Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Celebrity

Bridging the Wealth Gap: Key Leaders Champion Voting To Build Black Economic Power At Essence Fest 2024 – Essence

rmtsa by rmtsa
July 17, 2024
in Celebrity
0
Bridging the Wealth Gap: Key Leaders Champion Voting To Build Black Economic Power At Essence Fest 2024 – Essence
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Some Believe She Was Late For Essence Fest

Meagan Good And Jonathan Majors Launch ‘Honor Culture’

Sen. Ted Cruz Was In Greece When Texas Flood Began

Photo by Arturo Holmes/Getty Images for ESSENCE

In a recent study conducted by the United States Census Bureau, the disproportionate racial wealth gap in America was starkly highlighted. The 2022 median income for white households averaged $285,000, for Asian households, $536,000, while for Black households, it was a mere $44,890. This glaring disparity can be attributed to systemic discrimination, racism and policies aimed at disenfranchising Black Americans.

During this year’s Global Black Economic Forum at ESSENCE Fest, the “Elections & the Black Wealth Legislative Agenda” panel delved into the racial wealth gap and how voting in the upcoming election could foster economic prosperity in the Black community. The panel featured California Congresswoman Maxine Waters, Ohio Congresswoman Joyce Beatty, Nevada Congressman and Chair of the Black Caucus Steven Horsford, and Louisiana Congressman Troy Carter.

The discussion, moderated by veteran journalist Don Lemon, focused on the federal election’s potential to support Black wealth generation in America. To accumulate Black wealth, Congressman Horsford emphasized the need for fundamental changes in the country’s laws to build more equity. Vice President Harris and the Black Caucus are poised to launch an Economic Opportunities Tour to disseminate knowledge and resources directly to the people.

Congresswoman Waters has been a relentless advocate for generating wealth in the Black community through various initiatives, including the passage of a $1.2 trillion infrastructure bill to provide internet service to African American communities and the allocation of $10 billion to the State Small Business Credit Initiative to fund small and minority businesses.

Panelists stressed the importance of continuing the progress made under the Biden and Harris administration, urging the community to vote in the upcoming election. They warned that the gains could be reversed if Biden and Harris are no longer in office.

Diversity, Equity, and Inclusion (DEI) frameworks are crucial in addressing the systemic discrimination contributing to the racial wealth gap. Currently, only 4% of corporate America’s managers are African American. Congresswoman Waters’ support of the Wall Street Reform and Consumer Protection Act and the establishment of the Office of Minority and Women for legislation like the Dodd-Fclusion (OMWI) were significant steps. These efforts ensured that top corporate CEOs and presidents of major financial institutions were held accountable for implementing DEI policies.

“When you have someone like Congresswoman Maxine Waters, who created the OMWI within the Dodd-Frank Act, she started with government first,” said Congresswoman Beatty. “Then, as the first Black woman to chair one of the top four committees in Congress, she had the power and courage to bring in top corporate CEOs. We moved the needle because we had power,” she added.

The panel at ESSENCE Fest underscored the critical role of political engagement and legislative action in bridging the racial wealth gap and advancing economic equity for Black Americans.



Source link

Tags: BlackBridgingBuildChampioneconomicEssencefestGapKeyLeadersPOWERVotingWealth
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Some Believe She Was Late For Essence Fest

by rmtsa
July 9, 2025
0
Some Believe She Was Late For Essence Fest

Lauryn Hill is speaking out after some internet users believed she was late for her recent performance at Essence Fest.RELATED: Pop Out, Then! Lauryn Hill Trends After Performing At...

Read more

Meagan Good And Jonathan Majors Launch ‘Honor Culture’

by rmtsa
July 9, 2025
0
Meagan Good And Jonathan Majors Launch ‘Honor Culture’

Source: Robin L Marshall / Getty Meagan Good and Jonathan Majors aren’t just one of Hollywood’s hottest couples; they’re now fitness and wellness moguls, too. The duo just launched Honor Culture, a...

Read more

Sen. Ted Cruz Was In Greece When Texas Flood Began

by rmtsa
July 9, 2025
0
Sen. Ted Cruz Was In Greece When Texas Flood Began

Here’s a question: Is there anyone on Beyoncé’s green Earth who is as bad at planning an appropriately timed vacation as Sen. Ted Cruz? One would think that,...

Read more

Meet The TV Writer Protecting Patrick Kelly’s Legacy And Black Fashion History – Essence

by rmtsa
July 9, 2025
0
Meet The TV Writer Protecting Patrick Kelly’s Legacy And Black Fashion History – Essence

Robert Calderone Keli Goff may not be on social media, but her camera roll is like its own feed. Her treasure trove of photos includes everything from the...

Read more

Oprah Shuts Down Diddy ‘Freak-Off’ Party Rumors

by rmtsa
July 8, 2025
0
Oprah Shuts Down Diddy ‘Freak-Off’ Party Rumors

Source: Mark Sagliocco Media mogul Oprah Winfrey, 71, set the record straight about rumors (and AI pictures!) that she partied with Diddy while joining Bishop T.D. Jakes at his annual Good Soil Forum in Dallas....

Read more
Next Post
Schumacher Wins Golden Buzzer With Season 19 Audition

Schumacher Wins Golden Buzzer With Season 19 Audition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • ‘Big Bang Theory’ Spinoff Coming to HBO Max
  • The Cast Plays A Game
  • Ariana Madix’s Brother Says Jason Ring Allegation “Not a Rumor”

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In