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Racial Wealth Divide

Race & Wealth Podcast

The Race & Wealth podcast series invites experts to discuss the intersections between race and financial security, explores the latest racial wealth divide news and gives listeners updates about helpful resources for closing racial wealth disparities. If you have ideas for content you'd like to see featured in an upcoming episode, email us at

  • Race, Wealth, Baby Bonds, Universal Income, Federal Job Guarantee, and Darrick Hamilton
    In this episode of Race and Wealth we have one of the leading researchers on race and wealth, Darrick Hamilton. Darrick Hamilton is the director of the doctoral program in public and urban policy, and jointly appointed as an associate professor of economics and urban policy at The Milano School of International Affairs, Management and Urban Policy and the Department of Economics, The New School for Social Research at The New School in New York. Dedrick and Darrick spend some time talking about Darrick’s Jacobin article, “Why we Need a Federal Job Guarantee” and how economic empowerment could help fix many issues around race & wealth. Take a listen!
  • Race, Wealth with Brunch and Budget
    In this episode, Dedrick Asante-Muhammad is featured on the Brunch and Budget podcast with Pamela Capalad and Dyalekt over Martin Luther King Jr Day weekend. Brunch and Budget is a podcast out of New York City that focuses on personal finances and issues around finance affecting people of color. In this podcast, Pamela and Dyalekt talk to Dedrick about how he got into racial economic inequality and Dedrick discusses the racial wealth divide itself. If you haven’t heard of Brunch and Budget before, please check them out at the link above!
  • Race, Wealth and Community Solutions
    In this episode we feature the webinar, “Programs, Policies, Partnerships: Coming Together to Heal the Racial Wealth Divide” from August 3, 2016. In this webinar you will meet three incredible people doing great work on the local level. First, you have Cecilia Gutierrez, Executive Director of Miami Children’s Initiative in Liberty City, FL. She discusses the work being done in her community and how programs have changed this community. Next we have Sheley Secrest, Economic Chair for NAACP Seattle King County & NAACP Alaska Oregon Washington State Conference, who you may remember from our previous podcast, “Race and Wealth and Seattle with Sheley Secrest.” This time Sheley talks about the power of policies and effective grassroots advocacy efforts in her community. Finally, we hear from Dr. Corey Wiggins, Director of the Hope Policy Institute. Dr. Wiggins discusses the power of partnership and how to effectively build partnerships among nonprofits.
  • Race, Wealth and Wage Inequality with Valerie Wilson
    In this episode we talk to Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy (PREE). Valerie sits down with Dedrick to discuss her background in the economics field and her interest in race & economics. Valerie also discusses her latest report Black-white wage gaps expand with rising wage inequality which shows that inequality continues to increase and that the gap is widening faster for those with more education and discusses some possible policy solutions for this widening gap. Please sign up for EPI's newsletter for updates and reports on wage gaps, estimates and unemployment:
  • Race, Wealth and Puentes in New Orleans
    In this episode we talk with Lisa Reyes a native born New Orleanean Dominican. Lisa Reyes is the Small Business Development Coordinator for Puentes New Orleans. Puentes New Orleans is a Latino-Led and Latino-Serving nonprofit community development organization. Lisa talks to us about the economic development work coming out of Puentes and how the Latino community has grown in the New Orleans area and the economic challenges facing these communities. Puentes New Orleans is one of the ten organizations of color that is currently participating in the Buidling High Impact Nonprofits of Color Project organized by the Racial Wealth Divide Initiative of CFED. To stay informed about the work of Puentes checkout their Facebook page:
  • "Born on Third Base" featuring Chuck Collins
    Chuck Collins joins us this week as he releases his new book Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good. Collins, a descendant of the famous meat packer Oscar Meyer, talks about his early years in the Detroit-suburb of Bloomsfield, Michigan and his gradual understanding of privilege and inherited wealth. He also talks about the effects of the Estate Tax, his life "after inherited wealth" and the many other forms of capital that contribute to the racial wealth divide today.
  • Race, Wealth and Women with Dr. Mariko Chang
    Dedrick Asante-Muhammad sits down with Dr. Mariko Chang (, author of Shortchanged: Why Women Have Less Wealth and What Can Be Done About It and a coauthor of the 2015 Color of Wealth-Boston report. Dr. Chang recounts her journey into finding her passion in improving economic inequality. From there, Dr. Chang explains the gender wealth divide and its close relation to the racial wealth divide. The conversation then turns to an analysis of the wealth data from multiple demographics. Finally, Dr. Chang discusses the true impact of marriage on personal wealth and communal wealth.
  • Episode 10: August 9, 2016
    Dedrick Asante-Muhammad and Kylie Patterson of the Racial Wealth Divide Initiative at CFED talk with Kilolo Kijakazi, currently an Institute Fellow at the Urban Institute and formerly a Program Officer for the Ford Foundation. We talk with Kilolo about her key role in helping to create the institutions, and even the words to describe and advocate, around the racial wealth divide. Kilolo explains her background and how she became a champion for savings and building assets, and discusses historical savings trends among different communities. The conversation then shifts to Kilolo’s role in creating the Experts of Color Network and how it’s bringing national attention the racial wealth divide.
  • Episode 9:July 26, 2016 
    Homeownership is a true benchmark of wealth. In this episode, Dedrick Asante-Muhammad sits down with James Carr, Coleman A. Young Endowed Chair and Professor of Urban Affairs at Wayne State University. James reveals his background, gives a quick history of African American homeownership in America and then discusses his article, "America Needs a 21st Century Housing Finance System.” Doug Ryan, Director of Homeownership at CFED, joins the conversation to discuss rental housing and improving Fannie and Freddie Mac.
  • Episode 8: July 12, 2016
    Providing more than half of all US jobs, small businesses have a big impact on the economy. In this episode, Dedrick Asante-Muhammad and Kylie Patterson, sit down with Torey Alston, Equal Economic Opportunity Director and Chief Diversity Officer of Gainesville, Florida and the Economic Chair of the NAACP-Florida Chapter. Torey explains the importance of small business development in Florida and how factors like scale and fund procurement effect development. Also, Torey gives a preview of the 2016 NAACP Diversity Matters Report Card.
  • Episode 7: June 14, 2016
    Owning a home has long been considered a pillar of the American dream, but for many households of color, homeownership continues to feel out of reach. In this episode, Dedrick Asante-Muhammad and Lillian Singh sit down with Phyllis Logan, Housing Committee Co-Chair and second vice president for the Illinois branch of the NAACP to discuss the central role of housing and homeownership in the vision of the NAACP and the challenges to getting more households of color on the path to affordable homeownership. Plus, Phyllis busts some mortgage myths.
  • Episode 6: May 22, 2016
    Is development possible without displacement? In this episode of the Race and Wealth podcast, our host Dedrick Asante-Muhammad and Racial Wealth Divide Initiative associate director Lillian Singh sit down with Sheley Secrest,Vice President and the Economic Development Chair of the Seattle branch of the NAACP. They discuss recent victories by Sheley and the NAACP for more equitable development throughout the Seattle Metro Area, including the 23rd Avenue revitalization project and its impact on the city’s small business owners of color. Finally, Sheley explains the mission of Development without Displacement — inclusive community development that invests in the futures of all residents; a form of development that opposes gentrification, yet supports new investment.
  • Episode 4: April 8, 2016
    In this episode, Dedrick Asante-Muhammad sits down with two long-time Baltimore residents and activists, Brother Faraji Muhammad and Brother Andrew Muhammad. They speak about their personal experiences being on the ground during the rebellion that erupted last year in the wake of the arrest and killing of Freddie Gray, as well as how they are working to advance the socioeconomic conditions of youth and young adults in the aftermath of the uprising. Around the 45-minute mark, Dedrick is joined by Associate Director Lillian Singh to speak with Carmen Shorter, Senior Manager for Learning and Field Engagement at CFED. Carmen is also a Baltimore resident and shares her experiences of being in Baltimore during the uprising. Carmen then discusses her work and the recently released Family Assets Count Baltimore Building Economic Opportunity Data Profile and how these relate to the challenges facing Baltimore.
  • Episode 3: March 21, 2016
    In the third episode of the Race & Wealth podcast, host Dedrick Asante-Muhammad sits down with Melany De La Cruz, Assistant Director at the UCLA Asian American Studies Center. They discuss Melany’s work at the Center and her beginnings in studying Racial Wealth Inequality. The conversation then moves to a discussion of the Color of Wealth series, which just released a report about racial wealth inequality in Los Angeles. In this segment, Dedrick talks with Lillian Singh, Associate Director for CFED's Racial Wealth Divide initiative, about her experience growing up in Los Angeles and the circumstances that led her to devote her career to fighting racial wealth inequality. Finally, Dedrick and Melany discuss Nexus Journal’s recent special issue on wealth inequality as it affects the Asian American Pacific Islander community.
  • Episode 2: February 23, 2016
    In the second episode of the Race & Wealth podcast, Dedrick Asante-Muhammad, sits down with Dr. Algernon Austin, Senior Research Fellow at the Center for Global Policy Solutions. Dedrick and Algernon discuss the ways in which race and the economy play into the current political season, the Obama presidency; the fallacy of a post racial America and the Tea Party; and the challenges going forward with trying to close the racial wealth divide.

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