Sep 24, 2017
What is wealth, and why is talking about it so difficult? Our second episode covers the difference between wealth and riches, barriers to discussing and building wealth, and some ways to save and invest in light of these obstacles.
As mentioned at the end of the show, we want to hear from you: (how) are you working on building wealth? What has worked? What hasn’t? Do you have any wealth-building questions? If so, ask us on Twitter (@HeywardCPA) or Facebook (facebook.com/heywardcpa)
Mentioned on the show
*Note: on the show, we said that, with a median wealth of zero, 50% of Black or Latinx people would have 0 wealth and %50 would be in debt. Correction: 50% of Black or Latinx people would be in debt or have zero wealth, and the other 50% would have $1.00 or more in wealth.
^This article lacks information about the relative wealth of Asian Americans, Native Americans, or other groups. While useful for visualizing systemic economic inequality, the picture it paints does not describe all of the specific effects of systemic inequality because it does not contain data on all of those affected.