{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fthe-financial-griot.simplecast.com%2Fepisodes%2Fblack-spending-crisis-shdNpT51","width":444,"version":"1.0","type":"rich","title":"Blacks in the US Spend $1.6 Trillion while Consumer Prices are Going Up","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/f1153873-62ec-4510-9061-59955f708555/7b39af64-c2fd-44dd-9480-562bffef5273/241430874-351300910058126-6266172948281418481-n.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"","height":200,"description":"Spending for Blacks in the US has gone up to $1.6 Trillion but wages and standards of living are dropping. What gives?\n\nThe Financial Griot podcast crew will discuss how to manage money in a time of uncertainty and how to make a way out of no way in lieu of external circumstances such as systematic oppression and a painful history. or decades and decades, Black consumers have been regularly overlooked by companies that don’t see them as a priority demographic. Black consumers continue to be underserved in areas such as food, housing, healthcare, broadband, and banking.\n\nDuring the last five decades, the Black community has had limited access to building wealth for generations. A closer look at wealth in America reveals staggering racial wealth disparities. Even before the Covid-19 pandemic, the 2019 national Black poverty rate was more than double the white poverty rate in the U.S. (roughly 22% compared to 9%, respectively), as reported by the Kaiser Family Foundation (KFF).\n\n"}