Strategies: Racial Wealth Building

Support acquisition of job-specific skills through education, certification programs, or on-the-job training, often with personal development resources and other supports

Provide career and technical education (CTE) as an integrated part of an academic curriculum for students, especially those at risk of dropping out of high school; also called vocational training

Provide occupation-specific training for low-skilled individuals in high-growth industries, with education and supports, usually with stackable credentials and work experience opportunities

Provide financial assistance to working parents, or parents attending school, to pay for child care

Build assets through child development accounts (CDAs) with contributions from a sponsoring organization, such as government agencies or nonprofits, and family, friends; also called children’s savings accounts (CSAs)

Help high school students prepare for college, complete applications, and enroll, especially first-generation applicants and students from families with low incomes

Support financial institutions providing services to underserved and disadvantaged communities

Purchase the land a home is on to lease to homeowners with low and middle incomes and require homeowners to sell the home back to the trust or to another resident with low income upon moving

Provide education on basic budgeting, bank use, credit management, bankruptcy, credit building and counseling, homeownership, retirement, divorce, etc.

Provide outreach and support to assist those whose employers do not offer affordable coverage, who are self-employed, or who are unemployed