Real Estate

Here’s how Black Americans can begin building wealth right now


MoMo Productions | Taxi | Getty Images

When it comes to building wealth, many Black Americans are facing an uphill battle.

The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5 million of the country’s Black households have a negative net worth due to debt.

“Oftentimes, the issue with savings and wealth building is that folks don’t make enough money,” said report co-author Shelley Stewart III, who leads McKinsey’s research on Black economic mobility in the U.S.

“We need to address that as a broader society, typically with communities of color.”

In addition, Black households generally…


0 0 votes
Article Rating

Tesla debuts ‘FSD’ subscription for $199 per month

Previous article

Activist investor collaborates with company to boost profits, improve working conditions for women

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate