3 ways that racial inequalities affect the world of finance

The United States’ history of systemic racism has woven its way into innumerable aspects of American life: education, the criminal justice system, healthcare, the economy — and yes, the world of banking and finance.

Yesterday, Zogo released a statement in solidarity with the Black Live Matter movement. We openly recognize the unquestionable link between financial well-being and racial justice.

Today, we’re listing just a few ways that existing racial inequalities affect the world of finance, in hopes of helping our users and clients reflect on the presence of these oppressive systems in their own lives.

This is not an exhaustive list — these patterns are the topic of thousands of research papers and books and articles. We’ve linked several here, and encourage you to continue reading on this topic.

 

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