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Five years ago, Emily Bookstein was fresh out of Harvard, debt-free thanks to her grandparents. Her dad had just given her $10,000, money he had put aside for her college education but ended up not needing. She now works in tech, and her most recent salary was $104,000.
This is Bookstein’s “money story,” a term the nonprofit Resource Generation (RG) uses as part of its work to help wealthy millennials give their money to groups fighting social, economic and racial injustice. The idea of the money story is to get people to be open about their relationship with money – how much they have, where it’s from and how it’s benefited them.
RG aims to break this. The 20-year-old organization works with around 500 members ― all between ages 18 and 35 and in America’s top 10 percent by wealth ― through 17 chapters across the U.S.
The idea is to help them to understand where their wealth came from, how it’s connected to inequality, and how to “move” it (to use RG parlance) to grassroots movements. There’s practical education on how to budget, be accountable and evaluate organizations to make sure money is put directly into the hands of those affected by injustice.
Many RG members say that it’s a choice between doing nothing or really examining their relationship with class and wealth. “My life is an example of things that are unfair and [that] I want to work against,” says Bookstein, “but I think that’s also what motivates me, because I can constantly see the way that the system is working to my advantage, and that’s what motivates me to fight harder against it.”
Read the full article about millennials giving back by Laura Paddison at Huffington Post.