Since COVID hit, we have been consciously watching situations of income inequality growing as people lose their jobs to homelessness due to job scarcity. James Gutierrez has dedicated his life to resolving the inequality gap between rich and poor so as to find a way to ease the low-income existence, bringing them into a state of having better income for themselves. 1% of Americans hold 29% of the wealth according to the US Federal Reserve. The Richest of 400 wealthiest Americans pay less taxes, and James Gutierrez feels there is something wrong with these numbers.
The sheer irresponsibility of companies who do not give people enough sick leave is appalling. They do not support changes in real life, they don’t want change to happen. James Gutierrez feels he can speed things along with causing change to happen. People who do not have a good credit history are left with far higher interest rates. Many do not come from a highly secure financial situation anyway, they will make less money than someone with financial security. James Gutierrez came up with Aura and Oportun to help people “hack the system” or make something better in the way of opportunity happen to them.
New companies are springing up who are trying to break the conventional mold. James Gutierrez is attacking the inequality problem from a variety of angles including a historical perspective. Of COVID, James Gutierrez says ” Black and brown communities have been adversely impacted health-wise,” and he sees this as a direct result of prejudices keeping people in their place. Certain people are not given enough borrowing opportunities due to racial disparities. He is trying to advocate that companies make more opportunities to build wealth as the innovative person that he is trying to become. The wealth gap will someday be resolved.
Learn more about James: https://www.massnews.com/fintech-entrepreneur-james-gutierrez-interview/