Housing remains out of reach for many Black families in St. Paul despite years of affordable housing programs, as racial wealth gaps, income disparities, and structural barriers continue to limit access to homeownership.
racial wealth gap
Posted inFinances FYI
Estate Planning Basics: Protecting Your Legacy
Estate planning enables members of the Black community who have experienced systemic barriers to generational wealth to protect their legacy and help secure their family’s future. JPMorgan Chase’s seasoned team of wealth managers helps clients understand estate planning basics. They also help clients manage their financial assets to maximize returns, pass them on to future […]
Posted inFinances FYI
How to Build Generational Wealth via Real Estate Investing
Historically, systemic barriers like a lack of equal access to credit for homebuying and a lack of access to home ownership have made it difficult for Black families trying to overcome the racial wealth gap and build generational wealth. JPMorgan Wealth Management provides resources to help Black, Hispanic, Latino, and everyone to “learn about investing […]
Posted inOpinion
One Big Beautiful Bill for the richest Americans
An opinion essay argues the One Big Beautiful Bill Act concentrates wealth, expands the racial wealth gap, and naturalizes inequality by blaming individuals rather than policy choices.
Posted inFinance, Finances FYI
Understanding the Racial Wealth Gap in America
The racial wealth gap United States reaches beyond income to assets and debt. This guide explains the drivers and offers strategies for building and protecting Black wealth.
Posted inFinance
An expert’s guide to a financially fit future
Andre Creighton, a seasoned CFO and financial wellness expert, is advocating for financial literacy within the Black community to bridge the racial wealth gap, by providing actionable strategies and emphasizing the importance of budgeting, debt reduction, credit management, investing, and risk management.
Posted inFinance
Boosting financial wellness starts with financial literacy
Black folks have some catching up to do when it comes to financial literacy, as they score lower than other races and ethnicities on the P-Fin Index, according to a 2023 report.
Posted inNews
The G.I. Bill’s role in wealth inequality
The GI Bill was a driver of the racial wealth gap in the US, as it excluded Black veterans from access to benefits.
Posted inBusiness
Building a more inclusive economy: Q&A with JPMorgan Chase’s Thelma FergusonÂ
JPMorgan Chase is committed to promoting opportunity for all, including through its Racial Equity Commitment.
Posted inNews
Reparations are essential to eliminate the wealth gap between black and white Americans
This racial wealth gap is a result not only of the horrors of slavery but also policies – such as Jim Crow laws, redlining and modern-day mass incarceration – that followed.