Robert F. Smith, Chairman & CEO of Vista Equity Partners, in a conversation with Dr. Maya Rockeymoore, President & CEO of the Center for Global Policy Solutions, on The Power of Opportunity. The two discuss how people of color are restricted from certain spaces and opportunities tied to wealth creation, which contributes to the racial wealth gap. For more information on the 2015 Color of Wealth Summit in Washington, DC, visit our website: http://globalpolicysolutions.org/2015colorofwealthsummit/
For every dollar in wealth held by the typical white family in 2011, the typical Latino and African-American families only own six and five cents respectively. Lost in the conversation about inequality in America has been the fact that racial and ethnic wealth inequality is more stark, has a devastating impact on households of color, and, if left unchecked, will have profound implications for the U.S. economy as the nation’s demographics shift over the next few decades.
The summit seeks to engage Members of Congress, Congressional staff, the media, and the public in a dialogue about the racial wealth gap, its effect on marginalized households, its impact on the U.S. economy, and solutions for closing the gap.
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