‘State of Black Chicago’ Report Outlines Path to Wealth Building in Black Communities
The Chicago Urban League (Chicago, IL) is sounding the alarm on the widening racial wealth gap in its new report, “The State of Black Chicago.”
It draws from research from the New School’s Institute on Race, Power and Political Economy, which found that in 2024 the median net worth for Black Chicago-area households was zero dollars — compared to $210,000 for White households.
The Urban League is now calling for a plan of action to help Black communities build wealth. The report recommends additional grants and funding opportunities for small businesses, workforce development and training programs, homeownership assistance, and expanded health access, among other things.
