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The US has a recent history of racial discrimination that prevented a lot of people from building wealth in their communities or generational wealth. Not that t
by burnished 5y ago
The US has a recent history of racial discrimination that prevented a lot of people from building wealth in their communities or generational wealth. Not that there aren't a shit ton of white people living in trailer parks, but no one was denying them home loans because of the color of their skin.
So, if owning your own home is a big part of your wealth over a life time, and your parents and their parents were discriminated against and prevented from accessing those mechanisms, it makes it much less likely that you will today be born in a wealthy or a poor family.
Look up redlining on wikipedia if you want specifics.
- tomp 5y agoSure but here we're talking about LGBT. I include women because of this: > I anecdotally recall studies that found organizations with greater diversity deliver better financial results AFAIK most of these studies focused on "women in boardrooms/leadership"
- burnished 5y agoHmmm, fair enough, I suppose I simply failed my reading comprehension roll.