Gen Z-Diversity deserves a fair and equitable share of Federal Grants to improve their future through their own Economic Development initiatives and Programs. To achieve Gen Z-Equity funding must be allocated to Programs designed and implemented by the individuals and organizations that these programs are intended to serve. This funding mandate will finance Gen Z’s “operational equity” initiative, and must be included in the annual Budget Distribution and Planning and Decision-making processes in every US city. This is an achievable solution in providing Gen Z with its fair share. Each city has the power and ability to create equity barriers or equity opportunities for the future of Gen Z. By collaborating with Gen Z as a key community-stakeholder in America’s diverse future, every city commission across America is being given the opportunity to use its power and influence to adopt policies and procedures that implement Gen Z’s Diversity Programs. Policy Makers must put the available equity building resources, in the hands of the leadership of the population the funds are intended to serve. The decisions we make to allocate our Equity Resources today, will affect Gen-z multi-cultural future in America for decades to come.
The U.S. Census Bureau projects that much of the U.S. population will be People of Color by 2043.” If we consider the increased population of People of Color along with their buying power as groups of people, we will see how drastically our economy would improve. Throughout 2014, Black Americans, Asians and Native Americans had a collective buying power of $2 trillion, 117 percent higher than the $916 billion they had available to spend in 2000.” “If we start calculating the buying power numbers with U.S. Census Bureau projections, Gen Z makes an even more compelling case for the importance of obtaining racial equity. Besides an increase in economic output, advancing racial equity increases consumer spending, as well as federal, state, and local tax revenues. And it decreases in social service spending and health-related costs. The potential economic and social gains are significant. In consumer spending alone, closing the racial equity gap in the U.S. would generate an additional $109 billion spent on food, $286 billion on housing, $30 billion on apparel, $147 billion on transportation, and $44 billion on entertainment each year. Federal tax revenues would increase by $450 billion and state and local tax revenues would increase by $100 billion annually”.
Gen Z seeks racial inclusion and income equality. The Altarum Institute found that Gross Domestic Product would have been $1.9 trillion higher in 2012 without racial income gaps the economic gains of equity would grow to $5 trillion per year by 2030 as demographics shift. The most recent findings published in March 2015. An analyze by economists, Robert Lynch and Patrick Oakford of 118 metropolitan regions resulted in the same conclusions in each of those regions.. Diversity is our strength and will ensure the future and stability of the U.S. economy as a Multicultural Nation in the Global Community
