I recently had the pleasure of being quoted in a Black History Month Guide produced by The Skimm that features a few prominent women who are making an impact in the finance world and asking them how the racial wealth gap presents in their lives. You can read it here, Making Black History: Women Fighting the Racial Wealth Gap. The racial wealth gap has and continues to affect every generation in my family. But, I’m doing my part to break these curses and speaking openly about it in hopes it will help you too.
What is the Racial Wealth Gap?
The racial wealth gap in the United States is the difference in median wealth between different races. In the U.S. the racial wealth gap shows that the typical white household holds multiple times the wealth of Black and Latino households. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts.
The matriarch in my family, my grandmother, is 90 years old and she’s fighting to keep the property in the family that was bought by her g