Episode 039 - Generations Tings
The largest consumers & creators of wealth in America have been African Americans. However, due to racism / white supremacy, many bills, acts, laws and organizations have prevented black generational wealth. From Rosewood, to Tulsa, to Harlem down to Auburn Avenue in Atlanta, Georgia; Black people have been terrorized due to their progressions within a racist society. Eight generations after Emancipation day of 1865 (Juneteenth), the racial wealth gap is both yawning and growing. The typical black family has just 1/10th the wealth of the typical white one. In 1863, black Americans owned one-half of 1 percent of the national wealth. Today it’s just over 1.5 percent for roughly the same percentage of the overall population. On today's episode we elaborate on the importance of Generational Wealth, how trauma and poverty has become a Generational Curse, the effects of the racial & gender wage gap on Black Men & Women, and what we must do in order to change the current stagnation of Black progress & generational wealth.
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