Переходьте в офлайн за допомогою програми Player FM !
The Racial Wealth Divide
Manage episode 328669586 series 2471867
Senior student loan advisor Lauryn Williams, CFP®, CSLP®, sits down with one of SLP’s newest student loan advisors, James Mwombela, CFP®, to discuss the racial wealth divide and how it has impacted Black Americans’ ability to create wealth. The basis for today’s conversation is a Wall Street Journal article written in August 2021 titled “College Was Supposed to Close the Wealth Gap for Black Americans. The Opposite Happened.”
In today’s episode, you'll find out:
- Why Black college graduates have a lower net worth in the 2020s than in the 1990s
- What is net worth and why does it matter
- Slow income growth and other causes of low net worth for Black households
- How student loan debt is affecting college graduates now versus 30 years ago
- How this phenomenon has impacted the lives of young Black graduates today
- About the history of the racial wealth gap
- Why homeownership is significantly lower for Black graduates
- The role of homeownership in wealth building
- How the lack of financial literacy stops net worth in its tracks
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
- Follow on Facebook, Twitter, or LinkedIn
Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
293 епізодів
Manage episode 328669586 series 2471867
Senior student loan advisor Lauryn Williams, CFP®, CSLP®, sits down with one of SLP’s newest student loan advisors, James Mwombela, CFP®, to discuss the racial wealth divide and how it has impacted Black Americans’ ability to create wealth. The basis for today’s conversation is a Wall Street Journal article written in August 2021 titled “College Was Supposed to Close the Wealth Gap for Black Americans. The Opposite Happened.”
In today’s episode, you'll find out:
- Why Black college graduates have a lower net worth in the 2020s than in the 1990s
- What is net worth and why does it matter
- Slow income growth and other causes of low net worth for Black households
- How student loan debt is affecting college graduates now versus 30 years ago
- How this phenomenon has impacted the lives of young Black graduates today
- About the history of the racial wealth gap
- Why homeownership is significantly lower for Black graduates
- The role of homeownership in wealth building
- How the lack of financial literacy stops net worth in its tracks
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
- Follow on Facebook, Twitter, or LinkedIn
Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
293 епізодів
Alle afleveringen
×Ласкаво просимо до Player FM!
Player FM сканує Інтернет для отримання високоякісних подкастів, щоб ви могли насолоджуватися ними зараз. Це найкращий додаток для подкастів, який працює на Android, iPhone і веб-сторінці. Реєстрація для синхронізації підписок між пристроями.