MONEY CAN’T BUY YOU LOVE:

BUT CAN IT BUY YOU HEALTH?

The Health-Wealth Connection SymposiumHector J. Preciado

The Greenlining InstituteJune 23, 2010

WEALTH is the accumulation of resources orASSETS minus accrued debt.

Since 1984, the racial wealth gap has INCREASED MORE THAN 4 TIMES from

$20,000 to $95,000.

By 2007, the dol lar amount of the gap could PAY FULL TUITION AT A FOUR-YEAR PUBLIC UNIVERSITY FOR TWO CHILDREN, PLUS

TUITION AT A PUBLIC MEDICAL SCHOOL.

Shapiro, Meschede, & Sullivan. (2010). The racial wealth gap increases fourfold. Institute on Assets and Social Policy.

ACCUMULATED WEALTH FOR HOUSEHOLDS BY 2007

$0

$20,000

$40,000

$60,000

$80,000

HIGH-INCOME AFRICAN AMERICAN HOUSEHOLDMIDDLE-INCOME WHITE HOUSEHOLD

Shapiro, Meschede, & Sullivan. (2010). The racial wealth gap increases fourfold. Institute on Assets and Social Policy.

In Alameda County, ever y ADDITIONAL $12,500 IN HOUSEHOLD INCOME, buys ONE

YEAR LIFE EXPECTANCY.

Iton, Witt, et al. (2008). Life and death from unnatural causes health and social inequity in Alameda County. Alameda County Public Health Dept.

The adult chi ldren of father s who ever lost a job have earnings 9 PERCENT LOWER than similar

chi ldren whose father did not exper ience unemployment.

Dillahunt, Miller, Prokosch, et al. (2010). State of the dream 2010: Drained.. United for a Fair Economy.

0% 20% 40%60%

80%

2007

NON-HISPANIC WHITEAFRICAN AMERICANHISPANIC OR LATINOASIAN OR NATIVE HAWAIIN/PACIFIC ISLANDERAMERICAN INDIAN OR ALASKAN NATIVE

HOMEOWNERSHIP RATES BY RACE

U.S. Census Bureau, 2007.

On average , col lege-educated women LIVE 5.1 YEARS LONGER than women without a high

school diploma, whi le col lege-educated men LIVE 6.8 YEARS LONGER than men without high

school diplomas.

A key predictor of academic achievement for a student is their FAMILY SOCIO-ECONOMIC

LEVEL.

National Minority Consortium. (2008) Unnatural causes. California Newsreel.

A TALE OF TWO COUNTIES

0

30000

60000

90000

120000

$51,502

$110,253

MEDIAN FAMILY INCOME FOR 2008

FRESNO COUNTY MARIN COUNTY

U.S. Census Bureau, 2006-2008 American community survey 3-year estimates, 2008.

Out of 56 counties in Cal i fornia, Mar in CountyRANKS 1st IN HEALTH OUTCOMES,

whi le Fresno County RANKS 41st.

Fresno County RANKS 41st IN MORBIDITY,whi le Mar in County RANKS 3rd.

County Health Rankings, 2010.

0%

20%

40%

60%

80%

100%

HIGH SCHOOL GRADUATION

COLLEGE DEGREES

UNEMPLOYMENT

CHILDREN IN POVERTY

FRESNO COUNTY MARIN COUNTY

SOCIAL & ECONOMIC FACTORS

County Health Rankings, 2010.

COMMUNITY NEEDS TO BUILD WEALTH

EARLY CHILDHOOD

ADOLESCENCE

YOUNG ADULT

ADULTHOOD

MIDDLE AGE

RETIREMENT AGE

DISTRIBUTION OF NONPROFIT EXECUTIVEDIRECTOR OR CEO POSITIONS IN CALIFORNIA

75%

25%

OTHER PEOPLE OF COLOR

UC SYSTEM ENROLLMENT

0%

22.5%

45%

67.5%

90%

AFRICAN-AMERICAN LATINOS OTHER

PPIC projects that by 2025, 41 PERCENTof jobs wil l require at least a bachelor’s

degree , but only 35 PERCENT of cal i forniaadults wil l have col lege diplomas.

To put it another way, i f current trends per sist ,the state wil l face a SHORTFALL OF OVER

ONE MILLION col lege graduates.

17.5% of AFRICAN-AMERICANS

NATIONAL UNEMPLOYMENT

17.9% of LATINOS

30% of CALIFORNIANScan’t meet basic l iv ing expenses.

That’s near ly 12 MILLION PEOPLE.

In the wor ld’s eighth-largest economy,1 IN 5 ARE WITHOUT

FULL-TIME EMPLOYMENT.

For the fir st t ime ever, theCURRENT GENERATION OF CHILDREN

in the U.S. wi l lLIVE SHORTER LIVES than their parents.

0% 25% 50% 75% 100%

ACCESS TO HEALTH CAREOTHER FACTORS (POLLUTION, EDUCATION, STABLE JOBS, ACCESS TO HEALTHY FOODS)

FACTORS CONTRIBUTING TO HEALTH OUTCOMES

AFRICAN-AMERICANS cast3 MILLION MORE VOTES,which is a 21% INCREASE.

LATINOS cast1.5 MILLION MORE VOTES,which is a 16% INCREASE.

YOUNG AMERICANS AGED 18-29 cast1.8 MILLION MORE VOTES,

which is a 9% INCREASE.

NATIONWIDE IN 2008

NEARLY HALF OF FIRST-TIME VOTERS (47%)come from a racial or ethnic minor ity group.

Gallup Poll, 2008.

$0

$0.50

$1.00

$1.50

$2.00

WAGE

WEALTH

AFRICAN AMERICAN HOUSEHOLD WHITE HOUSEHOLD

DISTRIBUTION OF ASSETS

Amer icans in the BOTTOM 25% of theincome distr ibution have vir tual ly

NO FINANCIAL ASSETS WHATSOEVER.