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The realities of racial disparity

By 2016, the wealth gap was roughly the same as it was in 1962, two years before the passage of the Civil Rights Act.* And between 1980 and 2020, the racial wealth gap increased by the equivalent of 0.1% a year.

What does this mean? That we live in the least equitable moment in our society since the 1960s.

Amid the 2020 racial justice movement and the economic crisis related to the COVID-19 pandemic, we saw an immediate need to act.

We created a pillar of work dedicated to this issue so we can create a more equitable society.

Preparing workers for equitable opportunities

To create an economy that works for everyone, we support worker training and employers' efforts toward equity.

The Foundation is investing in 3 key areas:

  1. Support organizations that create talent pipelines to increase access to thriving wage employment.
  2. Provide capital for social entrepreneurs who advance equity through innovative workforce development strategies.
  3. Change the narrative around thriving wages to prioritize improving outcomes for historically marginalized communities to create an inclusive economy for all.

Allstate recognizes the significant disparities that persist in our communities and strives to level the playing field. For more than 30 years, Cara Collective has worked to reduce and remove barriers to gainful employment for our often-overlooked talent. We are proud to call Allstate a partner to our mission and grateful for their support as together we build a more inclusive economy for all.

Kathleen S. Caliento
CEO, Cara Collective

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Inspiring a culture of change.

The Allstate Foundation helps individuals and communities thrive.

See more ways The Allstate Corporation is taking action.

*Survey of Consumer Finances

ECC Monitor: OK