Monday, September 20, 2010

Blacks Trail Significantly In Financial Literacy Compared To All Americans

Please take a few moments to watch this story by my good friend Stephanie Elam.  In this CNN report, Stephanie discusses what is oftentimes a taboo subject within black families and households: money!

One alarming stat from this story is that the median net worth of black Americans is only $28,000 compared to $140,000 for all Americans.

Now that you have a better understanding of the situation, you might be wondering what you can do personally to reverse this trend. You could start by reading this article from Black Enterprise magazine. Being financially responsible is truly a lifestyle decision.

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