By Pierre Clark The talk in Chicago about increasing economic opportunity for African-Americans in Chicago and around the country rings hollow in the face of a report from the Chicago Community Trust that Black families in Chicago have a median net worth of $0 dollars while white families in contrast have a median net worth of $210,000.
A report from McKinsey and Company and reports from the Pew Foundation indicate that it might take hundreds of years - 228 years, according to one report - to address and fix the disparities. Most of us living now will have been dead and gone for 9-10 generations by that point in time.
What can be done now and in the immediate future about addressing and reversing these depressing findings? And as reports also say the GNP of African American community is over $1 trillion, how can the net worth of those same families in Chicago be $0? And how can we start capturing and recapturing that wealth?