In 2020, the nationwide protests surrounding the murder of George Floyd stirred up countless debates on why African Americans have yet to receive equality and may still have a long way to go to receive equity.

Group economics is when groups of people have a common economic goal and work together to achieve it, and is one route that assists with the closing of the racial wealth gap, including the practice of supporting local businesses.

When it comes to the distribution of wealth among Black and Latinx people versus white people in the United States, minorities have always been neglected. The racial wealth divide is widespread and stems from hundreds of years of policies.

The Biden Administration recently let the federal COVID assistance programs expire, leaving seven (7) million Americans without a source of income. Here’s what happened and how it has affected the people involved.

The practice of group economics is becoming more popular, especially since it is becoming a more recognized way to build wealth with your family or friends.

“We must face the system head-on, and make strides to change it so that we can close the economic inequality gap and defeat capitalism.”

It is vital to understand what African Americans have had to fight to get to where we are now, so we can have a better understanding of what we need to do to keep pushing forward.

The protests are calling for a change in a system that is long overdue. If you can’t physically march amongst your allies, you still have the power to evoke change using your hard-earned dollars.

Nadia Vanderhall is the founder of The Brands + Band$ Strategy Group. She is an expert marketer who merged her love for digital marketing and money to create a culturally-driven hub to impact change for both individuals and companies.