Ever heard the saying "The RICH get RICHER & the POOR get POORER" this comes from the idea that no matter how much you make, you will never make to the top of that ladder.
And this affects younger Americans the most.
Heres a fact for you,
The Center for Law and Social Policy found that young adults ages 18-24 face higher rates of poverty than other age groups. and this will affect their financial stability in the long run.
"Its ridiculous! Who can afford this, who can? Alot of you guys do know I exist, (and see the impact yet) but I do care. What you kids going to do, WHAT ARE YOU KIDS GOING TO DO?" - Fred Christain Founder of #IMPACT
With price of essential goods going up, the dollar dropping due to inflation, the cost of living is getting higher and ever before. So how can someone get up that ladder In the first place?
Well, it all beings with a place to lay your head and relax called home. Studies have shown having your own house is the beginning of financial stability and future wealth.
In this limited podcast series, will break down how things like the wealth gap and generational wealth affect younger audiences though the Lense of housing.
Our topics will range from things like barriers of homeownership, advocating for one's community, and the importance of doing your research.
These round table discussions are based on the oral history interviews recorded with our partnership with Florida International University and Catalyst Miami.
Welcome to the Wealth Gap & Miami's housing break down.
Episode List
Starting the Conversation on Generational Wealth and Miami's Wealth Gap
How does the Wealth Gap Influence Housing in South Florida?
David E. Banks, Opportunity through Homeownership
Councilwoman Linda Julien, Investing through Research
Fred Christian, Advocating for a Community's Future
Conclusion: Building a Bridge Between Housing and the Wealth Gap
Great media to understand this topic
BY: Florida International University Digital Collections Center and the Digital Scholar Studio.