Home ownership is the gateway to generational wealth and African American home ownership has not improved in over 40 years. The average median household wealth of a Caucasian family has increased to 10 times greater than an African American family.

Research shows home ownership is the foundation to generational wealth, but it hasn't improved for the African American Consumer Market (AACM) in over 40yrs. A primary reason is banks and corporations were fined by the Consumer Financial Protection Bureau (CFPB), Department Of Justice (DOJ) Community Reinvestment Act (CRA) for their  racist mortgage lending practices- and loan modifications plus discriminatory practices to their Black consumers. Currently homeownership rates show Black Americans are currently the least likely to own homes and from 1994-2019; Caucasian homeownership increased approximately 3.5% Black homeownership decreased 0.2%during same period. 

In addition, Causcians wealth is now 10 times greater than African Americans and their median households' wealth in 2019 was $24,200 compared to $188,100 for Caucasian households'. President Biden has issued two Executive Orders that banks perform Racial Equity Audits (REA) with Congress and  a number of banks' shareholders requesting the same. These audits resulted in banks creating Racial Equity Commitments (REC) to determine reasons African American economic status hasn't improved and have committed billions of dollars to help close the wealth gap.