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The racial wealth gap in the United States is shocking: white families have a median wealth nearly 10 times greater than that of Black families. How did we get here, and how can we stop the gap from growing? Wealth equity strategist Kedra Newsom Reeves provides a short history on the origins and perpetuation of racial wealth inequality in the US — and outlines four ways financial institutions can expand opportunity for Black individuals, families, entrepreneurs and communities.
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David Jaejoon On
November 12, 2020 at 10:20 pm
If you smoke weed your smoking a slave
David Jaejoon On
November 12, 2020 at 10:25 pm
Meanwhile you can get money at a bitcoin bank while crime is thriving
David Jaejoon On
November 12, 2020 at 10:26 pm
How many banks are being made in the u.s.
The One
November 12, 2020 at 10:31 pm
Not watching the video. Just wanted to say as a white person, I’m tired of being blamed for everything. Thanks.
raindrop52
November 12, 2020 at 10:34 pm
My relatives never owned slaves in America. They were runaway servants from Germany in the early 1800’s. They came with nothing.
Rebecca Webb
November 13, 2020 at 1:05 am
So did lots of people. Only held back by your own self here . there are quite a few people that have started with nothing and made something big or small no matter skin education or gender….
Some favoritism exist yes its called ” who you know”
lynn 2018
November 12, 2020 at 10:43 pm
Tell black people work harder, not be single parents, no have kids too early.
Amanda Kristine
November 12, 2020 at 10:46 pm
As was proven by Thomas Friedman, decades ago, education.
Verena Satriani
November 12, 2020 at 10:54 pm
Everyone deserves prosperity and happiness. Because everyone matters.
Meandmyshadowclones
November 12, 2020 at 10:57 pm
One thing she failed to mention with the housing crisis in 2008 was that it was caused BY banks giving out loans to low income households who defaulted on the loans in huge numbers, resulting in a massive wave of foreclosures.
Arise On
November 12, 2020 at 11:01 pm
How to reduce the WEALTH gap between us and VERY RICH PEOPLE !
Mike Purdy
November 12, 2020 at 11:25 pm
First time I’ve ever seen a video that attracts such dislike, speaks volumes
Virgin_Mary _In_Islam
November 12, 2020 at 11:31 pm
“All mankind is from Adam and Eve, an Arab has no superiority over a non-Arab nor a non-Arab has any superiority over an Arab; also a White has no superiority over a Black nor a Black has any superiority over a White except by piety and good action”
The Last Sermon Of Prophet Muhammad (p.b.u.h.)
PresidentialWinner
November 13, 2020 at 12:00 am
But what about a Muslim and a Hindu? Muslim and a non-believer? Muslim and an apostate? Are those all the same, are those are equal as well, according to the prophet muhammed? (peace may not be upon him)
Tareene 1 Like Queen
November 12, 2020 at 11:34 pm
This comment section is dense! This woman just explained the consequences of race and wealth in America by virtue of her lineage. American Decedents of Slavery (the institution that racially caste black people) have suffered inherited poverty BASED SOLELY UPON THIER RACE. NO OTHER REASON. Slavery was an American institution that oppressed BLACK people. Jim Crow and racial segregation (which was also based upon RACE) further perpetuated BLACK poverty in America. She didn’t even mention the criminal justice system which is part of the reason “so many black mothers are single💡.” Yep being BLACK (particularly black men) also results in longer sentences and racial profiling🤯.
Regardless of whether you agree with her proposed solutions or not. You can’t nullify RACE-based solutions after making black people suffer for their RACE for 400 years. The only way to fix the damage cause by RACE is by creating RACE-based resolutions.
If you’re white and you’re broke it ain’t BECAUSE you’re white! In fact, white suffering is generally based on every kind of reason other than RACE.
The stupid comments about the possibility of casting people based on eye color, hair color, or another superficial feature are asinine. ASK YOUR WHITE ANCESTORS why THEY didn’t pick another feature to target and torture people. Something tells me that they didn’t want their own children and loved one’s potentially being victims of the atrocities that they inflicted upon victims of slavery and their decedents. Just because their kid happened to have brown hair or green eyes🤔. Y’all are simple-minded! And this comment section is gaslighting central🔥.
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Terry Wheelock
November 12, 2020 at 11:36 pm
Why is “Black” capitalized and “white” is not! This shows the “racism” that is instilled by Blacks, Browns, Yellows, Reds, and Whites! Not all of them off course, actually only a mere MINORITY of each race want to keep “racism” alive because the make their “living” (income) of of it!
We need to “return” or continue down the “road” to “a more perfect Union”, one in which there is “LIBERTY and JUSTICE for ALL!” as was and is the original intent and foundation of this nation! As long as Republicans AND Democrats are in “public service”, there will be NO improvement only degradation and division further away from “The American Ideal”!
WE began the journey at dawn the morning or August 19, 1775 when the SHOT that was “heard round the world”, that announced that WE the PEOPLE are ALL FREE and INDEDENDENT and began the formation of the Nation of WE the PEOPLE! One in which there is actual “LIBERTY and JUSTICE for ALL!”
So ALL races need to “relearn” what it is to be American, and ABIDE by “The Charters of Freedom” as this is their pathway to the UNALIENABLE RIGHTS that are enshrined within The Charters of Freedom so they can achieve the equality (wealth and prosperity) that they have sworn an OATH too!
Trainable Monkey
November 12, 2020 at 11:40 pm
Madam you insult our intelligence. “Median Family Wealth” alone is meaningless. When two adults marry their “Median Family Wealth” is combined. Which banking product increases “Median Family Wealth” faster than marriage?
SIREN Offspring
November 12, 2020 at 11:43 pm
I’d like to see where these statistics came from. I really doubt it. Very misleading to say the least.
SIREN Offspring
November 12, 2020 at 11:49 pm
Most sure way to be poor is to decide you’re a victim.
Mario Rumrich
November 12, 2020 at 11:54 pm
poor people need to learn about finance. then about how to keep their money. then how to make money. but yeah, teach them useless stuff in school instead. And, living in germany as a white male, I really don’t get how questions like fighting poverty all of a sudden became mixed up with race / racism and inequality of peoples worth. As if black people are worth any less than others.
S J
November 12, 2020 at 11:57 pm
Median wealth… there are statistically more white millionaires/billionaires skewing that simple median figure used.
Rebel Hips
November 13, 2020 at 12:04 am
Wow, these comments and all the down voting speaks volumes about the state of our country right now. How disappointing. This young woman spoke truth and had 100% valid points and ideas.
Gregory Adler
November 13, 2020 at 12:12 am
What BS. We came over from Eastern Europe 100 years ago. We never owned anyone. Every black person who was a slave is long dead so none of you deserve reparations! Want to get into Harvard? A white man with a 4.0 average has to fight it out while a black person who managed to finish High School just needs to show up to get a full scholarship.
Hdog
November 13, 2020 at 12:55 am
3 things: Try to keep couples with kids, whether they are married or not, together, for the sake of the kids. Keep people from committing crimes. Have kids get through high school, having learned how to be an adult, and ready to enter the workforce.
Gianni Marco
November 13, 2020 at 12:57 am
She is lying. Facts from studies show that there has NOT been generational wealth passed on among whites from the time of slavery! In fact, studies show that blacks from Sudan (in Africa) who immigrate to America do financially better than most other groups except Asians. They are NOT coming to America with generational wealth. They are coming to America with the culture of having a father in the house, and an expectation the kids will NOT get in legal trouble and WILL get a higher education in something that leads to a good job (i.e. doctor, lawyer, etc.).
clearmenser
November 13, 2020 at 12:58 am
How? Equal opportunity. Not equal outcomes, not quotas, not bending over backwards to equate every interaction with racism. For the love of God, please let the wounds of the past heal. They’ll never heal if we keep picking at them.
John Gifford
November 13, 2020 at 1:01 am
Develop more and better skills, work more, work harder, and spend less. That’s it. Guess what? No one cares that you’re black or white. You’re either a decent person that works hard, or you’re a piece of garbage that wants a free ride. People that care about skin color are racists. Don’t waste time or energy on racists. They are sad little people that live in a sad little world.
I love good people. I dislike crappy people. Be good. Work hard. Win.
Rukasu
November 13, 2020 at 9:35 am
I didn’t think wealth was to be given has to be earned
TruthseekerforHim
November 13, 2020 at 10:11 am
Well, How did you do it Kedra? Teach others to do that. I’m sure it took a bunch of work and dedication. It’s the same everywhere. Work and dedication.
Black Flame
November 13, 2020 at 10:11 am
First, you have to stop seeing everything in race terms. This world isn’t about Black v White.
The Galactic Travelers
November 13, 2020 at 12:03 pm
Is what I said
Just In credible
November 13, 2020 at 3:47 pm
They pretend as if there’s no one else in America except black or white. They are forgetting Asian. Laatino. Native American. Indian. All types
Artimis Fowl
November 13, 2020 at 4:25 pm
I don’t think this invalidates any of their actual points, right? Replace black with “descendents of slaves who also were prevented from going to any respectable school, owning property, or living in certain places for centuries”. Now what changes?
maxdrags3
November 13, 2020 at 10:16 am
OH, I KNOW… Get a better job.
Monteiro
November 13, 2020 at 10:23 am
Did the thumbs down humans saw the video at least?
BJERKASS
November 13, 2020 at 10:36 am
Wrath gap is a myth
Light Theory LLC
November 13, 2020 at 10:38 am
Its called Learn to Code, Build Projects, Build an Inspiring Stellar Cover Letter and Resume, add online Certifications and STOP Making it about your Race.
The Galactic Travelers
November 13, 2020 at 12:05 pm
Comments on this post put a big smile on my face. So good.
Gringo Salamanka
November 13, 2020 at 11:00 am
How to reduce the wealth gap between white and asian or indian Americans?
Pippy Pappy
November 13, 2020 at 11:24 am
Yes.
Garrison Robbie
November 13, 2020 at 11:27 am
How to reduce the wealth gap, start working maybe? Asians aren’t complaining and they’re the highest income earners in the US.
Ricardo Sarcar
November 13, 2020 at 11:46 am
Seems to me that race is over-emphasized in this issue. A poor white family is just as disadvantaged as a colored one, unless there is widespread discrimination against colored americans when it comes to giving them opportunities. Inheritance or estate taxes in particular could enhance equality of opportunity, especially if revenues were invested in programs that give low-income children a better chance at economic success. Again, it’s not largely a racial problem. Even if new policies were made, they wouldn’t only be applied to colored people would they?
Back Health 101
November 13, 2020 at 12:23 pm
We should also talk about the disparity between East Asian and white. And Jewish and East Asian. I’m 100% Armenian and I think we are beating everyone. Let’s talk about that too.
C Barnes
November 13, 2020 at 12:44 pm
Raise your hand if you’re sick of white people being the cause of others problems. It’s getting old and that song is so worn out that all it does is skip. Put in a new one that maybe plays I will work hard today and if nothing changes even when I did my very best. So tomorrow I will work even harder and not blame others for I can succeed without making excuses and playing victim. I’m not sorry you didnt wake up and have millions of dollars, neither did I.
Redbad Frysii
November 13, 2020 at 12:45 pm
Why the wealth gap between black and white Americans? Why not between Jews and black Americans? Or Indian Americans to Black Americans? What is this relentless propaganda that we’re being bombarded with? What agenda is being pushed? Is it all really just pure ideology from the forked tongues of academia’s high priests, or are there more nefarious motives underneath it all?
Brian McCunney
November 13, 2020 at 1:08 pm
Yeah, its called work hard. Save more. Don’t have 10 kids when you can only afford 1
Ryan Relford
November 13, 2020 at 1:27 pm
Million MAGA march Saturday 14th
Ryan Relford
November 13, 2020 at 1:36 pm
Fix the wealth gap across the world of all enslaved. 😆 every race has been yet only one is bitchin.
username
November 13, 2020 at 1:38 pm
Huh… Black and white
das lame, guys
Pumpkin
November 13, 2020 at 1:44 pm
Why do you type Black (with capital “B”) and white (with lowercase “w”)? Is typing “White” offensive these days?
MAHMOUD ABDELREHIM
November 13, 2020 at 1:52 pm
Why is nobody talking about Cruptocurrency at this moment? It’s on a bull run and a lot of people are defintely gonna miss out on that just like the last time
Richardson Tyler
November 13, 2020 at 3:41 pm
@Glover Godstime Mr. David Lewis availability is on whats App 👇👇
Richardson Tyler
November 13, 2020 at 3:41 pm
@Glover Godstime *+ 1 ( 4 7 0 ) – 2 9 8 – 9 2 7 3*
Matt Fortlage
November 13, 2020 at 3:42 pm
Expert David Lewis taught me how to use several indicators to develop my own signals such as the EMA,MA MACD..now I trade all by myself
John Brady
November 13, 2020 at 3:42 pm
@Matt Fortlage I keep on hearing expert Mr David Lewis name being mentioned here, does he really worth the credits and reviews?
Matt Fortlage
November 13, 2020 at 3:43 pm
@John Brady he is an exceptional broker and lucrative at the same timers
Alex
November 13, 2020 at 2:04 pm
The most staggering thing about this video is that this lady has clients. Financial corporations pay her to tell them how racist they are.
This lady is not a social commentator, she’s a genius business person. I’d be much more interested to hear about her career path and how she got to where she is.
The Doctor
November 13, 2020 at 2:26 pm
😴😴😴
nppc cfo cfi cff deps nci
November 13, 2020 at 3:24 pm
People dont care about how poor you were, how you couldnt go to school. Its not discrimination. Just face it instead of trying to change the world
IDontKnowWhatImDoing
November 13, 2020 at 3:47 pm
Welfare policies in the 60’s didn’t help either
Navy Nuke
November 13, 2020 at 5:19 pm
What a racist pantload.
jncc1701
November 14, 2020 at 12:52 am
This wage gap mirrors education spending an opportunity. Seems like a simple solution to me.
Relics
November 14, 2020 at 2:04 am
Just print more money and give it to the black people
DUHHHHH
thats how money works
Grey Knight
November 14, 2020 at 3:02 am
Who cares.
Alacard0malley
November 14, 2020 at 3:34 am
If BLM stopped looting and burning down black owned businesses that’d be a start.
Boost Junkie
November 14, 2020 at 6:40 am
We start by not bringing up race and color at all then we ask everyone to stay self motivated and know that you are responsible for yourself and your actions have consequences……
Herbert Jeffrey
November 14, 2020 at 7:31 am
The truth is the pay gap will only reduce when black people become employers instead of employees. We have more black employees than black entrepreneurs.
Lawvleens world
November 14, 2020 at 7:39 am
There are alot of black owned businesses. There are alot of black people at different sectors of the world’s economy and politics and entertainment. Though the system is designed against the blacks, we always prove to be survivors. We are the change we seek.
TAB BAT
November 14, 2020 at 9:25 am
能力が等しいグループで、人種により、給与や、待遇の差があるのならば、問題だ。
男性と女性を比較したときの職場の給与や待遇に関しても同じことが言える。ただし、こちらは男性に分があってしかるべきだ。それか女性は子供を産むのを諦めろ。
Kiyohshi
November 14, 2020 at 10:26 am
I only see one specific gender and racial demographic talking reckless in these comments…
Jh5578
November 14, 2020 at 11:37 am
UBI
G W
November 14, 2020 at 2:55 pm
More dislikes than likes , tells me everything about this lady opinion .
VerdeART
November 15, 2020 at 12:41 pm
tells you more about the gringo mentality. I actually liked this down to earth objective explanation… sheesh…
The Jacal
November 15, 2020 at 3:05 pm
@VerdeART Shame it was all bollocks though.
Willem van Rees
November 16, 2020 at 4:45 pm
@The Jacal Shame you can’t read basic data though.
The Jacal
November 16, 2020 at 5:00 pm
@Willem van Rees Shame you can only accept cherry-picked facts.
Boost Junkie
November 14, 2020 at 3:41 pm
It so hard to hear a bunch of tired excuses for failures……
Ken Colontonio
November 14, 2020 at 3:58 pm
It comes down to education. Blacks have as many, if not more (affirmative action) opportunities as whites.
There was just a black President for eight years. The highest office in the land held by a black man. So, this “wealth gap” no longer exists. Nor does systemic racism. Need proof?
Blacks dominate the professional athelete world, which is extremely high paying. There are black CEO’s , small business owners, doctors and lawyers, just to mention a few.
That’s one of the things that is so great about America. There is equal opportunity for anyone and everyone.
And as far as reparations for blacks; not ONE black person alive today had ever been a slave and there is not ONE white person alive today that had owned a slave. So, you don’t ask a group that never committed acts against another group, that suffered NO damages, to pay them for something their ancestors may or may NOT have done.
I completely disagree with this videos host. Education IS the key difference between those who have and those who don’t have. I do agree that access to credit is critical. But creditors don’t look at what color you are. They look at your income, credit history, etc.
This video is almost completely off base. Education is the answer. It sounds like this host wants everything “given” to black people, simply because they are black. That’s NOT how capitalism work. There is no “gap”.
keytoanewera
November 14, 2020 at 5:38 pm
I am saddened to see the choice of stupidity by many people in this comment section. She just said black people were kept from earning wealth over 400 years and you all are saying it’s black folks fault? Did we enslave ourselves? Redline ourselves? Steal from ourselves? Please seek to understand and check your implicit bias at the door.
Carmen Shie
November 14, 2020 at 9:39 pm
Aquí está tu comentario en Español
adriano marins
November 14, 2020 at 10:35 pm
I think that historically whites have had advantages, however today color should not be considered as the sole criterion. There are poor communities of all colors and these always receive less investment, whether in health, education and infrastructure, etc. This gap is not exclusively related to color, if color were the main criterion today, we would not have rich blacks or poor whites. The problem goes far beyond color.
Max Huber
November 14, 2020 at 11:53 pm
I certainly would like to hear a black person talk without bringing up the civil war.
Min M McMurrian
November 15, 2020 at 10:08 am
You can not agree with her if you haven’t lived it. Everything that she is saying is the true.
SvM Was The Sheet
November 15, 2020 at 6:40 pm
Terrible argument. I have never been stabbed to death but I can agree it’s a terrible thing.
Haji84
November 15, 2020 at 1:27 pm
whats wrong with those who downvoted i thought her explanation was legit
Amachtinger
November 15, 2020 at 3:16 pm
How about we try this? Go to school, learn a skill or trade, work hard, get a job, and be fiscally and socially responsible. Stop asking for handouts. It’s insulting to your race to assume that a formula that has worked for everyone for over 250 years didn’t work for you. Slavery ended over 150 years ago and still you’re mentioning it as if it’s the main reason for wealth gap. At what point do you take personal responsibility.
M P
November 15, 2020 at 5:19 pm
Education is important; more specifically, FINANCIAL education that is often ignored in high schools and colleges.
Hannelore B
November 15, 2020 at 5:45 pm
Thank you for teaching me Kedra Newsom Reeves. I claim not to be a racist white person. This video showed me just how engrained my bias is, I am a product of my environment. I found myself not wanting to watch this, getting slightly uncomfortable, and even wanting to switch to a Tedtalk about a “safe topic”. It’s important to shut up and listen to the facts, to understand the struggle. “managing $17,000 better won’t make a difference” hit hard. Here in TX we all pat ourselves on the back for waving to our black neighbors, for encouraging black owned businesses – but words of encouragement only go so far. To affect positive progress when it comes to systemic racism, signs in the street raise awareness, but changing the system is the only actual solution.
Gaasuba Meskhenet
November 15, 2020 at 10:16 pm
No more lords. Property hoarding isn’t a job
Dani Desi
November 15, 2020 at 11:41 pm
hey pal you just blow in from stupid town
Just Sophia
November 16, 2020 at 3:00 pm
It would be interesting to hear the thoughts behind the 1k reasons for a 👎🏾 to this talk.
Skye
November 17, 2020 at 10:30 am
Because it’s pushing a political agenda that pushes for inequality, read what the other comments are saying and stop being ignorant
Just Sophia
November 17, 2020 at 1:31 pm
@Skye I’m assuming that, in all your political acumen, you were one of those who gave a thumbs down. Therefore, I’d like to hear your well thought-out response, rather than a personal attack that serves to betray your lack of understanding and want of heart.
Skye
November 17, 2020 at 2:41 pm
@Just Sophia stop talking like an anime character and do you own research, I’m not gonna waste my time explaining why an evil organization such as BLM is bad to someone who doesn’t want to hear or understand it
Chloe Amedee
November 16, 2020 at 3:19 pm
There is nothing radical about this. You’re telling me the government paid the slave owners because they LOST a war. But people are upset that the slaves and now the descendants of slaves want compensation for CENTURIES of unpaid work? Make it make sense. Getting an education and a job or opening a business will Never allow black Americans to catch up when it comes to wealth. Income, maybe, but not wealth. Equality is simply not a value in this country.
Jonathan Lee
November 16, 2020 at 3:35 pm
I’m not so sure what to say or think about this. Anyone else here the same too?
sonoki82
November 16, 2020 at 4:22 pm
Immigrants come to the US from the poorest countries on Earth. 90% are not white. They show up with a net worth of $0. Within 2 generations their families have wealth equal to that of other Americans. But somehow, the black American is held back by a grand conspiracy and the only way to help is to give them money. Don’t buy this BS.
Eli Lei
November 17, 2020 at 12:04 am
communism
Diverse Tribe
November 17, 2020 at 5:47 pm
To my people: don’t start at the comments…watch this video in its entirety and then read the comments. Look at how detailed this presentation is with facts and data, then look at how easily it is all dismissed via negative comments. No facts to debate the points made, just bs commentary about pulling yourself up by some imaginary bootstraps. These people will never allow you to be interested in uplifting our group and will always stand in your way of progress. The time has come to stop trying to appease their narratives and work as a real community for collective uplift.
Justin Kincaid
November 18, 2020 at 12:59 pm
Rise up against the government and all will be equal
Kandas
November 18, 2020 at 2:30 pm
Black propaganda
William Velousky
November 18, 2020 at 7:31 pm
I have a few issues with the statistics used in this video. Median 🤨 Really?! It’s obvious why she chose that as opposed to average earnings 🤣 Also, she says that education is not enough but most of the things she discussed touches education! Its financial education, political education, making decisions and voting for leaders on a local scale that have plans to develop your community. If federal and financial institutions have all the programs available, it’s everyone’s responsibility to use those programs.
I don’t have investments nor do I own a business. I’m 32, still in school. I come from a family of trade workers. Trades are not well paid where I live. So I work hard, but even if I don’t earn 171k a year, it doesn’t mean that it’s society’s fault. I’m happy and I don’t want to work 70 hours a week to build a business. It’s a personnal decision and this kind of narrow thinking analyses statistics without considering personnal preferences.
As someone in the comments pointed out, it’s a socio-economics problem, not a racial one. I respect her point of view regarding awareness, but to me this is translated into better education for everyone, regardless of color. Obviously not everyone starts with the same “privileges” wether it be financial, family, speaking two languages, being athletic, etc, but seriously, it has never been easier with a little work to find happiness and wealth.