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Congresswoman Joyce Beatty

Representing the 3rd District of Ohio

Congresswoman Beatty Hosts Star-Studded “Money, Wealth and Disparities: Baby Boomers to Millennials Matter” Issues Forum

Sep 14, 2018
Press Release

Congresswoman Beatty Hosts Star-Studded “Money, Wealth and Disparities: Baby Boomers to Millennials Matter” Issues Forum

Event helped kickoff second day of 2018 CBCF-ALC

WASHINGTON, DC – U.S. Congresswoman Joyce Beatty (OH-03) served as honorary host of an Issues Forum, entitled, “Money, Wealthy and Disparities: Baby Boomers to Millennials Matter,” during the Congressional Black Caucus Foundation (CBCF), Inc.’s 48th Annual Legislative Conference (ALC). The panel discussion focused on helping attendees identify and take practical steps to build wealth, close the racial wealth gap, and leave a financial legacy.

“Over the past 30 years, the racial wealth gap has only gotten larger. In fact, white household wealth is ten times more than that of Black households,” Beatty said. “That is why this Issues Forum is so important. By being here at the CBCF-ALC, you are a leader, so please take your energy, knowledge, and the lessons you will learn here today back to your communities, and let’s all focus on leaving a legacy for our children, grandchildren, and future generations.”

According to the Federal Reserve, the average wealth of white households is $171,000 compared to $17,600 for Black households. Even more alarming, the median wealth of Black families has dropped a staggering 75 percent in the past three decades. If that trend continues, Black median wealth will be zero by 2025.

During Beatty’s Issues Forum, the standing-room only crowd heard from a distinguished group of panelists, including moderator Dr. Michael Eric Dyson, special guest and actor Danny Glover, Essence founder and National CARES Mentoring Movement CEO Susan L. Taylor, Nationwide Executive Vice President and Chief Administrative Officer Gale King, Funderburke Institute of Financial Empower CEO Lawrence Funderburke, GM Financial Vice President of Customer Service Operations Beverly Fells-Bohanaon, Mary Kay Inc. Independent Future Executive Senior Sales Director Allyson Jankowski, and American Council of Life Insurers Vice President of Financial Services Robert Lewis, Jr. 

An archived recording of Beatty’s Issues Forum will be available on CBCF’s YouTube page. For more information on the 2018 CBCF-ALC, please visit the official website.