The racial-wealth gap, the recent civil unrest across our country, and COVID-19 have shed a harsh light on centuries of racial economic inequality. Research shows the median wealth of White households is 10 times that of Black households, nearly half of Black households are unbanked or underbanked compared with 20% of white households, and only 44.7% of Blacks own a home compared with 73.7% of Whites. In addition, many Black families lack access to the necessary savings and investments to climb the economic ladder. What can we do to disrupt barriers to access and enable financial growth in Black and other underserved communities?
Learn how three nonprofits are working to address these issues by educating, activating, and empowering the next generation of Black leaders to achieve financial health and build wealth.