By 2050, our country stands to realize an $8 trillion gain in GDP by closing the U.S. racial equity gap. “Closing the gap” means lessening, and ultimately eliminating, disparities and opportunity differentials that impede the human potential and the economic contributions of people of color. This report makes a compelling economic argument for the social justice imperative of racial equity. Beyond an increase in economic output, advancing racial equity can translate into meaningful increases in consumer spending and federal, state, and local tax revenues, and decreases in social services spending and health-related costs.
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