Dietrich joins us now he s with the everybodies a as a institute for policy studies. And a quote from the 2020 federal reserve report on this issue to the racial wealth gap in america. Host: the question how did we get here that the typical white family has eight times the wealth of the typical black family? guest: yeah, i mean, the question is more what did we not do to remain with this great disparity? we ve had this deep wealth and equality in our country since the beginning. The country was founded on racialized wealth and equality where black people, africanamerican people were made the wealth, of whites where nativeamerican and indigenous lands were taken to be utilized this private wealth by a white immigrant. So racial wealth divide is at the foundation of the country and great sadness how little the country has done to abridge this deep inequality. Host: what about the past year? what did the pandemic mean to this issue issue of the racial wealth gap in america? guest: what it
reports. i got to get used to the new name. we begin with breaking news in washington, d.c., where this may day, thousands are on the national mall calling for real action from congress and the white house on immigration reform. julie ainsley is there for us as she has been for the last few hours. julia, talk about the message that you re hearing today from these protesters. what do you know? reporter: well, it s a message of frustration. they want to see more action both from the white house pushing immigration reform and congress to actually take it up and take a vote on it, and we re also hearing from a lot of people who say, look, these are essential workers, and we re talking about 11 million undocumented workers to the united states, they re essential to bringing the united states through the pandemic and now those people need to be given some kind of assurance that they won t be deported under this administration. i ve also been talking to dreamers. in fact, i have
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 today s 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. today s 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 h
[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 today s 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. today s 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 ho
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 today s 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. today s 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 t