Resource Library

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The John T. Gorman Foundation strives to be data-driven and results based and seeks to promote information and ideas that advance greater understanding of issues related to our mission and priorities. In our effort to promote these values, we offer these research and best practice resources collected from reputable sources across the country. The library also includes briefs and reports the Foundation has commissioned or supported, a listing of which can be found here.


Social Security narrows wealth gap between high- and low-income households

August 10, 2021 – SeniorsWealth and Assets

A working paper from the Federal Reserve Bank of Boston presents a new conceptualization of household wealth that accounts for the patterned availability of wealth components across the population. Specifically, the authors extend the definition of wealth beyond market-based assets to also include estimated pension and Social Security distributions, which are critical elements of retirement-financing savings for many seniors. The paper finds that by including these resources in wealth calculations, the gap in wealth between the highest-income and lowest-income households, which is well documented with traditional measures, appears smaller when also including pensions and Social Security. Findings indicate that reductions in Social Security benefits would have significant implications for wealth distribution and for the economic wellbeing of the lowest-earning households in particular. #weath&assets

Reducing the Black-white racial wealth gap will require dedicated and comprehensive policy solutions

July 28, 2021 – FamiliesChildcare, COVID-19, Education, Housing, Racial Equity, Wealth & Assets, Wealth and Assets, Workforce

A new issue brief from the Center for American Progress examines the Black/white wealth gap and summarizes a set of proposals and policy actions to address the gap. Some recommendations include allowing the U.S. Postal Service to conduct banking services to increase community access; investing in research and development opportunities for Black innovators and inventors; dedicating additional funds for Black entrepreneurs; developing a National Savings Plan to provide retirement accounts to public sector workers; and investing in young children through childcare and education. #racialequity #childcare #education #housing #workforce #covid-19 #wealth&assets

The Tight Housing Market Boxes Out Government-Insured Borrowers, Widening Homeownership Gaps

June 16, 2021 – FamiliesCOVID-19, Housing, Racial Equity, Wealth and Assets

A recent post from the Urban Institute highlights the ways in which lower income borrowers are disadvantaged in the current housing market. The authors suggest that the pandemic-era housing market favoring sellers facilitates discrimination against buyers using loans from the Federal Housing Administration and U.S. Department of Veterans Affairs. Urban’s analysis of government and government-sponsored enterprise loan originations finds that FHA loans in have declined from 22.8 percent of these loans in 2017 to 18.9 percent in early 2021. Since FHA loans are more often utilized by those with lower income, credit scores, and wealth—many of whom are buyers of color— this trend reinforces racial-ethnic gaps in home ownership. #covid-19 #racialequity #housing #wealth&assets