Thursday 1 December 2022
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Waters, Morial, Sanders Push “Black Wealth 2020” as ‘Urgent’ Movement Spreads

By Hazel Trice Edney –



predatory lenders( – Black Wealth 2020, a new movement aiming to change the course of Black wealth in America, is gaining swift support from national advocates of economic justice.

“The struggle for Black wealth is a legendary struggle. And so whether we’re talking about what we have attempted to do in the past or what we should be doing now, the fact of the matter is that African-Americans have not really realized their potential in this country,” says U. S. Rep. Maxine Waters (D-Calif.), ranking member on the House Financial Services Committee in a recent interview about the necessity of Black Wealth 2020. “If Black people are to have a future and to move forward, we’ve got to not only build wealth by home ownership, where we can build up our equity and have money to turn around and invest in business opportunities, but we must also learn more about and be aggressive in going after franchises and getting involved with investment opportunities – all of that is extremely important. And now is a very crucial time in the history of Black people.”

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