01. Closing the Wealth Gap

2023-08-02

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It's time to acknowledge the truth about the color of money: it's green, and it spends the same way, regardless of who's spending it.In this episode, we're diving deep into the concept of wealth building and its significance to the Black community. Join us as we explain the wealth gap and its implications. With the average white family holding $184,000 in wealth compared to $23,000 in the average Black household, the disparity is glaring. These differences extend to other areas too, like education and home ownership.Let's unpack the complex issues around wealth, the racial wealth gap, and the vital role of...

It's time to acknowledge the truth about the color of money: it's green, and it spends the same way, regardless of who's spending it.

In this episode, we're diving deep into the concept of wealth building and its significance to the Black community. Join us as we explain the wealth gap and its implications. With the average white family holding $184,000 in wealth compared to $23,000 in the average Black household, the disparity is glaring. These differences extend to other areas too, like education and home ownership.

Let's unpack the complex issues around wealth, the racial wealth gap, and the vital role of education in narrowing this divide. We'll primarily be exploring strategies to overcome these barriers and shrink the racial wealth gap, starting with home ownership, a principal means of wealth accumulation in the United States.

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