Encore: How you can shrink the wealth gap. Now. | Kedra Newsom Reeves
TED Business
00:00
Silas, My Great Grandfather, Was a Soldier and Served in World War One
My great grandfather, silas, was born a number of years after the end of slavery. He served in world war one along with 350 thousand other black american soldiers and segregated units. When he came back to the united states at the end of the war, there was a very anti black sentiment. So he really had no wealth. He became a share cropper. My father, another soldier, bought his first home in his early fifties. But it took four generations for our family to move into home ownership and begin to build ownership in equity in a home. We have to be clear, managing 17 thousands dollars better does not get us there. Access to credit and capital are
Transcript
Play full episode
