A number of interlocking factors contribute to the lower socioeconomic standing of Black Americans, but investors have a unique opportunity to lift up Black communities, write Shelley Stewart, Ammanuel Zegeye, and co-authors in a recent report. Low-income Black communities throughout the country are affected by poor-quality public infrastructure. Twenty percent of Black households are extremely low-income renters in need of affordable housing, compared with 6 percent of White households. And about 40 percent of Black American households—as opposed to 28 percent of White American households—don’t have high-speed, fixed broadband. In a four-part series, we dive into the critical gaps Black Americans face in their roles as entrepreneurs, workers, consumers, and residents. In this fourth and final collection, we look at how leaders can advance equity in Black communities. As #BlackHistoryMonth comes to a close, revisit this page for more insights from the McKinsey Institute for Black Economic Mobility.
Closing the digital divide in Black America
A guide to impact investing in Black economic mobility
The case for accelerating financial inclusion in black communities