Despite Black Joy, There Are 5 Basic Human Rights Black People Still Don’t Have
A Fair Chance To Succeed
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A chance to leave a legacy and build generational wealth – these are the building blocks of the American dream and the promise of this “free” land. But this country really only keeps that promise to a select few. Access to funding in the form of investment capital and loans is critical to starting a business. But, Forbes reports that Black people are less than half as likely as whites to be approved for a business loan.
Many financial experts say that owning property is the path to generational wealth. However, Black applicants are denied for mortgages at nearly twice the rate that white applicants are. This comes on the heels of decades of racist policies that limited, and at times, even forbade Black people from owning land, aggravating the issue that Black Americans cannot access a wealth-boosting asset like property at nearly the same rate whites do.
