Economic inequities: The impact of systemic racism on your finances
People of color—particularly Black people—have been treated unfairly and unequally for generations in the area of personal finance and beyond. Centuries of racism have denied Blacks, Native Americans and many immigrants an equal opportunity to build a solid financial foundation.
Analysts point to the systemic racism that is woven into many of our nation’s institutions as the legacy of our shameful early history of enslaving Africans.
Evidence of entrenched discrimination can be seen in this country’s economic, educational, law enforcement, prison and healthcare systems.