Research
Racial Wealth Gap
The Federation of Southern Cooperatives estimates that 60 percent of African American-owned land is held as heirs’ property. Some media outlets have estimated that a third of African American-owned land in the south is held as heirs’ property—3.5 million acres valued at approximately $28 billion.3
The Black-white wealth gap left Black households more vulnerable Emily Moss, Kriston McIntosh, Wendy Edelberg, and Kristen E. Broady Tuesday, December 8, 2020
Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days and white communities 17 days. How long does a dollar circulate in the black community? 6 hours!!! African American buying power is at 1.1 Trillion; and yet only 2 cents of every dollar an African American spends in this country goes to black owned businesses.
Reference: Article: The Greatest Wealth Transfer In History: What’s Happening And What Are The Implications by Mark Hall, Contributor, Technolgy Business Leader.
Reference: U.S. Department of Health and Human Services RESEARCH ON SUCCESSFUL FAMILIES MARIA KRYSAN, KRISTIN A. MOORE, AND NICHOLAS ZILL CHILD TRENDS MAY 10, 1990