Racism, Bias and Economic Inequality Impair the Financial Well-Being of Millions

Racism, Bias and Economic Inequality Impair the Financial Well-Being of Millions

It is intolerable, and frankly immoral, to ignore the outrage, sorrow and torment within our fragmented and unequal society. The epidemic of social and economic injustice persists as our country’s attempts to halt prejudice and build inclusivity have fundamentally failed. The inequity is evident in innumerable aspects of our society, most clearly demonstrated by the racial wealth gap that has endured for generations. Anger is justified. No longer can shortsighted, mute or indifferent actions be used as a way to react to the equity struggle that Black and Latinx Americans face. Racism is a reality. It is not a buzzword or political term. It is very real and very present.

Billy J. Hensley, Ph.D., President and CEO National Endowment for Financial Education addresses this issue in more detail on the NEFE website.