YT Wednesday: The Black Tax: Cost of Being a Black American by Shawn Rochester was given at: Talks at Google. This is our documentary of the week.
CEO of Good Steward LLC, Financial Coach, and Author Shawn D. Rochester discusses his new book, “The Black Tax: The Cost of Being Black in America”. He examines the various costs associated with being Black in America. What the Black community and concerned advocates can do to help close the wealth gap. Get the book here: https://blacktaxed.com/
The impact of conscious unconscious, systematic, institutional bias on wealth accumulation
Research shows that there are significant financial hurdles that Black Americans face. And these are due to the unconscious, systematic, institutional bias against them. These head winds make wealth accumulation extremely difficult. They have been rigorously documented by numerous researchers from the country’s leading institutions. Also they can be particularly difficult on the members of the Black Middle Class.
Additional References:
- Suggested Reading on Race & Economics by Shawn D Rochester Author of The Black Tax: The Cost of Being Black in America
- The Cost Of The Destruction Of Black Wall Street Is Up To $60 Billion In Today’s Dollars
- Racism has cost Black Americans $70 trillion since the start of slavery — here’s how that cost breaks down
- Racism has cost the US economy $16 trillion in the last 20 years — and will keep costing the country money if things don’t change
