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13 Game Changing Strategies That Will Close The Wealth Gap

Finance & Law

13 Game Changing Strategies That Will Close The Wealth Gap

Summary

Economic Community Empowerment eBook introduces 13 game changing strategies to community leaders, counselors and advisors that are proven to deliver financial well-being for working class and low-income urban individuals.

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Economic Community Empowerment eBook introduces 13 game changing strategies to community leaders, counselors and advisors that are proven to deliver financial well-being for working class and low-income urban individuals, families, small business owners and the community itself.

The gap between America's middle class and the wealthy is the widest in US history. That gap continues to widen, creating a growing divide in our communities that is dangerous and deadly, particularly in urban centers.

According to the Pew Charitable Trust, there is a $19 trillion wealth gap in America, 42% of families are affected. If we could help just 1 in 10,000 families which is equal to a  $190,000,000 swing, and we would be barely tipping the scale. 

Most of this gap affects minorities and underserved urban communities who do not have proper access to financial solutions or information. It’s even more pronounced in the African American community, where the median wealth of black households is 15 times less than the median wealth of their white neighbors.

45% of Americans have ZERO or limited savings and that is who low or no interest credit card debt is largely held by. African Americans have the highest poverty rate in the US with a 30.4% poverty rate meaning they must double their income to make ends meet.