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racial wealth gap

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AFROTECH Executive: Northwestern Mutual’s Abim Kolawole Shares How Corporations Can Help Close The Wealth Gap

Abim Kolawole, chief audit executive at Northwestern Mutual, shares how corporations can help close the wealth gap.

Sep 20, 2023

Stackwell, Hampton University To Provide Seeded Investment Accounts To Every Student In The Freshman Class

Stackwell and Hampton University have created a program for students that will free create funded investment accounts.

Dec 12, 2022

How 41-Year-Old Lakisha Simmons Secured Her Retirement Bag Of $850K As A Single Mother

Lakisha Simmons is a 41-year-old Black single mother who secured her retirement bag of $850,000. Here's how she pulled it off.

Black Women In Georgia To Receive $850 A Month Through Income Pilot Program

650 Black women in Georgia will receive $850 per month due to a new income pilot program to improve their mental health and financial status.

Dec 10, 2021

Out Of 724 Billionaires In America, Only Seven Are Black  — What Does It Take To Join The Club?

Even with all the obstacles against Black Americans, becoming Black billionaires is still not an impossible goal to reach.

Sep 20, 2021

NBA's Steph Curry Sets Out To Close The Racial Wealth Gap With Nonprofit NinetyToZero

Stephy Curry has joined nonprofit NinetyToZero as a partner to help toward their commitment to closing the racial wealth gap.

Jul 28, 2021

The Highland Project To Distribute $100K Grants To Narrow Wealth Gap For Black Women Leaders

The Highland Project is launching a fund to help support Black women leaders in America and offer financial assistance to help close the racial wealth gap.

Jul 6, 2021

Morgan Stanley's Jesse Walton Sees The 'Bigger Picture' To Closing The Racial Wealth Gap

Jese Walton's shares why he thinks financial literacy and investing in stocks can help build generational wealth and close the wealth gap for Black people.

Jul 5, 2021

Study Finds Black American Workers On Average Earn $12K Less Than The Median Wage In The U.S.

McKinsey & Company reveals eye opening findings in its "The Economic state of Black America: What is and what could be" report. 

Jun 17, 2021

MassMutual Great Lakes, First Independence Bank Announce Partnership To Close Racial Wealth Gap

MassMutual Great Lakes is teaming up with Michigan's only Black-owned bank to provide complientary financial wellness sessions to the community!

May 18, 2021

While Millennials Only Account For 5 Percent of U.S. Wealth, Gen Xers Are Doing Better Than Ever

Generation Xers are emerging from the pandemic more wealthy and economically stable compared to other generations, specifically millennials. 

May 7, 2021

New York Life Launches $1B Impact Investment Fund Aimed At Closing The Racial Wealth Gap

New York Life has announced a $1 billion impact investment initiative aimed at addressing the looming issue that comes along with the racial wealth gap.

Apr 27, 2021

Car Sharing Marketplace Turo Commits $1M in Funding Toward Addressing America's Racial Wealth Gap

Car sharing marketplace Turo has forged a partnership with nonprofit org Kiva to launch its Turo Seed Initiative and help address America's wealth gap.

Nov 18, 2020

JPMorgan Chase Reveals $30B Plan To Serve Black and Latinx Communities

JP Morgan Chase has revealed a 5-year $30 billion plan to advance racial equity and remedy the country's racial wealth gap for Black and Latinx communities.

Oct 9, 2020

Mastercard Commits $500M to Close Racial Wealth Gap For Black Americans and Entrepreneurs

Mastercard announced a $500 million investment in Black communities over the next 5 years to close the racial wealth gap and offer catered finance services.

Sep 23, 2020