Photo: Michael Appleton | Mayoral Photography Office
To tackle New York City's persistent racial wealth disparity, the city will create savings plans next year for every public kindergarten student that will have a minimum deposit of $100 in each account as part of a slate of economic justice programs in honor of Juneteenth, Mayor Bill de Blasio announced recently. "Juneteenth marked the end of slavery, but not the end of systemic, structural racism in America. To begin to repair the harms of the past, New York City is investing in the future and building generational wealth," de Blasio said. All told, the city plans to invest $15 million in college savings accounts in fiscal year 2022.
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