Edmund Ford taught math for 14½ years and noticed that opportunities were sparse and unevenly distributed in Tennessee’s Shelby County Schools. “My classrooms were probably about 95% Black,” he said. “Many of my students weren’t getting the tools and resources they needed so that after they graduated from high school, they’d be impervious to social […]
Wealth Gap
Posted inMoney, Wealth Gap
These Alternative Banks Could Be the Key to Shrinking the Racial Wealth Gap
Following the racial justice protests of 2020, several financial corporations and foundations promised to make investments to advance racial equality. Companies such as JP Chase Morgan, Mastercard, and Citi Foundation poured millions of dollars into Black community development financial institutions (CDFIs) as white business leaders reckoned with the ways systemic racism has impaired economic progress […]
Posted inMoney, Wealth Gap
Struggling to Talk About Money? Here’s a List of Resources to Teach Financial Literacy.
As more states move to mandate financial literacy as a prerequisite for high school graduation, financial experts worry the courses lack the historical context needed to prepare Black youth for wealth building in America. For years, Black people have sounded the alarm for more holistic financial education to address the racial wealth gap. Black people […]
Posted inMoney, Wealth Gap
California’s Reparations Plan Exposes Deep Divides in Black Communities
With a packed house behind him, Milton Hall, a Los Angeles Mid-City Neighborhood Council representative, approached the microphone. Under his breath, he lamented about missing the beginning of his golf game to attend this meeting, a gathering of California’s reparations task force for descendants of American slavery. The task force is the first of its […]