 billion per year in taxpayers' dollars for individuals that return to prison after being released”
-lllinois Justice Project
“The median Latino household wealth is projected to hit zero in 2073. In sharp contrast, the median White household wealth would climb to $137,000 by 2053”.
- The Road to Zero Wealth
“It would take the median Latino household 2,055 years just to catch up to the current wealth median White households own today”.
-prosperitynow.org