Celebrating Black in Tech: Personal Finances & The Racial Wealth Divide | Toronto
About this event
We’re taught that America is the land of opportunity, and that’s true. Govt backed entitlement programs built our middle class and helped families grow their wealth. Unfortunately, these opportunities were handed out to a select few at the expense of others. Historically, the lines have been drawn based on race.
It will take 228 years for the average Black family to catch up to the wealth of an average White family today, and that’s only if conditions improve immediately. The current trajectory has Black families averaging $0 in wealth by 2053.
Institutional racism was an economic decision, and one that continues to harm all of us, regardless of ethnicity. This workshop will show you how your personal finances are affected and what action you can take to create generational wealth for you and your community.
Takeaways
- the historical policies and events that led up to the current racial wealth inequality
- how commonly accepted wealth building tools like higher education, homeownership, and entrepreneurship are affected by the racial wealth divide
- how to break away from the personal responsibility/“bootstraps” narrative that keeps POC from questioning systemic economic oppressions
- how to unpack your own financial and family history in the context of the racial wealth divide
- how to approach your finances to create stability, freedom, and generational wealth using the existing systems to your advantage
Prereqs & Preparation
None
