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Building Wealth for Everyone

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BUILDING WEALTH 
FOR EVERYONE

Kelly McGowan
Arizona Community Action Association

Poverty in Arizona

14.9%

1,068,576

of Arizonans 
live in poverty

that's

people

33%

of single parents

24%

of children

9%

of seniors

live in poverty.

Poverty in Arizona

38.9%

of working families live on less than 200% of the federal poverty level (FPL)

7.6%

of Arizonans live in 
extreme poverty 
(income of less than $2 per day)

What does poverty look like?

Poverty

Deep Poverty

Extreme Poverty

$24,600 / year

$12,300 / year

$2,516 / year

for a family of four ....

$2,050 / month

$1,025 / month

$209 / month

Deep Poverty

Who is poor in Arizona?

Working-Aged
Men

Working-Aged Women

16.9%

14.2%

Who is poor in Arizona?

Is poverty a choice?

Is poverty a choice?

To answer this question,
we have to talk about:

income
inequality

wealth inequality

Income Inequality

  • top 1% average annual income: $784,469

  • poorest 25% average annual income: $23,640

Arizona

United States

  • top 1% average annual income: $1.15 million

  • top 10% average annual income: $295,845

  • poorest 90% average annual income: $34,481

Low-Wage Workforce

  • 35% of workers earn less than 200% FPL

  • 46.0% of jobs pay less than $15/hour

In Arizona

In the United States

  • 10,600,000 families make less than 200% FPL

  • 58.3% of jobs pay less than $15/hour

... do not earn a $15/hour wage in Arizona. 

60.5% of 
latinx workers...

49.8% of 
black workers...

and 37.8% of 
asian-american workers...

38.3% of 
white workers...

Gender Wage Disparities

In Arizona

In the United States

median annual income for women: $37,966

median annual income for men: $46,386

30% of women earn less than 200% FPL, but
35.8% of black women earn less than 200% FPL, and
46.6% of latina or hispanic women earn less than 200% FPL.

women earn an average of  $0.80 for every $1 earned by a white man, but

black women earn just $0.63, and

native american women earn only $0.57, while

latina or hispanic women earn a mere $0.54.




Wealth Inequality in the US

the top 1% of earners share 40% of the nation's wealth

from 1983 - 2013, members of Forbes "Fortune 400" list saw a net worth increase of 736%

since 1986, white wealth has grown 84%

since 1963, the poorest 10% of families in the US have seen a net worth decrease from an average of $0 to an average of -$1000

1 in 5 households has no assets or is in debt


Wealth Inequality in the US

percentage of private wealth owned by income category

it will take

for latinx family wealth
to match 2016 white family wealth

84 years

it will take

for black family wealth
to match 2016 white family wealth

228 years

Narratives are the stories we hear and retell about the way the world works.

They help us navigate culture, social systems, and questions of meaning. 

what can we do?

Justice and Equity

economic justice

a set of principles for building economic institutions, the ultimate goal of which is to create an opportunity for each person to create a sufficient material foundation upon which to have a dignified, productive, and creative life beyond economics. 

economic equity

distribution of assets, resources, and tax liability that is fair and just.

Building Economic Equity

ACAA is dedicated to developing policy and programs that address the systemic causes of poverty and increase access to economic opportunity
for all Arizonans

Living Wages

Employment
Practices

End Economic
Exploitation

Wealth Building

thank you.

[email protected]
www.azcaa.org
www.raisearizona.org