The Caucus Panel on Generational Wealth was not about jobs, it centered on the need to have an equity stake in production, that is to own and build businesses. The obstacles to this range from childhood trauma, attitudes in the home about money; “it’s not what you earn, it’s what you save,” and access to capital faced by those on the low end of wealth inequality.
This workshop equipped caucus attendees with the tools to bridge gaps in access and opportunities related to entrepreneurship, technology, media and more. The panelists for this event engaged attendees in hands-on icebreakers and activities that help them learn more about where they are in the wealth-building process and how they could take their wealth goals to the next level. Many participants shared that the session felt immensely relatable and tangible.
Panelists on the road to success is also about having the opportunity to build on personal equity. It also made no sense for someone with a 4.0 in computer science to be working for the MTA instead of in a high-tech industry where they can create their own business.
The panelists filled a representation void attendees traditionally experience, often seeing few people that look like them successful in these spaces and in their immediate communities. The panelists for this workshop included entrepreneurs overseeing 5+ organizations, a Forbes magazine contributing writer, former Obama White House team member, founder of a $5 million Venture Capital firm, model, actor, social activists and more. At the conclusion of the event, there was a large intergenerational dialogue with questions from seasoned pros, parents and young entrepreneurs that was beautiful to witness. The event was very well-attended during caucus weekend with nearly 100 participants.
Major sponsors of the panel were GenFKD (http://www.genfkd.org/the-story) and NY State Senator Leroy Comrie.