Why Wealth Building Won't Work

How Court Debt Widens the Racial Wealth Gap ● The Long Road to Recovery From Medical Debt ● The Role Student Debt Plays in the Wealth Gap ● And More

WEDNESDAY, FEB. 16 Our Series Continues Asset-building for households of color will not close the racial wealth gap if we don't change the practices that are disproportionately extracting wealth from those same households. In this second week of our series, we call out some of those extractive systems and practices—a dual financial system, legal system debt, medical debt, and student loan debt. Next week we'll look at some attempts to make capital more accessible to communities and businesses of color. THE RACIAL WEALTH GAP Wealth Building Won’t Work While Wealth Extraction Continues By Jeremie Greer, Liberation in a Generation Typical approaches to closing the racial wealth gap focus on ways to help Black households build wealth. But for that to stick, we must also stop siphoning their wealth away. READ MORE How Court Debt Widens the Racial Wealth Gap By Minhae Shim Roth, Shelterforce Debt related to justice-system involvement falls most heavily on overpoliced communities, extracting wealth and preventing the building of more. READ MORE The Long Road to Recovery From Medical Debt By Nicole Martinez, Shelterforce Disproportionate amounts of medical debt contribute to the racial wealth gap. What can be done? READ MORE The Role Student Debt Plays in the Wealth Gap By Brandon Duong, Shelterforce What explains the disparity in Black and white student debt, and what can we do to address the student debt crisis and the racial wealth gap? READ MORE Enjoying our latest series? Consider becoming a Shelterforce supporter so we can continue doing this important work. Become a Supporter ‌ ‌ ‌ ‌

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