C9: Addressing the Racial Wealth Gap
December 5, 20179:45 am - 11:00 am
Michael Fröhlich; Soneyet Muhammad
Median wealth for a white family is twelve times higher than median black wealth. And the equity that a family has in their home makes up about two-thirds of their wealth. This session will discuss the roots of this racial wealth gap and its significance today. We will also discuss strategies to address this gap by expanding homeownership among African American and Latinx families and countering threats to building intergenerational wealth among families of color.
Moderator & Speaker: Michael Froehlich, Managing Attorney, Homeownership & Consumer Rights Unit, Community Legal Services
Speaker: Soneyet Muhammad, Director of Community Engagement, Clarifi.