Gucci's Black Face Controversy and the Black Dollar

Posted by CapWay in MindsetFebruary 13, 2019(Last Updated March 14, 2020)1 min read
Are you ready to make some real money moves?

The recent Gucci and Prada blackface controversies moved many influencers, like T.I., Dapper Dan, and Spike Lee to join an ongoing conversation about where minorities spend money. Whether you have Gucci money or not, this is still a meaningful conversation about the Black dollar. After all, African-Americans spend roughly $1.2T annually. 


Communities of color are not new to boycotts or discussions about pooling resources and reinvesting them in businesses where people feel represented, seen, and heard. 


Beyond the idea of the Black dollar, these happenings bring up a more profound point about what our money says about us individually. How we spend or aspire to spend our money matters and reflects our values. 


A vital part of a successful money journey is making sure that you align your spending with what is important to you. This is an excellent time to pause and consider a few questions about how you use your dollars.


a) Do you think that how you spend your money is a reflection of your values? 


b) Are you spending your money in ways that uplift and align with your beliefs? 


c) What impact does your money have on communities that are important to you?

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2024 CapWay Inc. All Rights Reserved.