Financial illiteracy is a generational cycle that black families are struggling to break

Financial illiteracy is a generational cycle that black families are struggling to break

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.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

For Latest Updates Follow us on Google News

Read Next News
  • Show all
  • Trending
  • Most Viewed

Asian stocks bounce as bond market calms

In this news, we discuss the Asian stocks bounce as bond market calms. ...

Soccer-Jiangsu FC says it will cease operations

In this news, we discuss the Soccer-Jiangsu FC says it will cease operations. ...

Nightly News Full Broadcast (February 27th)

FDA grants emergency use authorization for third Covid-19 vaccine in U.S., House passes Biden's Covid relief bill, and activists denounce increase ...

Show next
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0