“White Americans hold, on average, almost $1 million in family wealth compared with an average of just $143,000 for Black American families—less than 15 percent of white families’ totals。 The size of this gap was largely the same in 1968, just as some of the civil rights era’s landmark antidiscrimination laws were going into effect。…Most notably, in the years just after the 2008 financial crisis, Black families’ fortunes shrank by 50% while those of white families stopped shrinking and stabilize “White Americans hold, on average, almost $1 million in family wealth compared with an average of just $143,000 for Black American families—less than 15 percent of white families’ totals。 The size of this gap was largely the same in 1968, just as some of the civil rights era’s landmark antidiscrimination laws were going into effect。…Most notably, in the years just after the 2008 financial crisis, Black families’ fortunes shrank by 50% while those of white families stopped shrinking and stabilized after a 30% drop。”The intense rage that I felt while reading this book is still burning fire within me。 I am a white woman who lives in a major American city and I’ve never been redlined。 I’ve never been denied access to my bank accounts, my money, investment funds, etc。 because of my race。 I have never had the police called on me because I have never had to be upset that a bank or investment firm has asked me to leave whether as an employee or a customer。 And yet it happens to Black people all the time as hurdles are consistently being put in front of them。 Flitter shows damning evidence that racism is alive and well in the financial system。 The White Wall makes an excellent case for why reparations are needed。 White people have built this system for the good of our own。 It should be up to us to dismantle and rebuild it for the equality and equity of all people。 This book is not going to be popular among those in the financial sector but it is sorely needed as another detailed point of view to the largely secretive nature of the financial world。 Thank you to @netgalley and @atriabooks for this eARC。 The White Wall is out now。 。。。more
Vanessa,
“White Americans hold, on average, almost $1 million in family wealth compared with an average of just $143,000 for Black American families—less than 15 percent of white families’ totals。 The size of this gap was largely the same in 1968, just as some of the civil rights era’s landmark antidiscrimination laws were going into effect。…Most notably, in the years just after the 2008 financial crisis, Black families’ fortunes shrank by 50% while those of white families stopped shrinking and stabilize “White Americans hold, on average, almost $1 million in family wealth compared with an average of just $143,000 for Black American families—less than 15 percent of white families’ totals。 The size of this gap was largely the same in 1968, just as some of the civil rights era’s landmark antidiscrimination laws were going into effect。…Most notably, in the years just after the 2008 financial crisis, Black families’ fortunes shrank by 50% while those of white families stopped shrinking and stabilized after a 30% drop。”The intense rage that I felt while reading this book is still burning fire within me。 I am a white woman who lives in a major American city and I’ve never been redlined。 I’ve never been denied access to my bank accounts, my money, investment funds, etc。 because of my race。 I have never had the police called on me because I have never had to be upset that a bank or investment firm has asked me to leave whether as an employee or a customer。 And yet it happens to Black people all the time as hurdles are consistently being put in front of them。 Flitter shows damning evidence that racism is alive and well in the financial system。 The White Wall makes an excellent case for why reparations are needed。 White people have built this system for the good of our own。 It should be up to us to dismantle and rebuild it for the equality and equity of all people。 This book is not going to be popular among those in the financial sector but it is sorely needed as another detailed point of view to the largely secretive nature of the financial world。 Thank you to @netgalley and @atriabooks for this eARC。 The White Wall is out now。 。。。more
Eleanor With Cats,
I knew very little about this subject before reading this book。 It's a really quick read, and really interesting (as well as infuriating due to what's happening)。 I've also come out more in favor of reparations than before。 Also, I had never heard of the idea of including certain corporations in reparations before, but the author makes a very good case for it。 Disclaimer: I read a digital review copy provided by the publisher。 I knew very little about this subject before reading this book。 It's a really quick read, and really interesting (as well as infuriating due to what's happening)。 I've also come out more in favor of reparations than before。 Also, I had never heard of the idea of including certain corporations in reparations before, but the author makes a very good case for it。 Disclaimer: I read a digital review copy provided by the publisher。 。。。more