Kids' Futures Accounts Put Racial Wealth Equity in Reach

Graphic showing authors' calculation of the effect of tiered Kids' Futures Accounts on racial wealth equity using 2014 SIPP Panel Wave 4 Data. Before Kids' Futures Accounts, Black families with children have only 8 cents for every dollar that comparable white families have, but after Kids' Futures Accounts they have 71 cents for every dollar. Before Kids' Futures Accounts, Latinx families with children have only 17 cents for every dollar that comparable white families have, but after Kids' Futures Accounts they have 84 cents for every dollar.