[inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17
By women and people of color and turn to amass wealth as well as ways to overcome those obstacles. This is about one hour and half. [inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you re
The committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17530. And for black househo
Amass wealth and raised to help overcome those obstacles it. This is about an hour and a half law. The committee will come to order. I know its that all shall be present. Without objections the committee has authorized to declare a recess at the committee at any time without objection, they will accept the full committee on the subcommittee are authorized to participate in todays hearing. The committee is meeting today, pursuant to notice the testimony on examining the racial engender and wealth gap. I now recognize myself four minutes to give an opening statement. Todays hearing is rendered allround a subcommittee exists and the racial and wealth gap is real and acceptable and actually much larger than people think it could be get total access the cash retirement now or youre home and then subtracting abilities such as Credit Card Debt, student loans, mortgage to reach your net worth. But according to the United States in borough, the net worth of white households was 130,000 and 800
Im really glad weve got such a great panel and what i think will be an interesting discussion for you today. So, im going to introduce our panelists and moderators starting on the far right over here which is purely a positional statement with nick aberstaff the henry went chair in political economy here where he writes extensively on economic development. He also has a thing or two to say about north korea sometimes. Hes served as consultant. He was awarded the bradley prize. Next to him is Phillip Cohen who is the professional of sociology. He has a long standing interest in gender and family change. In addition hes maintained strong interest in measurement issues in house hold and Family Structure. Phil, welcome to aei. And limen stone, he blogs about migration, population dynamics, and regional economics at his blog in a state of migration. He writes for the big idea and the federalist and wall street wall street and mawall street other things. She compiles and analyzes Public Opin