Peace and Dignity - Diverse Dollar

What is it?

Peace and Dignity is Diverse Dollar’s cornerstone educational campaign dedicated to empowering BIPOC with fundamental knowledge on estate planning. The devastation of the pandemic shed a light on the inequalities experienced by people of color as they endured higher death rates and likelihood of illness. Providing education and resources in an easily accessible way ensures BIPOC are maintaining the generational wealth that has taken so many years and community effort to build. We believe everyone deserves to grieve with Peace & Dignity, and therefore we strive to ensure all are armed with key info to organize their estate and take control of their lives.

Built By Us, For Us

Conversations about finances can be difficult. Adding racial, and socioeconomic layers for context can make the convo even more uncomfortable. Finally, heavy emotional factors such as the loss of a loved one, make the topic nothing short of unbearable. Because of what’s at stake, the erasure of generational wealth, we must power through and have the conversations but we do so in a way that keeps the following in focus:

Historical Context is Key: Understanding the oppressive history of systemic racism engrained in every financial topic is vital for eliminating the shame that often prevents the conversation from being had in the first place. Why? It’s simple. Statistics show BIPOC lagging behind across overall wealth, income and business success. However, data points alone fail to illustrate why these discrepancies exist. The conclusion can even be made that BIPOC are themselves at fault for the lag, causing unwarranted shame. History illuminates the systemic oppression driving the discrepancies by providing the context necessary to understand “the why.” Once that’s clear, BIPOC folx are less likely to feel shame towards their financial positions because they understand the bigger picture.
Numbers Don’t Lie; Once You Understand the Data: Data, contextualized with history, illustrates where BIPOC currently stand on financial matters. We are committed to gathering various data points from reputable sources to ensure all of our points are grounded in fact. We leverage data to inform our audience as well as to set measurable goals for improvement within our communities.
The More BIPOC Empowered, the Closer we are to Our Objective: Our objective is for every adult BIPOC individual to have an estate plan in place for themselves as well as one for their dependents. Eliminating shame by providing historical context, housing the conversation in data and facts, and doing so in an easy to understand and entertaining way is how we plan to get there.

Key Stats on BIPOC and Estate Planning

We are already in the midst of the greatest transfer of wealth in history
- Boomers are expected to pass on an estimated $68 trillion dollars over the course of the next 25 years.
BIPOC are less likely to be prepared for this major financial exchange
- According to a survey on Caring.com, only 29% of Black Americans report having a will in place.
- Only 27% of Americans identifying as Hispanic report having a will in place
Wealth held by Black and Latino Americans is on the decline
- According to a report conducted by Prosperity Now and the Institute for Policy Studies, by 2053 the median Black household wealth is projected to hit zero.
- 20 years later, by 2073, median Latino household wealth is projected to hit zero.
Due to the disproportionate affects of the pandemic on people of color, these wealth decline projections has only accelerated

Major action is required now to prevent the loss of generations of hard earned accumulation of wealth by people of color.

How is Diverse Dollar Helping through the Peace & Dignity campaign?

Onsite/Hybrid/Virtual Workshops: Our workshops are dedicated to teaching foundational knowledge of estate planning so audiences can take clear and simple actions to protect themselves. and their loved ones. We customize our workshops to ensure your employees, students and/or community groups receive the most out of the experience.

If you are interested in booking a workshop, please reach out to info@diversedollar.com.

Edutainment Video Campaign: Across our social networks, we will be launching our Peace & Dignity campaign. These videos will tackle estate planning to help normalize the conversations and empower the BIPOC demographic.

Celebrations of Life & other Community Events: In May of 2024, we will kick off our first “Celebration of Life” event in an area heavily impacted by Covid. We believe that community events tying local businesses, organizations and occupants together is key in fostering a new normal coming out of the devastation Covid left behind.

Why Peace & Dignity?

In April 2020, CEO & Founder of Diverse Dollar, Karina Roa Dixon, lost her father suddenly due to Covid. In the years that followed, she was shocked at how difficult it was to organize his estate, especially while grieving. Karina has dedicated herself to documenting her process of sorting his estate and, alongside the help of experts, is working to educate and empower BIPOC communities. She hopes that when the inevitable happens, all families are able to grieve with Peace & Dignity.

To learn more about Karina’s story, “Losing My Father Suddenly to Covid,” click here.

How can I help?

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