As we talk about the racial wealth gap it’s critical to highlight the importance of owning appreciating assets. At the end of 2020, 44% of Black Americans owned their homes, according to the U.S. Census Bureau, compared with almost 75% of White Americans. That difference materially undermines both family wealth creation and prospects for inclusive prosperity. While not the only way, but certainly one of the surest ways to build generational wealth is through ownership of appreciating assets like land, a home, or even commercial property.
Today we are joined by someone who’s making it happen. As CEO of Chicago Trend, Lyneir Richardson is creating new ownership opportunities within majority communities of color, empowering inclusive ownership and strategic retail to drive neighborhood transformation.
Moving the Needle is hosted by Christopher Gergen & Johnathan Holifield, and is produced by Earfluence.
If you like our podcast, you'll also like our books:
- The Future Economy and Inclusive Competitiveness: How Demographic Trends and Innovation Can Create Economic Prosperity for All Americans, by Johnathan Holifield
- Life Entrepreneurs: Ordinary People Creating Extraordinary Lives, by Christopher Gergen and Gregg Vanourek
Thank you to our sponsors:
- Live Oak Bank is on a mission to be America's small business bank and has the privilege of helping thousands of passionate, driven entrepreneurs turn their dreams into reality. These small business owners aren’t in it for the fortune or the fame. They’re in it to make a difference, just like Live Oak.
- SHRM has created better workplaces by supporting diversity, equity and inclusion throughout the world of work and society. It’s why they developed the Together Forward@ Work initiative to drive racial inequity out of the workplace. It’s why SHRM made a capital commitment to support minority-owned business enterprises.
If you like our podcast, you'll also like our books:
- The Future Economy and Inclusive Competitiveness: How Demographic Trends and Innovation Can Create Economic Prosperity for All Americans, by Johnathan Holifield
- Life Entrepreneurs: Ordinary People Creating Extraordinary Lives, by Christopher Gergen and Gregg Vanourek
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