Intergenerational Planning and the Racial Wealth Gap

3 Basic understandings to Begin Intergenerational Wealth Planning in Black Families

As collective public awareness of the disparities in wealth between White and Black households grows, along with the various causes from a historical and contemporary perspective, the scope and magnitude of the issue can take on a mythological and possibly even insurmountable scale. Black families have a median and mean wealth of less than 15% of White families. Just 17% of Black families own their homes, compared to 46% of White families. These are just two of the staggering and long-persisting numbers shared in the most recent Federal Reserve survey of consumer finances.

Passionate Financial Advisor focusing on the Racial Wealth Gap, Small Business and Non-profit Advocate, Community Volunteer, and Die Hard FSU Seminole.