The Great Wealth Divide is a weekly podcast series, from WBGO Studios, that presents the challenges and explores solutions to advance racial economic equality for Black and Latinx communities.
The Great Wealth Divide is sponsored by JPMorgan Chase & Co., and hosted by Dale Favors, managing partner of Adaptive Growth Leadership.
Those participating in the weekly podcast are thought leaders and subject experts from the realm of politics, community activism, academics and beyond — individuals working to create new approaches to reduce and ideally end the great wealth divide.
Some of the topics to be explored during the series are:
- Wealth creation and building in Black and Latinx communities
- The impact of housing disparity on racial, financial and educational equality
- Black and Latinx entrepreneurialism, mentoring, access to capital and opportunities
- Underserved and underbanked communities: solutions for a broken system
The JPMorgan Chase Commitment to Advance Racial Economic Equity
JPMorgan Chase is making a global commitment to break down barriers to drive inclusive economic growth all over the world. We believe there is a pressing need to help more people move up the economic ladder. JPMorgan Chase is investing in communities and people to create an economy that works for all because no community should be left behind. We are combining our business and policy expertise, capital and our data to advance four universal pillars of opportunity: careers and skills, business growth and entrepreneurship, financial health and community development. Together, we can all thrive. When more people have a fair shot at opportunity, our economy and communities are stronger.
In October 2020, JPMorgan Chase committed $30 billion over the next five years to advance racial equity. The firm will harness its expertise in business, policy and philanthropy to address the key drivers of the racial wealth divide, reduce systemic racism against Black and Latinx people, and support employees. Structural barriers in the United States have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. The existing racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy. Building on JPMorgan’s existing investments, this new commitment will drive an inclusive economic recovery, support employees and break down barriers of systemic racism.
JPMorgan Chase is harnessing its expertise in business, public policy and philanthropy across four core areas to help tackle racial inequities and provide economic opportunity for Black and Latinx communities by:
o Promoting and expanding affordable housing and homeownership;
o Growing minority-owned businesses;
o Improving financial health; and
o Further supporting our employees and increasing workforce diversity.
Learn more at The Path Forward.
On the fourth episode of The Great Wealth Divide, Gabriela Tejedor and Miguel Martinez-Saenz join host Dale Favors to talk about the crucial role that education plays in financial inequality — and how to address the problem.
How Public Policy and Industry Practices Deepened Housing Disparities for Black and Latinx CommunitiesEpisode 3 of The Great Wealth Divide puts the focus on housing disparities for Black and Latinx communities, including the history of destructive government and real estate industry practices, such as redlining and disinvestment, that negatively affected access to affordable housing and home ownership.
On the second episode of The Great Wealth Divide, we discuss how inadequate access to investment capital, financial education, mentorship, banking, and credit have all contributed to creating a significant disadvantage for Black and Latinx families.
The Great Wealth Divide, from WBGO Studios, is focused on solutions to the systemic racism which has created the extreme wealth divide between Black and Latinx communities and their white counterparts. We’ll be discussing these issues with thought leaders who are stakeholders engaged in the work to build racial economic equity and wealth in order to create better outcomes for Black and Latinx families.