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What is Racial inequity?
Racial inequity speaks to the unfair distribution of resources and opportunities between white people and Black, Indigenous, and people of color. It is caused by racist structures, policies, and practices that ensure that BIPOC experience disadvantages when it comes to education, employment, healthcare, housing, and more.
Source: Racial Wellness, a book by Jacquelyn Ogorchukwu Iyamah
Banks perpetuate the racial inequity we see in society when they injustly deny Black people from getting mortgages and ultimately build generational wealth.