Kahneman’s new research is on why humans make bad decisions, and financial psychologist Brad Klontz says there are lessons to avoid money and market mistakes.
Household income was increasing and poverty declining before the pandemic. Now financial education is more important than ever to avoid a national crisis.
5 Financial Literacy Lessons That Will Lead to Better Investing Success nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.
, including the lessons they ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.
More needs to be done to help Black Americans achieve financial success, from increased financial literacy resources to realizing the unique power the next generation of Black Americans holds.
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The pandemic has widened the gap between Black-owned businesses and their white counterparts. Black-owned businesses declined by 41% between February and April 2020, compared with a 17% decline among White-owned businesses. Recent research shows that Black Americans knowledge of saving and investing significantly lags behind whites.
In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council.