As part of a collaborative research project between people from racialised communities, London School of Economics and Equality Trust, Tooth Fairy shares her insights into what is wealth, what helps and hinders people from racialised communities to build wealth and what could make a difference. The research was funded by the British Academy Innovation Fellowship Scheme (Fellowship number IF2324/24008). You can find the summary briefing from this project and any further information from www.equalitytrust.org.uk
For this storyteller wealth is monetary value but recognises that wealth can also associated with other things (e.g. happiness) . The storyteller talks about how co-residence with her parents has been instrumental for building wealth by enabling her to build savings which she used for buying a house (which in turn facilitated her to build further savings and buy second home). The storyteller does not attribute co-residence with parents as a cultural factor. Rather she perceives high living costs (especially high housing costs) as main driver of its necessity for building wealth. The storyteller stressed the importance of having basic financial guidance and goals for building wealth and sharing experience from people who have been successful in accumulating wealth (especially from people who despite not having wealth upbringing have managed to build wealth).
