closing racial wealth gap
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ESPN Analyst Jay Williams on the NBA Restart, Social Justice and Closing the Racial Wealth Gap
To the relief of sports heads everywhere, the NBA is officially back in business. However, it looks very different than the sport we’ve all known and loved throughout the course of our lives. Players, coaches and referees are kneeling during the national anthem, “Black Lives Matter” is printed on the court, and instead of chatting…
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How This Black Woman Is Helping Advance Black Pathways Toward Financial Freedom
Thasunda Brown Duckett is considered one of the most powerful women in banking. She is currently the CEO of Chase Consumer Banking at JPMorgan Chase and helps lead Advancing Black Pathways. The initiative serves as an opportunity to “help black people chart stronger paths toward economic success and empowerment.” In this episode of A Word,…
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The Racial Wealth Gap Is Dizzying. Its Best Solution, Less So
The racial wealth gap is larger today than it was when The United States passed the Civil Rights Act of 1964. The average white family currently holds about 10 times the wealth of a black one, and the average income from the labor of white families stands at about two times that of black ones…
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Ben Carson Emerges from the Sunken Place to Opine on Reparations, Dismiss Trump’s Impeachment as ‘Very Immature’
Ben Carson, whom award-winning author Kiese Laymon affectionately refers to as “Dad”, whom The Root Senior Editor Stephen Crockett Jr. refers to as “the Godfather of Mumble Rap,” and who I habitually refer to as “ain’t shit,” has a few questions about how this whole reparations thing is supposed to work. On Monday’s edition of…
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Everyone Knows There's a Racial Wealth Gap. How Do We Fix It?
This country has always had a wealth gap, and America usually fixes this problem…for white people. To cure widespread poverty during the Great Depression, the New Deal guaranteed jobs, reformed banking, built infrastructure, reimagined education and literally built entire towns filled with affordable housing… For white people. Because of segregation, Jim Crow and the newly…
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No, Personal Responsibility Won’t Solve Inequality: New Study Dispels Common Myths Behind Racial Wealth Gap
Much has been reported about the racial wealth gap—but much is still misunderstood. A new report on the wealth gap focuses on the stubborn, pervasive myths that inform people’s understanding of America’s racial wealth disparity—and points readers in the direction of real solutions. The report, “What We Get Wrong About Closing the Racial Wealth Gap”…