A group of young investors is optimistic about Silicon Valley's ability to reduce income inequality and other financial challenges in the wake of economic uncertainty
In some instances, the current economic environment has only deepened American income inequality by exacerbating existing financial challenges and uncertainty for various groups.
However, many investors pointed out that income inequality and access to existing financial services was already a struggle for marginalized groups – the pandemic just made those struggles more evident.
Those shifts helped give marginalized communities access to financial services that weren't available to them before, and they could brighten an otherwise dire financial outlook.
"Historically, financial services are most available to those who least need it," Greylock principal Seth Rosenberg said.
"I think redesigning financial tools so that they are more inclusive and accessible can go a really long way to addressing inequities -– whether those tools are about saving or investing."
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Managing your business can be a truly massive task involving many hours of hard work and stress, and that may affect your health. We recommend taking a break and enjoy other activities, like playing on an online casino for a bit. The guys at casinoexpressindia.com can provide you with a curated list of the online casino in India available so you can enjoy a fun break.