This Explainer explores how the Gross Domestic Product (GDP) is used in measuring our economic growth and whether alternative measures are also needed to provide a more comprehensive outlook of economic progress.
Both economic and racial justice are core progressive priorities, but too often we discuss them separately. On the contrary, racial and economic harms are intertwined, as are our desired solutions to them. Wealthy elites exploit racial fears to turn working people against each other and government; economic pain increases racial resentment and facilitates scapegoating, fueling support for punitive measures against people of color.
Give states additional Child Care and Development Block Grant funding to double the number of children served by child care assistance, make the federal Child and Dependent Care Tax Credit refundable, and expand Head Start and Early Head Start.
Home ownership is commonly understood as the quintessential marker of having arrived in the middle class: a family’s home is often the single largest asset that they own and has traditionally served as an important vehicle for wealth accumulation and economic security.
This report was completed in collaboration with the Advancement Project, Asian & Pacific Islander American Health Forum, Demos, Faith in Action, National Association for the Advancement of Colored People, National Congress of American Indians, National Urban League, Race Forward, and UnidosUS. These groups are a collaborative of leading national racial-equity organizations supported by the W.K. Kellogg Foundation.
Now is the time for citizens, workers, employers, and policymakers to come together once again to rebuild pathways to the middle class, create good jobs with fair pay and decent benefits, and ensure that prosperity is broadly shared for the next generation.