The wealth of U.S. Black families is below 2019 levels but the economy offers hope for a turnaround

The wealth of U.S. Black families is below 2019 levels but the economy offers hope for a turnaround. Save eagerly, invest prudently, and spend wisely. Know your limits, know your goals, and structure your decisions!

Sources:
*Reuters:
*U.S. Bureau of Labor Statistics, Labor Force Participation Rate – Black or African American [LNS11300006], retrieved from FRED, Federal Reserve Bank of St. Louis; July 21, 2024.
*U.S. Bureau of Labor Statistics, Unemployment Rate – Black or African American [LNS14000006], retrieved from FRED, Federal Reserve Bank of St. Louis; July 21, 2024.
* U.S. Census Bureau, Homeownership Rates by Race and Ethnicity: Black Alone in the United States [BOAAAHORUSQ156N], retrieved from FRED, Federal Reserve Bank of St. Louis; July 21, 2024.

#blackeconomy #unemployment #wealthgap

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