The New Black Wealth Formula

Welcome to the Finance Rebel show! In today's episode, host Camari Ellis is joined by special guests, Jimmy William from Buy The Hood and Lawrence Gonzales from the Financial Griot. 🎙️ Prepare to dive into a groundbreaking study on the Black-white wealth gap in the U.S. that reveals some eye-opening insights. This research, conducted by Princeton's Ellora Derenoncourt and the University of Bonn's Chi Hyun Kim, Moritz Kuhn, and Moritz Schularick, has brought previously unavailable data on Black wealth from the time of Emancipation to the present day. 📊 The study's findings are astonishing, showing that progress in closing the wealth gap has nearly halted since the 1950s, and there are concerning indications that inequality is on the rise. 📈 Join us as we break down the study's key findings, discuss the implications, and explore what this means for the future of wealth and equality in the United States. Don't miss this thought-provoking episode! 📚🔍