(TriceEdneyWire.com)—A recent study on wealth was conducted by Amy Traub, Laura Sullivan, Tatjana Meschede and Tom Shapiro. The study did a comparison of Black and White wealth and Latino and White wealth. In our community, we have been consumed with racial inequities, voter suppression, health care, unjustified police shootings and racial bias in our criminal justice system. We’ve been concerned about shootings among our people within our community. Not often enough do we give serious attention to economic exclusion and inequity, and yet, poverty eats away at our communities every day.
Too often, we find ourselves contributing to our problem. We often choose to spend our money where we are not respected and on items we simply do not need. Not enough of us spend our dollars in our own community to help in building our community.
Building wealth in our community is as important as all of the other issues we face. As a matter of fact, with more attention to the wealth gap our people face, some of the other challenges would at least lessen.
According to the study, “No metric more powerfully captures the persistence and growth of economic inequality along racial and ethnic lines than the racial wealth gap. According to data from the Survey of Consumer Finances, the median White household possessed $13 in net wealth for every dollar held by the median Black household in 2013. That same year, median White households possessed $10 for each dollar held by the median Latino/a household.”
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