Articles

Wealth and Health Disparities

Baby bonds? Reparations? There’s no quick fix for racial wealth gap

Rodney Brooks
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April 4, 2022

You learn a lot writing a book, as I did with my latest effort:“Fixing the Racial Wealth Gap: Racism & Discrimination Put Us Here, But This Is How We Can Save Future Generations.” I researched the history of the economic racism that is responsible for the racial wealth gap and the graphic results of that disparity, and I offer possible solutions.

The history of racism, discrimination and violence runs deep.The result is that Black Americans are far behind White Americans in every economic statistic.

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Authored By Rodney A. Brooks


TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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