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Black Wealth Headed to Zero in 2053
The Economic Policy Institute reported that 25% of black households have zero or negative net worth. Since so many black families own nothing or are in debt it drags down average wealth for an entire race. Only 10% of white families are that poor. BSBA seeks to address the disproportionate negative impacts of policies on Black wealth, while creating a proactive platform for our members to have a seat at the table before those policies are enacted.