Headline : Successful White Men Alone Can’t Create America’s Economic Future

Read more from the original article on here at time.com.

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As the founder of Operation HOPE, I’ve spent the better part of my life advocating for financial literacy and economic empowerment in underserved communities. Over the years, I’ve come to a stark realization: there are simply not enough successful white men to carry the weight of America’s economic future.

This is not a slight against those men, who have historically driven much of our nation’s GDP growth. Just the opposite. I want as many of them as possible to be successful, as we all succeed when we all succeed. This is just a mathematical reality—and one that we must confront and solve, positively, if we want to ensure America’s continued prosperity.

Consumer spending makes up 70% of the U.S. economy, but the face of the American consumer is changing. Today America is made up of 41% minority groups. And by 2044, the United States will be a majority-minority country, meaning no single racial or ethnic group will dominate the population. Even today, minority groups wield immense purchasing power: Black Americans are projected to have $1.7 trillion in spending power by 2030, while Hispanic Americans already contribute $3.2 trillion annually to the economy.

These numbers tell a clear story: the economic future of America depends on ensuring that all citizens—regardless of race, gender, or background—have access to the tools and opportunities they need to thrive.

Read more from the original article on here at time.com.

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