The Crusader Newspaper Group

11 Keys to Eliminating the Racial Wealth Gap

By Phillip Jackson, The Black Star Project

1) Establish A New Economic Mindset, Context and Consciousness for Creating Wealth among Black Families, Schools and Communities
2) Provide a K-16 Skill- and Attitude-Based Education Related to Economics
3) Ensure Decent Wage Paying Employment Opportunities
4) Create a Household Personal Savings Plan
5) Create a Credit Avoidance/Credit Management Plan
6) Promote Home Ownership As a Wealth Building Strategy
7) Encourage Small Business Development and Entrepreneurship
8) Invest in Stocks, Bonds and Mutual Funds
9) Save the Maximum for Your Retirement Plan
10) Provide Generational Wealth Transfer through Inheritance and Insurance
11) Support Public Policies that Encourage Black Wealth Development, including Reparations and a “Marshall-like Economic Plan”

Median Household Net Worth 1983 – 2013

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Click Here to Listen to the WVON Show on Education and the Racial Wealth Gap

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