How do economic disparities impact our society?
Economic disparities in the United States refer to the vast differences in income, wealth, and economic opportunities that exist among its population. These disparities are rooted in a complex interplay of factors, including historical legacies of racism, systemic inequalities, unequal access to education and healthcare, and disparities in employment opportunities. These disparities have profound social and economic implications. Economic inequality also strains social cohesion and hinders overall economic growth, as it leaves a significant portion of the population with limited access to resources and opportunities. Addressing these disparities is not only a matter of social justice, but it is also vital for building a more equitable and prosperous society where everyone has the chance to thrive, contribute, and participate fully in the nation’s economic success. Learn more about economically disadvantaged groups in this series of videos.
Videos About Economic Desparities in Our Society
Planning for a Diverse and Equitable Future is a video series that discusses issues surrounding racism and offers recommendations to combat inequality provided by the American College of Trust and Estate Counsel (ACTEC).
Economic Inequality in America
A discussion of economic inequality of people of color in the US and actions wealth management professionals can take to promote generational wealth.
Giving from the Heart: Driving Diversity, Equity and Inclusion through Philanthropy
Charitable donation advisors offer suggestions to estate planning professionals for increasing client awareness of diversity, inequity and inclusion causes.
Black Farmers, Land Loss and the Racial Economic Gap
Insight into the inequity of intergenerational wealth of Black American farmers through discriminatory government programs and practices.
40 Acres and a Mule: Reparations and the Estate Tax
An introduction to wealth disparity due to slavery and enacted under Jim Crow, the history of reparations and a possible solution to the wealth gap.
A Proposal to Repair Racial Wealth Disparity
Experts in tax law present their research on racial wealth disparity as well as recommendations for funding and distributing reparations to Black Americans.
Heirs Property and Generational Land Loss
Experts discuss estates that did not clear probate, known as heirs’ property, its impact on people of color, and solutions to correct the issue.
The Fight for Justice, Reparations and Bruce’s Beach
Understand efforts by a pro bono attorney and land-rights activist to return a racially motivated eminent domain property, Bruce’s Beach, to the family’s heirs.