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We did it again.
Another fantastic critique on the state of personal finances. Except this time, the fellas take a crack at the topic.
Last week, I spoke with a fabulous group of ladies about why the African-American community owns just 2% of the wealth in this country. Only 5% of African-American families in this country have a net worth over $350,000, compared to 30% of white Americans.
What are we doing wrong? What are we doing right? What do we need to do in order to light a fire for financial literacy in the African-American community? Has that fire already been lit?
I really like the perspective that this panel brought to the topic. Magic happens when you assemble a talented group of intelligent folks who are at the top of their field.
Again, don’t take my word for it. Check it out this episode of the Midday Money Show for yourself.
How have you refocused on improving your financial literacy? Leave a comment on the new Midday Money Show voicemail. Call: (773) 893-0241
This episode is sponsored by:
We talked about…
- Attitudes in the African-American community present obstacles to preserving wealth.
- How our history in this country impacts the ability to build wealth.
- What we need to overcome as a group in order to become an investing culture.
- Changing financial attitudes among African-American millennials.
- Some barriers that exist to creating generational wealth.
- The relationship to debt for first-generation affluent individuals.
“…in our families we have everything from PhDs to oh-Pookey-please.” ~ Jude Wilson
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