Reduce extreme economic inequality
The top 1% owns nearly half of the total wealth in the U.S, while one in five children live in poverty. The consequences for health and well-being are immeasurable. We can correct the broad inequality of wealth and income through a variety of innovative means related to wages and tax benefits associated with capital gains, retirement accounts, and home ownership. Greater lifelong access to education will also provide broader economic opportunities.
Elliott, W., III, Henly, J. R., Lambert, S. J., Lein, L., Romich, J. L., Shanks, T. R., & Sherraden, M. (2016, September). Policy recommendations for meeting the Grand Challenge to Reduce Extreme Economic Inequality (Grand Challenges for Social Work Initiative Policy Brief No. 10). Cleveland, OH: American Academy of Social Work & Social Welfare.
Policy Action Statements:
“Build financial capability and assets for all and Reduce extreme economic inequality.” Actions target universal and progressive Child Development Accounts as a policy vehicle for lifelong asset building.