Financial Literacy

Can Improved Financial Literacy Close the Racial Wealth Gap?

Can Improved Financial Literacy Close the Racial Wealth Gap?

In the US, the median Black household has just 10% of the wealth of the median White household, a problem known as the racial wealth gap. A number of solutions have been proposed over the years, including financial literacy courses for Black teenagers and adults to help them learn the skills needed to build wealth. But would these classes alone be enough to close the gap? Let’s review some of the research.

Continue reading →

Posted by Frank Crump in Financial Literacy, 0 comments