1373: How Companies Can Help Solve Financial Inequality

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 22 June 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, a very candid conversation with three guests on how corporate America can be more effective at closing wealth gaps. This episode is a recording of a live panel I moderated last month at an event called Disruptive Discourse. The event was organized by the team ofColor, a financial wellness company that works with employers to help them provide better financial solutions to workers. Our panel was entitled: How Organizations Can Address the Racial Wealth Gap. Our panelists are: Jamal Stockton, Head of Customer Inclusion at Fidelity Investments, Shane Harris, Vice President, Inclusive Solutions, and Head of Social Responsibility, Prudential Financial and Joanna Smith-Ramani Managing Director, Aspen Institute Financial Security Program. Hear how their companies are thinking about social responsibility, the work that has yet to be done ...and imagine if employers refused to parter with health insurers and demanded that we rethink the future of benefits affordability. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.0	When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5,
0:11.2	stand it up, step back, and your photos are also synced to your Chromebook, ready to edit.
0:16.8	The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone.
0:21.5	So money episode 1373, how organizations can address the racial wealth gap.
0:26.6	You're listening to So Money, with award-winning money guru, Farnoosh Karabi.
0:32.9	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:38.1	authors, influencers, and from Farnoosh yourselves.
0:42.4	Looking for ways to save on gas or double your double coupons?
0:46.1	Sorry, you're in the wrong place. Seeking profound ways to live a richer half your life.
0:51.6	Welcome to So Money.
0:53.8	Just buying a home starts to lead to closing the racial wealth gap.
0:59.0	Today, we don't offer products that allow people to buy a home.
1:02.6	And so, my team is focused on what are these product gaps that are out there
1:06.5	that we can offer to customers that actually help them close the racial wealth gap
1:11.2	and get to better financial wellness.
1:13.1	Another critical thing for us is thinking about marketing and how we show up in the community
1:18.4	and meeting people where they are, right?
1:20.6	And so, what we do today is we put black faces and white spaces.
1:25.1	That's what our marketing looks like.
1:26.3	And this is not my try to throw my colleagues under the bus,
1:28.8	but that's what marketing looks and feels like today in the financial services industry.
	...

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