(Muraya) Maina wa Njuguna
The average white family’s net worth stands at about $171,000, a whooping 10 points percent greater than that of a typical black family in the US at $17,150 according to the Brookings as of 2016.
Net worth – the value of ownership of financial or non financial assets (cash, savings, owned properties outright) after taking into account all outstanding liabilities (accounts payable, mortgages, auto loans, other debts).
The impetus of this exercise – CLOSING THE HUMANGOUS WEALTH GAP, will be focused on elements that would help close the gap. These elements include but not limited – education, families, schools, resources etc.
It would however be disingenuous to point out the ‘HOW TO’ without a closer look at ‘HOW IT BECAME’. Feel free to jot down the reasons why.
But first and foremost, the good old question – ‘WHAT DO YOU HAVE IN YOUR HANDS?’ needs to be explored before we can discuss the apparatuses that can help close the gap.
We welcome those in North America and all our followers to engage us as we touch these elements.
(i) What could be improved as individuals and collectively as a community to close the wealth gap?
(ii) What apparatuses and why – e.g. corporations, governments, institutions etc. bear some responsibilities to close this gap?
Any suggestions are most welcome and we encourage each of us to post ideas because this is a group effort.
Note that these principles are applicable in the world. Wherever you hail from, we welcome your input.
The suggestions and thoughts submitted on this forum will be used as the basis of engaging and questioning invited guest(s) to our talk show segment; BRILLIANT TALK.
Let us shape the future we want.
What need to be improved.
1. Mindset- this people need to be told anyone can acquire more wealthy just like anyone else who has it. The difference between the rich and poor is their Mindset.
A Mindset awareness should be done.
2. Community projects should be encouraged. Eg Saccos which can enable communities in such areas to get capital to venture in different businesses.
Government institutions should ensure use of money allocated to such areas for projects is fully accounted for without corruption.
They should also fund SMEs as incentive for them to be on the move even during adverse market fluctuations.
Education and opportunity are key!