Report: Closing The Racial Inequality Gaps

Posted by Citi GPS: Global Perspectives & Solutions on October 20, 2020

“Racial equity means just and fair inclusion in an economy in which all can participate, prosper, and reach their full potential. We will know we have achieved racial equity when race no longer predicts life outcomes.” – Federal Reserve Bank of San Francisco.

A new study released by Citigroup (Citi GPS: Global Perspectives & Solution), finds that – over a 20 year span – the U.S. economy has lost an estimated $16 Trillion due to pervasive discriminatory practices and systemic racism. In this study, “Closing The Racial Inequality Gaps,” Citi reports that if we close inequality and racial gaps today, “the equivalent add to the U.S. economy over the next five years could be $5 trillion of additional GDP.”

The Citi report, (1) identifies the underlying causes of the racial and economic gaps exacerbated by the COVID-19 pandemic; (2) discusses the value of closing gaps; and (3) outlines how governments, corporations, and individuals can work together to eliminate gaps for good. Click below to share with your social network, and hit the button to read the full report.

Read the full report: Closing The Racial Inequality Gaps

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