About this episode

Dr. Wes Bellamy joins Anthony O’Neal to discuss the financial crisis facing Black America, focusing on unemployment, education, savings, and homeownership.

Black America is facing a financial crisis that goes far beyond income. Dr. Wes Bellamy joins Anthony O’Neal to unpack the troubling data surrounding Black unemployment, education, savings, earnings and homeownership. With the median savings for Black men sitting at just $2,200, one emergency could wipe out everything. Anthony and Dr. Bellamy discuss why Black men and women need each other financially, what is driving young Black men away from education and employment, and how discipline, strategy and ownership can create a different future. They also confront the online narratives discouraging homeownership and explain why protecting assets, increasing earning power and building together are essential to creating financial freedom for the next generation. Download and read Dr. Wes Bellamy’s report: The Economic State of Black Men and Boys in the United States KEY POINTS 00:00 Introduction 03:07 The Unemployment, Education and Financial Statistics That Alarmed Him Most 06:56 Why Black Men and Women Must Work Together to Build Financially Stable Households 08:56 Why $2,200 in Median Savings Is Not Enough to Survive a Real Emergency 13:40 The Declining Presence of Black Men in…

People in this episode

Host: Anthony O’Neal

Guest: Dr. Wes Bellamy

Topics covered

• financial crisis
• Black America
• unemployment
• education
• savings
• homeownership
• financial freedom

Keywords

• Black men
• savings crisis
• financial stability
• homeownership
• economic state
• wealth gap
• education
• employment

Mentioned in this episode

Organizations: The Neatness Network

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