Since the coming of America (1619), our economic state has always been at an all-time low, even with the ending of slavery we had no chance of gaining wealth compared to other communities.
74 years ago when the majority of grandparents were born, White Americans had restrictive covenants that would prevent house sales to Black families until 1948.
My purpose for bringing awareness to this topic is because it's so crucial for future generations. Building assets is one of the most important parts of financial health. Important for a successful life that creates stronger families that would make for a stronger community.
It's time for the youth to have awareness of the #RacialWealthGap!
The white and black median averages are 10x apart from each other. It's currently on pace to significantly decline for both parties but the lower economy suffering the worst.