Wealth Gap: Road to Zero Wealth & Income Inequality of Black, Latino, Asians
Wealth gap in America seems obvious, but the data is even more shocking. I’m referencing a report by Prosperity Now called Road to Zero Wealth, Income Inequality and how the racial wealth divide is getting bigger and bigger.
Black, Latino, Asian households will own 60-80% less wealth (than they did in 1983) by 2024. ??♀️??♂️??♀️??♂️
Military veterans this includes many of you too. ???40% of our military is made up of minorities.
My guests on the #MoneySmartShow are Curtis & Spring Eatmon, former pro basketball player and runway model. They are also co-owners of PHP Agency are we’re fired up about this talk concerning the wealth gap and solutions to close it.
00:06 How the Racial Wealth Divide is hollowing out the middle class
2:09 Shocking States due to Racial Wealth divide
5:05 What happens if Middle Class was defined by wealth rather than income
6:00 Introducing Sheena Sapaula (My Wife)
6:19 Welcoming Curtis & Spring Eatmon to the Show
7:08 Sheena’s insight on what minority families struggle with
8:17 Curtis & Spring give their feed back on the racial wealth divide
11:28 Why you need to get into the habit of doing things differently
14:46 What the minority class is saying about financial education
17:55 Black Women and Money: Here the conversation
22:16 Why Black, Latino, Asian families might be so far behind
22:59 The conversation about Life Insurance Amongst Minorities
28:18 Whats going on at with the Minority community and money
31:33 Solutions for the Minority community
36:50 An Impactful story about Life Insurance
40:00 Was Wealth building ever something you talk about in college?
43:49 a Message for those that want to fix their situation
51:19 Thanking Curtis & Spring for their time!