Tag Archives: Racial Wealth Gap

Voices

OPINION: Credit Programs for BIPOC Communities Can Reduce the Racial Wealth Gap

by Tierra Bonds

“Black people are lazy! They are financially irresponsible and buy things they can’t afford, like jewelry and nice cars. They even have kids they can’t afford. They don’t educate themselves on finances, and when they pursue higher education, they often don’t get degrees that make enough money.” — said by a large portion of society using stereotypes to justify the lesser economic state of Black Americans and, in some cases, justify their privilege.

Hearing these types of statements as a Black teenage girl 15 years ago led me to work two jobs while in high school and in college. I did this to make ends meet, break these stereotypes, and avoid being labeled as a lazy, poor, or dumb Black girl. Imagine how much weight this was. 

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News

Report Shows Racial Wealth Divide Growing in Seattle, Forum Will Explore Solutions

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by Elizabeth Turnbull


A report published this week by the nonprofit Prosperity Now reveals that even before the pandemic arrived, certain communities of color in Seattle have less wealth than fellow white residents, are more likely to experience homelesness, and are more likely to be unemployed. In response, Prosperity Now will join five community organizations, including the Africatown Community Land Trust and Communities Rise, in a virtual meeting at noon on Tuesday, March 16 to focus on addressing this racial wealth divide in Seattle.

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