State of the Dream Reports

State of the Dream 2015: Underbanked and Overcharged? 

Unbanked and Overcharged
 This report finds that over one in five households (mostly Black, Latino, or Native American) are underserved by the banking industry, costing these households an average of $3,029 per year in fees and interest just to access their own money. This "wage theft" takes a total of $103 billion per year out of the communities that need it most. This report makes several recommendations that could expand access to accessible, affordable banking services, including expanding the role of the US Postal Service. By expanding postal banking services in 31,000 locations across the nation, we can increase access to important wealth-building tools in those communities that are currently underserved.

Download the report (PDF)  |  Executive Summary  |  Key Findings  | Infographics & More

State of the Dream 2014: Healthcare for Whom? 

Healthcare for Whom? explores the racial economic implications of one of the most important human rights issues and public policy debates of the day: healthcare. The report looks at both disparate health outcomes–driven largely by racial segregation and concentrated poverty–and the current state-by-state fights over implementing the Affordable Care Act.

For the first time, this MLK Day report includes an "organizers toolbox" with a series of interactive workshops organizers can use at local worker centers, union halls, church groups, and community groups to examine the causes and consequences of the racial wealth divide and move people to action.

Download the report (PDF)  |  Executive Summary  |  Key Findings  | Infographics & More

State of the Dream 2013: A Long Way From Home

UFE's tenth annual Martin Luther King, Jr. Day report shows that the racial wealth divide remains and tells the story of how the Great Recession took a greater economic toll on Black and Latino families than on White families.

Housing continues to be a driving force in the of wealth in communities of color. This report examines the link between housing and asset-building policies and the impacts of those policies on persistent racial inequities.

Download the report (PDF)  |  Executive Summary  |  Media Coverage


The Racial Wealth Divide—Why Housing Matters

State of the Dream 2012: The Emerging Majority

In 2042, thirty years from now, people of color will collectively represent the majority of the U.S. population. If we continue along the governing path of the last thirty years, the economic divide between races will remain and, in many regards, will be considerably worse.

The Emerging Majority measures the impacts of the past thirty years of public policy on the racial divide, examining a host of social and economic indicators, including income, wealth, poverty, health care, homeownership, education and incarceration.

The report then offers thirty-year projections based on data trends since the Reagan presidency. Its findings should prompt people of all races to unite in action for a more just and racially equitable future.

Download the report (PDF)  |  Executive Summary  Media coverage

State of the Dream 2011: Austerity for Whom?

State of the Dream 2011 report coverState of the Dream 2011: Austerity for Whom? surveys the impacts of a tax-cutting, government-shrinking economic agenda – as prescribed by Republican leadership with Tea Party allies – on communities of color. We find that if such an agenda advances, Dr. King's dream of racial equality will be pushed even further out of reach.

This report includes data on public sector employment, income, wealth and reliance on social programs, as well as compelling evidence that public investments strengthen the economy more than tax cuts for the wealthy.

State of the Dream 2010: Drained

State of the Dream 2010 report coverState of the Dream 2010: Drained – Jobless and Foreclosed in Communities of Color explores the current racial economic divide in the U.S. in terms of unemployment, income, poverty, net worth, and rate of foreclosures.

Drained highlights the shortcomings of colorblind policies and the urgent need for targeted strategies geared toward lifting up the communities in most need.

Key Facts & Policy Recommendations

Read the report in English (PDF)  |  Read the report in Spanish (PDF)

State of the Dream 2009: The Silent Depression

State of the Dream 2009 Report CoverIn our 2009 report for Martin Luther King, Jr. Day, we found that people of color are experiencing a silent economic depression – one that has gone unacknowledged and unaddressed. While the general population has been in recession for one year, people of color have been in recession for five years. By definition, a long-term recession is a depression.

We also explore the racial divide that cuts through social and economic indicators, including poverty, wealth and assets, and economic mobility. While racial barriers did not prevent an African-American from becoming President, they continue to prevent the average person of color from achieving the same economic success as the average white American.

State of the Dream 2009 charts

Read the report in English (PDF)  |  Read the report in Spanish (PDF)

Watch a video of co-author, Dedrick Muhammad, as he discusses The Silent Depression on Democracy Now!

State of the Dream 2008: Foreclosed

State of the DreamThis 2008 report examines the racial bias of the subprime mortgage lending crisis, and the devastating wealth loss to people of color that has resulted.

We estimate the total loss of wealth for people of color to be between $164 billion and $213 billion for subprime loans taken during the past eight years.

Just as many policies in the past and today have supported asset development for the wealthy. Today, we need policies to support those injured by the subprime crisis, and must recognize that broad racial and economic inequalities need to be addressed for the success of any policy solutionsto the subprime crisis.

State of the Dream 2008 charts

Read the report in English (PDF)  |  Read the report in Spanish (PDF)

Watch a video of co-author, Amaad Rivera, as he discusses Foreclosed on C-SPAN's Washington Journal.

Read reports from earlier years:

State of the Dream 2007: Voting Blue...Staying in the Red (PDF 744KB) 

State of the Dream 2006: Stalling the Dream: Cars, Race & Hurricane Evacuation (PDF 1.9MB)

State of the Dream 2005: Disowned in the Ownership Society (PDF 158KB)

State of the Dream 2004: Enduring Disparities in Black and White (PDF 111KB)