From business owners to workers, consumers to producers, and spenders to savers, Black participation is robust in all segments of the US economy. But despite the striving of generations, Black Americans remain systematically limited by racial inequities in the economy, write senior partner Shelley Stewart and coauthors. External threats, including climate change and generative AI, could exacerbate preexisting economic inequities—or, with concerted effort, they could create opportunities to address racial gaps. On this day honoring Martin Luther King Jr.’s impact and legacy, explore these insights on what can be done to protect Black livelihood, well-being, and socioeconomic mobility, and visit the McKinsey Institute for Black Economic Mobility for the latest research on how to empower, inspire, and sustain action that leads to the economic development of Black communities across the globe.
Impacts of climate change on Black populations in the United States
The impact of generative AI on Black communities
Examining philanthropic funding for racial equity across the United States
A community Dr. King would be proud to call home: Revitalizing Atlanta’s westside
The state of Black consumers: An opportunity for growth and equity