NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

The wealth disparities between families in different racial and ethnic groups are long-standing and substantial. Now, they have also become an urgent topic in our cultural conversation. According to the latest research from the Federal Reserve, the average White household earns twice as much as the average Black household and its net worth is eight times as high.

In the wake of George Floyd’s murder, corporations have made unprecedented commitments to racial justice and pledged billions to narrowing the racial wealth gap. Yet the path to transformational change must balance action by powerful stakeholders with a bottom-up approach. In order to build greater wealth, Black individuals and communities need solutions that give them greater agency, mobility, and empowerment.

Join the Financial Health Network for a rare and raw conversation with the founding team at Stackwell Capital, who are working to empower the Black community to create generational wealth through investing technologies. Through their insights, you and colleagues from across the finhealth landscape will learn about:

• Social, emotional, and cultural barriers that stand in the way of long-term wealth-building behaviors.
• What it will take to create meaningful change for Black families.
• Product insights and effective marketing tactics to improve the financial health of underrepresented communities.
• Early partnerships to facilitate community engagement among local Black communities.

“Wealth is oftentimes built patiently, and it’s something that can be built by anybody, regardless of where you come from.”

— Trevor Rozier-Byrd, Founder & CEO

Time: 1:00 PM – 2:00 ET