Black Families Have 15 Cents for Every $1- Here's How We Fix It By 2030
The Table with Anthony ONeal
The Neatness Network
4.9 • 2K Ratings
🗓️ 30 June 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
The stat that made me want to throw my phone across the room: For every $1 the average white family has, Black families have just 15 cents. But here's what they don't want you to know - we are not powerless.
In this episode, I'm breaking down:
- The REAL reason behind the $240,000 wealth gap
- Why "flexing" is keeping us broke (this will hit different)
- My personal $1 billion mission to change everything by 2050
- 5 actionable steps you can take THIS WEEK to start building generational wealth
- The credit score "game" and how to win it debt-free
This isn't just another finance video - this is a movement. While we've been underserved, we are NOT under-brilliant. It's time to stop making excuses and start making moves.
Mentioned On Today's Show:
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ABOUT ANTHONY ONEAL
Anthony Oneal is a nationally bestselling author, speaker, and host of The Table. He holds a Bachelor of Science in Finance & Banking and is a professor of Consumer Economics at Virginia Union University. Since 2014, he’s helped millions of people get out of debt, build wealth, and break generational poverty.
His mission is to help you maximize your income, eliminate debt, and create a life of freedom and legacy—without relying on credit cards or student loans.
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This content is for educational and entertainment purposes only. I am not a licensed financial advisor. Please do your own research and consult a certified professional before making financial decisions.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | I just saw that while I was reading and studying this morning that bothered the living |
| 0:04.7 | daylights out of me. |
| 0:06.6 | It made me literally want to throw my phone across my office. |
| 0:13.6 | You see, it said that black families, our families, our hardworking families hold just |
| 0:18.0 | 15.5% of wealth that white families do. |
| 0:23.6 | I want to say this again so we can sink in and really bring it down to some basic numbers. |
| 0:29.6 | So you can really understand. |
| 0:31.6 | For every $1, the average white family has, African American families have 15 cents. |
| 0:40.3 | 15 cents. |
| 0:44.3 | Now I'm going to say this up front because I do not want to |
| 0:50.3 | want to rub people wrong. This is not an attack on white families. I love white families. I love |
| 0:55.6 | white people. This show was still going to be a blessing to any and everyone who's watching |
| 1:00.8 | this with your black, white, Hispanic, Chinese, you name it. But being an African-American man, |
| 1:06.8 | this bothered me and I have to talk on this. I got to teach on this and make sure that I'm |
| 1:11.5 | helping people of color because one of the main reasons why I branched out on my own, one of the |
| 1:16.7 | main reasons why I'm still going is because I want to help people of color. Get the wealth that |
| 1:22.1 | we deserve, get out of debt, and build the life that I believe God truly wants, not just for all, not just |
| 1:29.0 | for white people, but for all people and black people are considered in all. |
| 1:34.1 | You see, the median black household net worth is right at $44,000. |
| 1:39.1 | While the white household net worth is right at $284,000. |
| 1:43.9 | Now pause, because I know some of you white people are going to say, that's not me. |
| 1:47.8 | I'm not saying that issue. |
... |
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