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William Elliott in MarketWatch on the Importance of Assets in Addressing Wealth Inequality

July 12, 2021

Professor William Elliott III spoke with MarketWatch about the role children's savings accounts can play in countering racial wealth inequality. "Education in itself will never reduce wealth inequality in America, it can be a part of it and it's really important, but if we're talking about inequality, you've got to have wealth and start off with assets," he said. "But unless the government, philanthropists and others provide a significant amount of money, the accounts won't narrow the gulf in wealth between Black and white and rich and poor households."

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