26. The racial wealth gap and its impact on economic opportunity.
This module invites us to reflect on the racial wealth gap and its profound impact on economic opportunities for Black communities. The materials highlight how disparities in wealth—far beyond income—shape access to housing, education, healthcare, and other critical resources. The racial wealth gap does not just affect individual families but also has broader implications for our national economy, limiting growth and innovation. As you engage with this content, think about how systemic barriers have kept historically excluded communities from achieving their full economic potential and consider how these issues can be addressed.
What are your thoughts and feelings after reviewing the materials?
- What surprised you? What did you learn?
Reflect on the fact that wealth goes beyond income.
- It represents the capital that enables families to build economic opportunity. How does this deeper understanding of wealth impact your perspective on the racial wealth gap?
The racial wealth gap has a significant economic impact.
- It is estimated to cost the national economy between $1 trillion and $1.5 trillion by 2028. Explore investments in Black-owned or minority-owned businesses in your community. How can you contribute to this effort?
Examine the challenges Black families face in your community, especially those related to economic opportunity, access to education, healthcare, and public services.
- What initiatives are in place to address these disparities?
Look at the public, private, and social sectors in your community.
- What are their commitments to closing the wealth gap for Black families? Are there opportunities to support those efforts?
Consider the role of laws, policies, and practices in either supporting or hindering Black-owned businesses.
- What can be done to remove institutional barriers and foster equitable opportunities for economic success?
Explore what opportunities exist in your community for minority youth, particularly young Black men, to succeed.
- How can you support these initiatives to help them thrive?
Economic justice is key to racial equity, and this module has emphasized that addressing the racial wealth gap requires both understanding the historical and systemic roots of economic disparities and taking active steps to remove barriers. Consider the ways in which you can contribute to a more equitable economy, from supporting local businesses to advocating for policies that create opportunities for Black families.
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