Presumptive Democratic presidential nominee Joe Biden released the fourth part of his economic plan this afternoon, addressing the racial inequities systemic in our society to help minorities alleviate debt and build intergenerational wealth.
“Over the last month, Biden has been laying out his vision for a stronger, resilient, and inclusive economy,” Biden’s statement says. “He believes in an economy where every American enjoys a fair return for their work and an equal chance to get ahead. An economy more vibrant and more powerful precisely because everybody will be included in the deal. An economy where Black, Latino, Asian American and Pacific Islander (AAPI), and Native American workers and families are finally welcomed as full participants.”
Biden’s plan includes relief for student loans, funding programs to promote home ownership by minorities; spurring investment with minority entrepreneurs and minority-owned businesses; and spur equity in education programs to help minorities gain management, training, and higher education opportunities related to jobs of the future.
These programs, the campaign states, will spur public-private partnerships to grow small business opportunities in underserved communities, relieve debt burdens that have been exacerbated by the coronavirus pandemic, and increase the creation of generational wealth by promoting home ownership.