The average Black family wealth is roughly $140k vs that of a White which is about 920k. Essentially what that means is white family wealth is about seven times greater than black family wealth. This divide has been growing since the 60's due to several factors, a large one being Black do not often own the homes they live in. One of the best mechanism to grow wealth is owning a home, it's an asset you can pass down vs renting which is essentially setting money on fire. In this episode I discuss the a possible solution to the ethnic wealth gap, provide every Black household in America a Deed to a house free and clear. Call it reparations, call it houses for homies, call it whatever you want, bottom line this would take huge steps towards closing that gap.
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