An Asset Becomes a Liability
Update: 2021-03-11
Description
In the season three premiere of The Pay Check, we're switching gears. For the next eight weeks, we'll be looking at the racial wealth gap in the U.S. Why Black people, who make up around 13% of the population, hold just 3.8% of all the wealth in the richest nation in the world. This episode, we'll be exploring what wealth is, why it matters, and how you get it. Co-host Jackie Simmons explores the wealth gap through her family's attempt to hold onto land in a small town in Texas. Then, retail reporter Jordyn Holman, looks at how the gap plays out in a Black mecca.
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