What we get wrong about the racial wealth gap | Renée Baker | TEDxEustis

The median white American household has ten times the net worth of the median black American household. This disparity affects black Americans' buying power, political influence, and ability to generate wealth. In this informative talk, expert Renée Baker reveals what we get wrong about this racial wealth gap and suggest practical steps that everyday Americans can take to close the gap and balance this inequality. Renée Baker has spent over 20 years in the financial services industry. Her corporate position focuses on leading strategic initiatives to advance representation and drive business growth for diverse financial advisors. She holds a BS in finance from Rutgers University, an MBA from The Pennsylvania State University, a doctorate in business administration from Wilmington University, and holds several securities licenses. Renée has received several financial industry awards, including being named by Financial Planning magazine as one of the “20 People Who Will Change Wealth Management in 2020. When she is not empowering financial advisors and others to reach their full potential, Renée enjoys family time, volunteering, traveling, taking boxing lessons, and pursuing her entrepreneurial endeavors. As an empty-nester, she misses her three daughters but sees them regularly with her grand pets, including one dog and three cats. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@KayceRivera]

Baker points out that many people misunderstand the causes of racial financial disparities. Rather than focusing solely on individual factors such as work ability or determination, Baker emphasizes the far-reaching influence of systemic factors and social structures.

[@knsrikant]

Renee - this is so on point! I especially appreciate the “invest in yourself” tip! No one hands us anything. It’s up to us! This can be a concerted approach to closing the wage gap.

[@DrReneeBaker]

Thank you for watching. You are right. We have to know our worth and get after it.

[@OrmaSabec]

Baker's speech was an important reminder of the importance of addressing the racial wealth gap. She argues that discrimination and lack of opportunity are the main causes of this problem, and we need to address these causes if we want to create real change.

[@pgppe9488]

If what you said is true then why do Latinos outpaced is from a wealth generation standpoint.

[@AnasMahmoud-pc5hr]

Misunderstandings about the causes of the wealth gap: One of the most common misconceptions is that the racial wealth gap is primarily due to the inferiority or justification of one race over another. other race. In reality, the gap between rich and poor often reflects a combination of many factors such as history, politics, economics, society and the education system.

[@claudiavirga686]

This is an idea worth spreading and a much-needed conversation right now. Thank you, Renee, for your passion, knowledge, and leadership. Let's close the gap in this lifetime.

[@DrReneeBaker]

Thank you for watching. Let’s close the gap for generations to come.

[@YamilaMakhno]

Renée Baker points out that historical and structural social factors, such as systemic racism, unfair economic policies, and unequal educational opportunities, play a larger role in creating these disparities.

[@kimjenson8284]

Well done Renee! Here’s to taking action and pursuing OPEN!

[@DrReneeBaker]

Thank you for watching and for your support. What got us here doesn’t necessarily need to keep us here! Let’s be more open to close the gap.

[@pinkelle13]

Sign me up for a trillion! 🙋🏻‍♀️ Thank you for your leadership on this important topic!

[@DrReneeBaker]

Thank you for watching. Let’s get to a trillion, together. 🙌🏾

[@Tubbsmuzik]

I’m from southern jersey too! We used to go to cowtown at least once a year.

[@mercyameyaw2169]

Know. Your. Worth. Bravo Renée! Intelligent and well thought-out solutions to a lingering problem. You ARE the example!

[@DrReneeBaker]

Thank you for watching and for your support.

[@beanbag730]

Wow, this is so powerful. This reality needs to be made known and acted upon. Such a great presentation. 👏🏽👏🏽👏🏽

[@edb5030]

Wow this was such an amazing viewpoint

[@DrReneeBaker]

Thank you for watching.

[@mandibaker9467]

Ownership, Parity, Equity & Net Worth!! You deliveredt! GREAT message and even better delivery!

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@DrReneeBaker]

Thanks for your support, Mandi. We need to be more OPEN.

[@ReneeWilliams0709]

Excellent! This is so important. I will spread the word!

[@DrReneeBaker]

Thank you for watching and for spreading the word. This is about all of us not some of us.

[@trevorwells3404]

Great information and perspective. Thank you, Renee!

[@DrReneeBaker]

Thank YOU. Glad it resonated.

[@davidpatchen9745]

Well done Renee. Thank you for being a see it be it role model for this important cause.

[@DrReneeBaker]

Thank you for watching!

[@Mrjspotter]

Great work Renee- a clear and powerful discussion about all the aspects that contribute to the racial wealth gap, and hold us back from the promise of what our country can and should be.

[@DrReneeBaker]

Thanks for watching . We are better together.

[@hammockcamping2500]

One way to decrease the wealth gap is for the more productive folks to waste their money in ways that are similar to the ways that less productive people waste their money

[@mariannerivera6068]

Renee, like you said, “Let’s Disrupt the Status Quo”. The whole world would benefit if the racial wealth gap didn’t exist. Thank you for your inspiring message.

[@imaninocentperson4853]

Not all countries have a racial wage gap

[@DrReneeBaker]

Thank you for watching and for your support.

[@user-qx3hq2vp2h]

This is a great and excellent idea that deserves to be spread widely in today's life

[@tarahharkins3005]

Such a wonderful TedX Renee! Powerful and needed message, congratulations!

[@DrReneeBaker]

Thank you for watching.

[@SabrinaSterlingGA]

Congratulations 👏🏻!

[@DrReneeBaker]

Thank you for watching! O-P-E-N are just a few ways to level the playing field.

[@Renee1132.1]

Outstanding! Great presentation! ⭐️

[@imaninocentperson4853]

😅

[@tariqnadeemtariqnadeem4503]

Very good information, I learned quite a lot from it. Thank you for sharing this video

[@mrs.tiayoung6736]

Great information Renee. Well done and congratulations!

[@DrReneeBaker]

Thanks for watching !

[@charbeltannios546]

Great 👏👏👏👏

[@robynadk]

Outstanding presentation, Renee. Thank you for your insight & leadership.

[@DrReneeBaker]

Thank you for watching. The journey continues…

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@umerkhanumerkhan2784]

There is great variation in the financial situation of individuals regardless of their race. Some people of the same race may be rich while another person of the same race may face poverty.

[@josephfoster2626]

What a fantastic discussion !

[@imaninocentperson4853]

Lmbo u can hear her heart beating 💓

[@DrReneeBaker]

Thank you so much for watching Joe.

[@tipsmhorosellehv]

The racial wealth gap is a complex problem with many causes, including a history of racism, the criminal justice system, and inequitable economic policies.

[@muhammadjaved5744]

Some people misunderstand the social and economic aspects of the racial wealth gap, which can lead to exclusion and discrimination of people of different races. This causes division and social injustice.

[@lydiahamilton5546]

Bravo, Renee!

[@DrReneeBaker]

Thank you for watching!

[@MalloryDimmitt]

Great job Renée!

[@DrReneeBaker]

Thank you for watching and for your support.

[@gtwebctnihindu]

Hope everyone is treated fairly and equally

[@lesb5593]

Amazing, as usual.

[@DrReneeBaker]

Thank you for taking the time to watch. It’s time to get this right for the next generation.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@douglaslong270]

Excellent talk and a timely topic. We need more conversations and actions to create wealth.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@DrReneeBaker]

Thank you for watching Douglas, glad it resonated with you and you understand the essence of the message.

[@CoachStampfli]

Wow! Amazing presentation, Renee. Your ideas were empowering and your heartfelt delivery was moving. I kept feeling like yes, we can do this and everyone benefits. Thank you for sharing your insightful wisdom and brilliance. Very inspiring!👏🏼

[@imaninocentperson4853]

😂

[@DrReneeBaker]

Thanks for watching. I’m so glad this resonated with you. Greatly appreciate your support.

[@sharonarroyo689]

Awesome job Renée! So proud of you…..disrupting the status quo! Informative and motivational discussion that is pertinent to all of us🙌🏻🙌🏻

[@DrReneeBaker]

Thank you for watching! Let’s get a trillion dollars.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@JulyanaCarvalho-xe9sn]

Renée Baker's TEDx talk can provide insight into the factors that influence the racial wealth gap and promote understanding and action to address these inequities.

[@globalpharaoh5577]

Equity and ownership go hand in hand with capitalism. Strengthening those on the fringes helps us all! Thank you for helping us understand this basic tenet of our U.S. economy!

[@DrReneeBaker]

Thank you for watching. Knowledge is power.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@marisafranco870]

Thanks for this insight and all these actionable steps to do something about this issue!

[@DrReneeBaker]

Thank you for watching. It’s time to be more OPEN to change and close the gap.

[@imaninocentperson4853]

Not all gaps are racial

[@JuanEshelman]

Although policies can help raise the living standards of the poor, inequality still exists because assets are mainly concentrated among the wealthy.

[@roxxycrystals]

May all being be healthy, be well, be free!

[@paolaparraharris1103]

Outstanding presentation Renee! Informative and motivating for all … I want a trillion dollars!! 👏🤩🥂

[@DrReneeBaker]

Thank you for taking the time to watch. Let’s get this trillion dollars. It’s even better when we can share it.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@KatieNallPhD]

Great talk that everyone can benefit from! Super job!

[@DrReneeBaker]

Thank you for watching! It’s the beginning of a conversation and an opportunity for all of to make progress together.

[@BlkSheepLoneWolf]

Good stuff!! Informative

[@DrReneeBaker]

Thank you so much for watching.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@timothytotten555]

Fantastic idea worth spreading. I'd like to have a trillion dollars!!!

[@DrReneeBaker]

Thank you for watching and your feedback. Let’s disrupt the status quo and get to a trillion dollars.

[@imaninocentperson4853]

I personally don't care about being that rich just stable and successful lol 💕

[@hifilzrdplano]

Racism is an important cause, but it is not the only cause.Other factors such as education, employment and housing also play important roles.

[@jeremyeagles3237]

It’s up to individuals to take charge of their own life. Doesn’t matter what race you are. If you have the will to make something happen then it will happen.

[@DrReneeBaker]

It’s about all of us not some of us. Thanks for your feedback.

[@naildwkbprism]

hopefully there will be no more things like racism, everyone will be equal

[@FinanceNation]

With racism and sexism knowing your worth doesn't necessarily work in decreasing the wealth gap

[@user-sz7qq1ut9w]

*Investing in crypto now should be in every wise individuals list, in some month up sees time you'll be ecstatic with the decision you made today.*

[@RodrigoSJ.81]

@Albert Jackson *I traded with him, The profit are secured and over a 100% return on investment directly sent to your wallet.*

[@Cloverdalefernandez47]

I'm so happy for taking the bold step in investing a little start up capital with after a week I received my profits to my bank

[@randyo.6426]

Believe me he's the best when it comes to Cryptocurrency trading, your profit is assured.💯

[@LinhLungLinh-tn]

The economy is unstable, so poverty affects not only rural and remote areas but also in urban areas. This should be a long-term solution.

[@hammockcamping2500]

One way to decrease the wealth gap is for the more productive folks to decrease their productivity.

[@craigjohnson7298]

It was painful trying to watch this video. Way too rehearsed!

[@hammockcamping2500]

I disagree with the emphasis on closing various types of gaps. If this means some groups or individuals accelerate away from others, so be it. It is my understanding that we benefit greatly from the culture and technology which largely comes from those with Westen values and who have IQs over a 120. So I'm not okay diverting academic resources away from those that are cognitively gifted just so you can close gaps. Also, schools will naturally exacerbate inequities because individuals that are fast learners (high g) will accelerate away from the low g students. Schools don't need to close all the gaps. Don't throw all your money at the smart kids, and don't throw all your money at the slow ones either. It is especially important that you don't throw all your money at the students that are learning English as a second language. It is extremely important that we slow down immigration because they tax our academic resources with ESL programs and so forth, when the money could instead be spent on those that have a heritage and history living here legally. I'd hate for music, robotics, or archery classes to be diminished or eliminated so as to allow funding for lots of special ed and ESL courses.

[@user-jy8ew2xc9g]

Correlation does not = causation. Please say it with me, correlation does NOT = causation. What evidence does she provide that the wealth gap is caused by racism? Her argument is they are wealthy and we are not, thus they must have caused it.