Native
Native Americans have the highest poverty and highest
unemployment rates in the nation. They are the single poorest
population in the United States.
The role of assets, and the history of asset ownership in Native
American communities, is different from any other low-income community. Native
American tribes and individuals technically own many assets, including
land, but often they do not control these assets and thus do not reap
the benefits. For example, American Indian tribes are the single
largest private land holders in the country. In the lower 48 states,
reservation lands account for over 55.7 million acres. Yet, these
possessions do not provide the amount or type of wealth that one might
imagine. Moreover, although a Native American tribe may own significant
assets, this does not mean that such assets have trickled down to
individual members of the tribe.
Asset building policy in Native communities therefore must have a dual
focus: (1) assisting tribal nations in controlling, building and
benefiting from their assets, and (2) assisting tribal members with
individual asset building opportunities in order to prosper from tribal
and general US wealth.
- Adapted from First Nation Institute’s “Asset-building in Native Communities: An Asset-Building Framework”
Resources:
Closing the Racial Wealth Gap Initiative
PowerPoint presentations focused on the intersections of race, gender, wealth, and immigration:
The Intersection of Race, Gender, and Wealth: Why Disparities Matter
Borrowing Trouble: Predatory Lending in Native American Communities
Links to Fact Sheets and Policy Briefs:
A brief overview on the different barriers to asset building in communities of color as well as policy recommendations for addressing them:
Native American Women and Wealth
The Racial Gap in Debt, Credit and Financial Services
The Racial Gap in Homeownership and Home Lending
The Racial Gap in Savings and Investments
The Racial Gap in Wages and Employment
The Racial Gap in Business Development
Social Insurance and Communities of Color
The Racial Gap in Land Acquisition, Development and Retention
American Indian Entrepreneurs - Unique Challenges, Unlimited Potential
This is a link to a paper from a 2008 Northwestern's Searle Center on Law conference. The paper contains information on the unique cultural, social, and economic context of Native Americans that must be considered when creating asset building opportunties.















