Black Wealth Could Hit Zero by 2053: The Truth About The Black Wealth Gap

Why is Black wealth projected to hit zero by 2053? In this episode of The Blessed Code™️, host Melvin Rodriguez sits down with Dr. Reverend Charlie Dates and Ross Mac to uncover the deep-rooted generational trauma that has shaped the Black community’s relationship with money, banks, and investing. From the collapse of the Freedman’s Bank to modern-day underinvestment, they unpack why so many still distrust financial systems — and how that mistrust has left the Black community underbanked, underinvested, and dangerously behind in wealth building. If you’ve ever wondered: Why generational trauma impacts financial decisions today How the Black church can lead economic change Why investing is essential to closing the wealth gap What must happen to secure Black wealth for future generations …this conversation is for you. 💬 Timestamps: 0:00 Introduction 0:15 The history of the Freedman’s Bank and mistrust in banking 0:56 Generational trauma and the Black wealth gap 2:55 Why the Black church must lead economic education 5:18 Building wealth by starting with our youth 📲 Stay connected & follow us: ▶️ The Blessed Code™️ Podcast – @theblessedcode ▶️ Melvin Rodriguez – @themelvinrodriguez▶️ Stay Blessed Studios – @stayblessedstudio🌐 Explore more at Stay Blessed Studio – stayblessedstudio.com 🔥 Don’t forget to LIKE, SHARE & SUBSCRIBE 🔥 If this episode spoke to you, be sure to leave a review, share it with someone who needs to hear it, and subscribe so you never miss an episode. 🔑 The story must be told™️ Stay blessed, stay grounded, and keep unlocking your code. The Blessed Code™️ is produced by EPYC Media Network