Julian Bond Institute's “Ambition Without Access” survey finds the racial wealth gap is not a motivation problem — it is a structural access problem WASHINGTON, DC — Amid historic affordability challenges in the U.S., a new study released today by the Julian Bond Institute for Financial Equity Research (JBI) debunks preconceived notions that younger, more diverse generations lack motivation to contribute to the economy. The study – Ambition Without Access – found that young Black and Hispanic Americans aspire to homeownership, entrepreneurship, and building generational wealth at rates equal to or greater than their white peers. Yet they achieve those goals far less often due to the racial wealth gap and structural barriers to accessing appropriate, responsible financial products. The study also found that, regardless of race, a sizeable share of Gen Z and Millennials face financial instability, with less than half of these respondents (48% and 45%, respectively) saying they were on track to accumulate enough savings for a comfortable retirement. “The gap between financial aspiration and achievement for young and minority consumers is not a matter of motivation. It is a matter of structural access — to family financial resources, affordable credit, adequate income, and the knowledge to...