When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States’ total wealth. More than 150 years later, that number has barely budged. According to a new book by Mehrsa Baradaran,The Color of Money, this absence of wealth isn't just a failure to atone for oppression imposed by slavery and Jim Crow — it's the product of contemporary acts to maintain their legacies.
Today, the racial wealth gap persists in building wealth for those who already have it and sowing debt among those who don't.
Please join New America NYC and the NYU McSilver Institute for Poverty Policy and Research for a conversation Friday, October 6, at 6:30 p.m. at NYU Global Spiritual Life Center (238 Thompson St., 5th Floor, New York, N.Y.) with legal, business, and racial equity leaders on the fight for economic justice and how to pioneer strategies for reforming how government works — and who it serves. Register to attend.
- New York City Comptroller, Scott M. Stringer
- University of Georgia School of Law associate professor Mehrsa Baradaran, author of The Color of Money: Black Banks and the Racial Wealth Gap
- New York State Assemblymember, Clyde Vanel;
- Blondel Pinnock, SVP and chief lending officer, Carver Federal Savings Bank;
- Anne Stuhldreher, director of financial justice, City and County of San Francisco;
- Dr. Michael A. Lindsey, Director, McSilver Institute for Poverty Policy and Research;
- and Elana Broitman, Director, New America NYC
Seating is available on a first-come, first-served basis, and photo ID is required for entry. Follow the conversation online using #ColorofMoney and by following @NYUMcSilver and @NewAmericaNYC on Twitter.