wealth inequality
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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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OneUnited Bank Launches BankBlack X Campaign to Tackle Racial Wealth Gap, Encourage Financial Literacy
The black dollar is big business. With $1.3 trillion in annual buying power, the influence we wield on the global economy is undeniable. Yet far too often, we’re unable to fully capitalize on our collective monetary might. Looking to break this cycle is OneUnited Bank—the largest black-owned bank in the country—with their commitment to garnering…
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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”…
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It’s Not Class, It’s Race: Why America Can’t Move Forward Until It Addresses the Racial Wealth Gap
We don’t tend to look at the wealth gap as a form of violence, even though it’s certainly rooted in it. Take the massacre in Wilmington, N.C. The 1898 race riot is one of those stories that have been willfully erased from history, even though it is the only coup d’état to ever take place…