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Black parents talk to their kids about money more than white parents, but the racial wealth gap persists Published: Dec. 11, 2020 at 1:58 p.m. ET By ‘We know that having financial capabilities does not automatically equate to having the ability to build wealth.’
Black parents were more likely than white, Hispanic and Asian parents to say it was extremely important to talk to their child about saving and spending wisely. iStock/FG Trade Email icon
Black parents are more likely than their white counterparts to discuss financial goal-setting and other money topics with their children, according to a new survey that also provides fresh evidence of the enduring racial wealth gap.