, 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.