An image of money in a piggy bank.
Creative studio Stocksy / Cactus.
It takes the average black family 228 years to accumulate the same wealth like a white family, according to the Institute for Political Studies. And that’s no surprise, really – considering the late departure of black Americans in access and management of wealth, all because of the racism that persists (and affects our money) even today. Finally, however, many families like mine are starting to overcome the generational curses that come with all this inequality –starting with teaching their kids financial literacy, a way to get rooted in building wealth.
Financial literacy has not been modeled at …
Read Additional From Source
Copyright @ sports.yahoo.com
News Highlights Finance
- Headline: Financial illiteracy is a generational cycle that black families are struggling to break
- Check all news and articles from the Finance news updates.
For Latest Updates Follow us on Google News
- Show all
- Most Viewed