What We Know
Personal finance is a crucial aspect of empowerment for Black Americans, shaped by both individual efforts and the historical and systemic challenges they have faced. From the legacy of slavery and segregation to ongoing wealth disparities, Black individuals often encounter unique barriers in building wealth. Despite these challenges, there is a strong tradition of resilience through entrepreneurship, investing, and community support. In recent years, the focus has expanded to financial literacy, access to homeownership, retirement planning, and generational wealth, with advocates working to break down both personal and structural obstacles such as limited access to credit, wage gaps, and unequal educational opportunities. By fostering financial education and encouraging wealth-building strategies, the Black community is not only addressing past injustices but also paving the way for a more equitable economic future.
