The goal is to enhance diversity in the financial sector, expose students to credit and money management and help them become savvy consumers and future homeowners. Their Center for Financial Advancement (CFA) recruits, trains, and places Historically Black College and University students into internships and careers with mortgage and real estate companies. HomeFree-USAis a non-profit aiming to close the racial wealth gap by improving financial education, homeownership, and opportunities. “We still are at a disadvantage, but it’s important we become comfortable with having to learn while playing the game,” Barnes told CNN. She sees the well-documented connection between financial literacy and financial wellness as a key to enhancing wealth in the Black community. “Taking the time to address the racial wealth gap highlights many of the roadblocks we as Black Americans currently face,” explained Barnes, a certified financial therapist.
'I'm still pinching myself': 'Grandmother of Juneteenth' on celebrating federal holiday
“Those that came before us were physically free but were unable to earn livable wages or receive an education without its share of defeating challenges,” said Marsha Barnes, Founder of The Finance Bar.ĭata collected by the Board of Governors of the Federal Reserve System shows that in the fourth quarter of 2022, the average Black household’s net worth was about one-fourth that of the average White household. Along the way, the cumulative effect of institutional and systemic racism fomented stark disparities in income, health, education, and opportunity. You can donate to those charities here.įor Black Americans, the end of slavery was just the beginning of a 158-year quest for equality. Impact Your World has gathered ways you can help reject the pathology of racism and thoughtfully celebrate Juneteenth through non-profits that support Black health, wealth, joy, and overall empowerment. The Black community still struggles with pain and inequity.
“We want more of that space and less of the one that harms us.” “We get to celebrate our freedoms we get to celebrate the dismantling of things and lean into what we want in the future,” Cruz said of Juneteenth observance.
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