The Trillion Dollar Power of The Black Dollar and America’s Racial Wealth Gap.

The wealth of Black people in America and the gap between other racial groups has been well documented, but that doesn’t mean Black folks don’t have any money to spend. Even though the racial wealth gap is actually widening, the black dollar accounts for over 1 Trillion dollars a year in spending.

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⏳ TIMESTAMPS:
0:00-2:35: Intro
2:35- 3:59:The black dollar
3:59- 6:39: Money Circulation
6:39-7:09: Buying power
7:09- 9:06: Buying black
9:06- 9:54: Why Black businesses are declining
9:55- 11:05: Black lineage
11:05- 11:28: Black Banks
11:28- 13:57: Life insurance
13:57- 15:53: Pushing the black dollar
15:54- 16:28: Outro

Money circulates one time in the African American community, six times in the Latino community, and nine times in the Asian community. In white neighborhoods, money circulates nearly an unlimited number of times.

Let’s Educate ourselves to own businesses and create equity in our own community.

#business #blackdollar #blacklifematters

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