The Kirwan Institute for the Study of Race and Ethnicity has just released The Color of Wealth in Miami, a report highlighting the city’s major racial and ethnic disparities in economic opportunity. This report is a joint publication on behalf of the Kirwan Institute, the Samuel DuBois Cook Center on Social Equity at Duke University and the Insight Center for Community Economic Development.
Featuring detailed wealth breakdowns for U.S. born blacks, Caribbean blacks, Puerto Ricans, Cubans, other Latinx groups and Whites in and around The Miami Statistical Area, The Color of Wealth in Miamioffers a focused analysis on the dramatic and persistent income and wealth inequalities in our country.
In applying this disparity to real-world implications, Darrick Hamilton, co-author and Executive Director for the Kirwan Institute noted, “As we confront the sobering prospect of climate disaster in Miami, the lessons from Katrina, Harvey, and Maria are clear; ‘natural disasters’ are not ‘naturally’ distributed. This report demonstrates Miami’s dramatic wealth inequality across race and ethnicity and the asset insecurity that coincides.”