Executive Summary
Even before COVID, 42% of Texans could not afford basic costs of living despite being employed, and the majority (57%) are Latinx and Black households, despite comprising 43% of total households (1). By 2024, Latinx and Black households are projected to own 60-80% less wealth than they did in 1983, with the median Latinx household wealth hitting zero by 2073 and that of Black households hitting zero by 2053 (2).
Today’s reality is a result of three systemic challenges: lack of family wealth, access to credit, and distrust in the system. JUST’s approach repairs and rebuilds consumer trust by unlocking access to build income- and asset-based wealth. We invest in minority entrepreneurs to grow their businesses and access pathways to asset-based wealth building. Within 5 years, JUST will invest in 20,000 female entrepreneurs and help 200 of them purchase homes across Texas’ major metropolitan areas.
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