. President Biden pledges to fix the racial wealth gap. Here are his plans. « JO LEE MAGAZINE

CNBC – Just over two weeks into his administration, President Joe Biden has already made it clear he wants to close the racial wealth gap in America, signing four executive orders relating to the issue.

The gap is wide. The median wealth for a white family was $188,200, compared to $24,100 for Black families and $36,100 for Hispanic families, according to the Federal Reserve’s 2019 Survey of Consumer Finances.

“The Covid recession has continued to drive wealth upward to a more concentrated group of Americans,” said Marc Morial, president and CEO of the National Urban League.

Learn about Biden’s plans for compensation, business and education at CNBC.

World on the Run | Jo Lee Magazine




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