Financial literacy alone will not be enough to close the racial wealth gap, or as Dewardic McNeal points out, the racial wealth gulf.
"$17,150, the median net worth for Black households; $171,000, that's the median net worth for white households. This is not a wealth gap. This is a wealth gulf," McNeal said, referencing data from a 2016 Fed survey—more recent data shows the median wealth of Black households at $24,100 in 2019, but the gap as wide as ever, with White households having median wealth of $188,200.
In order to close this gulf a number of steps must be taken including greater access to capital for Black-owned businesses, greater opportunities for employment and participation in the equity economy.
acorns Bitcoin can help close that gulf
acorns That is what we can do. Then there is changing all of the institutional systemic barriers, that is what has to happen to fully allow the first notion.
acorns this is terrible news
acorns thanks for this news
bcope51 acorns We don't need financial education; we need cold hard cash.
bcope51 acorns RACIST Tweet
bcope51 acorns Internet disruptions in Sistan-Baluchestan continue: The last time the Internet was cut off in Iran, more than 1,500 people were killed. Thousands were detained and tortured. When Internet is down, crime has begun…. Saravan
bcope51 acorns It's boring to sit at home alone, looking for someone to spend time with
bcope51 acorns Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. michelleclaw_ thank you for your proper management🙏🏻🙏🏻 .
acorns $AMC AMCtoMARS AMCArmy them - 'What do you do with you extra time and money?' Me - 'hunt greedy shorts and help struggling companies.'
acorns When Biden said America is back, he meant using democracy as a tool to interfere once again and continue what Obama started to divide the Middle East, that's how America works using democracy to it's benefits not as a meaning dirty as ever BidenLied We_are_all_MBS BidenRegret
acorns thanks for this news
acorns Why was Trump banned?
kourtneykgibson acorns ❤❤
acorns 곤란으로 말미암아 내 눈이 쇠하였나이다GoldenFridayVigil 2021.02.27
acorns GoldenFridayVigil Blessed are the MEEK because they totally Submit to The LORD.
acorns nice
kourtneykgibson acorns Thanks CNBC for highlighting this phenomenalwoman
kourtneykgibson acorns What does it mean to be unapologetically black?
kourtneykgibson acorns If you don’t understand the message, maybe it wasn’t meant for you! 🤷🏽♀️ Thank you kourtneykgibson for shining your light and inspiring generations to come!
kourtneykgibson acorns Yes! To this!! 👊🏾
kourtneykgibson acorns You’re an inspiration kourtneykgibson ! 👏🏽
kourtneykgibson acorns Thank you for this message kourtneykgibson !
kourtneykgibson acorns Or we could just all be humans and judge a person on their character 🤷🏾♂️
kourtneykgibson acorns Black History Month Should Be Changed to African American History Month.
kourtneykgibson acorns There Ain't Even Black People. There Was a Black And Proud Movement Years Ago. But, Evolve Already. Cant You Tell the Difference Between a Black T And the Color Of Skin Africans Know They Ain't Black. But Might Be Name Called/Labeled Black In America. Whatever, Its Yo Thang
kourtneykgibson acorns Really.
kourtneykgibson acorns Right on, Kourtney
kourtneykgibson acorns Race is superpower. Hmmm, heard that before.
kourtneykgibson acorns 🤔
kourtneykgibson acorns Cant i just be a Human , an American and leave the color out of it for a change makes us wonder who the real racist actually are
kourtneykgibson acorns GoldenFridayVigil 주님을 신뢰하면 수치를 당하지 않을 것입니다.
acorns Also not having 70% of black kids born to unwed mothers. Take some responsibility.
acorns What is this guy talking about? Don't believe me? Just ask my minions at CNBC. They will tell you that we have the tools to solve inequality.
acorns Everything is only about black Americans now, as if no other ethnicities matter or deserves the same level of attention or assistance. pathetic
acorns I don't know..... some people prefer to work, and some don't.
acorns Lmaoo I hella thought that was Tracy Morgan... I was thinking “when did he become a financial analyst?” 😆
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