Our journey starts with a wake up call on racial equity.
In a report published in 2011, the Pew Research Center got our attention with a report studying the wealth gaps between Whites, Blacks and Hispanics. Twenty-to-One it was called.
Worth noting is not only the big discrepancies in overall wealth of both Hispanics and Blacks when compared to Whites (5.6% and 5.0% respectively) but the impact the financial crisis had on their wealth. A loss of 66% and 53% for Hispanics and Blacks, while -16% for Whites.
Reasons can be traced not only to lack of financial education, but also to the fact that Blacks and Hispanics are targeted by abusive lenders and predatory practices.