The Race and Wealth Podcast Network

How many of us really love our bank? It feels like an entity that we have to do business with but always begrudgingly and always with a hint of how are they going to screw me over this time? In this episode we talk about this history of banking and how it got to be this way through various acts of deregulation and how we can ask our banks to do better.

In our monthly Preach episode with Dedrick Asante Muhammed  we talk about what policies, Art, and media need to get put in place to close to racial wealth divide in a generation. It’s not cheap, it’s not easy, and it’s going to take a huge mental, emotional, and economic shift in thinking from private wealth to public wealth.

The virtual economy has been growing rapidly for the last decade and our virtual lives have only increased with covid. But as the virtual economy flourishes, who gets left behind? One click shopping with two days shipping makes it easy to ignore low wages and poor conditions. Will new opportunities widen the racial wealth divide or is there something different we can do this time? Catch us with Dedrick Asante Muhammad @bridgingtheracialwealthdivide on Friday at 2pm ET for our weekly Preach to the Choir podcast series, where we examine how art and media perpetuate the racial wealth divide. #systemicchange #blackeconomicpower #systemicracism #financialliteracy #financialfreedom

Yes, you have an estate and estate planning is how you create generational wealth. Join us on Friday with Jala Eaton, Esq. @onmyownfinancial on how to start thinking about putting together your estate plan. Estate planning doesn’t just come into play when you die, there’s also plenty of things to consider while you’re alive. We’ll talk about wills, powers of attorney, health care proxies, beneficiary designations, transfers on death, trusts, probate court, and how this all fits into protecting the wealth you’ve built and passing it onto the next generation.

In this episode we talk about reparations with Dedrick Asante-Muhammad.  What are reparations?  Reparations have taken on a lot of different shapes, in a lot of different places.  It really does get to this idea of repairing something of a social wrong and usually with an economic focus.  A huge component of reparations has to be how do we redistribute those races sources to get past that inequality that we've had for centuries. It really explains racial wealth divide.  We need reparations to help us get past the racial wealth divide, which isn't on the path of closing. It's real.

In this episode we talk about housing as a human right, the issues with current housing and how we got here with Dominique Walker from Moms For Housing and Tara Raghuveer from Peoples Actions.

This episode touches on how LGBTQ elders deal with the issues of racial wealth divide and what are some systems in place to help them.

This week we interrupt our regularly scheduled programming to bring you a show on how to really put your money where your mouth is and align your spending with your values, not just your personal values but your community values too.

Today we're going to be talking about a report that is going to be coming out next week. And it's something that has been a part of this country since its inception. White supremacy and white supremacy as a pre-existing condition.  

This interview was originally thought of when unemployment was down at like record level lows for African Americans around 6% which is still recessionary level for white Americans but record level low for African Americans. We wanted to have a conversation with who I've heard called the dean and money pioneer around financial education for African Americans Saundra Davis.  

Imagine an America free of urban gun violence. Host Angela Glover Blackwell speaks with Devone Boggan, CEO of Advance Peace in Richmond, California, a visionary program that offers young men with a history of gun offenses life-changing opportunities to work as community peacemakers. In this episode, the season one finale, we also hear from James Houston, who served 18 years in prison for shooting and killing a man. Houston is now a change agent in Richmond — and proof that investment in people, not in more police, can end the devastating cycle of neighborhood violence.

Our first IG Live! Today we're talking about how the CARES Act wasn't made for us, as usual, but what you can do within it anyway. https://brunchandbudget.buzzsprout.com/1073209/3674233-b-b222-exposing-loopholes-in-the-cares-act-your-ig-live-questions-answered for transcript

PREACH EP 10: How COVID19 is affecting communities of Color by The Race & Wealth Team on how to close the racial wealth divide through art, media, policy, literacy, and action

FHRJ Ep 6: An interview with Chuck Collins, author of Born on Third Base by The Race & Wealth Team on how to close the racial wealth divide through art, media, policy, literacy, and action

Our first of a number of episodes on COVID19 and the racial wealth divide, our first impressions on how Black and Latinx communities are affected, how to navigate the stimulus package, how have artists like Dyalekt been affected, small businesses like Brunch & Budget, and why neoliberalism won't save us.

A federal job guarantee is an old idea making its way back this election cycle. It’s controversial and considered radical—but what makes more sense than making sure that everyone who needs a job can get one? A job guarantee would bring financial stability to millions of families. And it would put people to work doing things the nation needs, such as building affordable housing and caring for children. In this episode, Angela Glover Blackwell explores the tantalizing possibilities—and the feasibility—of a federal job guarantee with one of its leading advocates, Darrick Hamilton, Executive Director of the Kirwan Institute for the Study of Race and Ethnicity at the Ohio State University.

In part two of How the Racial Wealth Divide Affects Your Wallet Pamela and Dyalekt continue the conversation on how the racial wealth divide affects your wallet, financial resilience and the policies that have led to the racial wealth divide and dive deeper into how those policies actually were perpetuated by art media and culture.Music in this Episode:Chicken & Watermelon feat JAMPoet by PRODUXFOOLERY [PROD. BY TOM] by Uncle Tom, and AssociatesWho Will? by Phynite

This is the Preach to the Choir podcast where we explore how culture affects the racial wealth divide and vice versa recorded live at Greenhouse Studios with your hosts Deidrick Asante Muhammad Chief of race, wealth, community at NCRC, Pamela Capalad CFP and owner of Brunch and Budget, and Dyalekt Director of Pedagogy at Pockets Change. Pam: Can billionaires save us? Can they save you? We'll find out. We wanted to talk about this in particular because we already talked about the presidential candidates and what their stance was on the racial wealth divide. Now we have Bloomberg and Steyer both on the ticket two billionaires and they are spending a ton of ad money trying to appeal to the black and Latinx community in particular.

Rose Ramirez and Mr. Jesse Van Toll a CEO of the National Community Reinvestment Coalition (NCRC) discuss the racial wealth divide, power imbalances and bridging the gap. Rose: Awesome. So, Jesse could you tell us a little bit about NCRC?Jesse: Sure, the National Community Reinvestment Coalition is a membership organization of more than 600 groups around the country who have an economic justice mission and we fulfill that mission by championing fairness in banking housing and in business. Jesse: The racial wealth gap can be understood in a number of ways. I think that you have historic discrimination, you've ongoing discrimination. I really think about it in terms of power. We have an economic system, capitalism, which produces more wealth than any other system we've ever known but it doesn't distribute it equally. And if you think about the theory of capitalism this notion that Adam Smith had that when two parties engage in a transaction, you know, it's mutually beneficial. Jesse: So when we look at the history of capitalism, we see that power imbalances lead to more power imbalances over time. And so you might think of physical and coercive force as being part of the original power imbalance, but on an ongoing basis, part of what we see today. So thinking about Europeans engaging in the slave trade, right? That was a power imbalance that was physical and coercive. Well it led over time to an accumulation of wealth by slave traders, by people engaging the slave trade, by farmer capitalists in the United States. And that wealth and balanced led to an accumulation of power.Jesse: So we're very focused on this sort of power imbalance that we see wealth inequality is the result of an economic system that many times has been based on coercive power. that this led to wealth accumulation in the hands of the very few and that that in and of itself tends to lead to even more wealth accumulation in the hands of the very few. Both because wealthy people have a lot of political power, they have a lot of economic power. There's a lot of ways in which power gets expressed through our system of economics. I think many people would argue that when you look at rates of incarceration among black people in this country, that that you have sort of a criminalization of poverty that exists to express some physical power in many cases over a certain part of the population and that also impacts people's ability to build wealth, to hold a job, to make an income and in turn to invest in things that might help them secure their wealth assets over time. Jesse: Our theory is that we need significant relationships with a significant number of, in our case our members are community-based organizations around the country. Because we understand that in order to correct things like the racial wealth gap, to work on inequality in this country, it's going to take people making sacrifices. Its going to take people doing hard things to overcome what is an incredibly powerful system of capitalism. Our capitalist economy has produced more wealth than any other system in the history of the world; it just doesn't share it very equally.Rose: What does economic justice mean to you?Jesse: Well economic justice to me is not an act charity. It's not about doing something that makes us feel good. Economic justice is about ensuring that in terms of the systems that we have, the policies that we have, that everybody has an opportunity to provide for themselves and their family. That they don't start life at a disadvantage just because of where they were born, their race, what family they were born into. That people have this kind of opportunity to do well and I don't think we have that kind of system.