Ep. 1 – Show Me What You Workin’ With

The Racial Wealth Gap

In this episode, Delina and Erika discuss what it means to be rich. How is wealth built and where does Black America stand, in terms of wealth? Are you Broke-ish?

Homework
What is your net worth? Net Worth Calculators:

 

The Receipts (Show Notes)

The Road to Zero Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class

Authors: Dedrick Asante-Muhammad, Chuck Collins, Josh Hoxie, Emanuel Nieves

Date: September 2017

  • Median household wealth for Black families = $1,700
  • Median household wealth for white families = $116,000
  • The median black family is estimated to have $0 in wealth by the year 2053

 

The Hidden Cost of Being African American: How Wealth Perpetuates Inequality.
Author: Thomas Shapiro
Date: 2004
“…money that is acquired through family that allows for social mobility beyond what their current income level would allow for.”

 

Bank admits it owned slaves (The Guardian)
Author: David Tether
Date: January 21, 2005

 

Insurance Policies on Slaves: New York Life’s Complicated Past (New York Times)
Author: Rachel L. Swarns
Date: Dec. 18, 2016

 

Equal Pay Days
April 17, 2018 – White women
August 7, 2018 – Black women

 

The Color of Law: A Forgotten History of How Our Government Segregated America
Author: Richard Rothstein
Date: 2017

 

A ‘Forgotten History’ Of How The U.S. Government Segregated America (NPR)
Author: Terry Gross
Date: May 3, 2017

 

The Rise and Fall of Affirmative Action (The New Yorker)
Author: Hua Hsu
Date: October 15, 2018

 

Americans Pay Almost as Much for Child Care as They Do for Rent (Money Magazine)
Author: Daniel Taub (Bloomberg)
Date: August 31, 2018

“The average cost of child care in the U.S. is $1,385 a month, according to a HotPads analysis of a Care.com index. That’s slightly less than the median rent payment of $1,500 a month across the country, said HotPads, a unit of Zillow Group Inc.”

 

Black Women’s Equal Pay Day

equalpaytoday.org

 

Explained – Racial Wealth Gap (Netflix- 2018)

3 Comments

Leave a Comment