Fri 1/13 @ 11:30PM
It’s no secret that the U.S. financial system has long been loaded with pitfalls for people of color. The G.I. bill that created the middle class of the 50s didn’t benefit Black soldiers who fought in World War II. Redlining and blockbusting kept them from creating the same homeowner value white people enjoyed. We’ve seen stories in the news about Black home sellers who remove all evidence that the home is Black-owned and have a white person stand in for them getting offers tens of thousands of dollars higher for their homes. Financial services cost Black people more than a white person with the same income history and credit score. It’s a large part of the reason why the net worth of Black families is so much less than similar white families and why generational wealth benefits them so much less.
Emily Flitter is a reporter for The New York Times who covers banking and financial institutions. She has a new book out called The White Wall: How Big Finance Bankrupts Black America, in which she shows what racism has cost Black people in hard fininacial terms.
She’ll in conversation at the City Club on “How Big Finance Bankrupts Black America” with Cleveland NAACP president and founder/CEO of We Win Strategies Group Danielle L. Sydnor. She’ll also be signing her book following the forum; ThirdSpace Reading Room will be on site selling the book.
The forum is also livestreamed starting at noon. If you have questions, you can text 330-541-5794 or tweet @TheCityClub.
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