money can’t buy you love: but can it buy you health? · health? the health-wealth connection...
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MONEY CAN’T BUY YOU LOVE:
BUT CAN IT BUY YOU HEALTH?
The Health-Wealth Connection SymposiumHector J. Preciado
The Greenlining InstituteJune 23, 2010
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WEALTH is the accumulation of resources orASSETS minus accrued debt.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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COMMUNITY NEEDS TO BUILD WEALTH
EARLY CHILDHOOD
ADOLESCENCE
YOUNG ADULT
ADULTHOOD
MIDDLE AGE
RETIREMENT AGE
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DISTRIBUTION OF NONPROFIT EXECUTIVEDIRECTOR OR CEO POSITIONS IN CALIFORNIA
75%
25%
OTHER PEOPLE OF COLOR
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UC SYSTEM ENROLLMENT
0%
22.5%
45%
67.5%
90%
AFRICAN-AMERICAN LATINOS OTHER
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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.
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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.
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In the wor ld’s eighth-largest economy,1 IN 5 ARE WITHOUT
FULL-TIME EMPLOYMENT.
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For the fir st t ime ever, theCURRENT GENERATION OF CHILDREN
in the U.S. wi l lLIVE SHORTER LIVES than their parents.
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0% 25% 50% 75% 100%
ACCESS TO HEALTH CAREOTHER FACTORS (POLLUTION, EDUCATION, STABLE JOBS, ACCESS TO HEALTHY FOODS)
FACTORS CONTRIBUTING TO HEALTH OUTCOMES
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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
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NEARLY HALF OF FIRST-TIME VOTERS (47%)come from a racial or ethnic minor ity group.
Gallup Poll, 2008.
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$0
$0.50
$1.00
$1.50
$2.00
WAGE
WEALTH
AFRICAN AMERICAN HOUSEHOLD WHITE HOUSEHOLD
DISTRIBUTION OF ASSETS
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Amer icans in the BOTTOM 25% of theincome distr ibution have vir tual ly
NO FINANCIAL ASSETS WHATSOEVER.
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