KEY POINTS Many Black Americans missed out on the hefty gains from the stock market due to historically low equity ownership. Only 34% of Black American households owned equity investments as compared with 61% of white families, according to Federal Reserve Board’s most recent survey in 2019. The primary way that Americans build wealth and invest …
Robert F. Smith is backing yet another initiative that aims to support Historically Black Colleges and Universities (HBCUs). The billionaire and his non-profit, Student Freedom Initiative, has teamed up with Prudential Financial to financially assist HBCU students, according to Black News. The new program, powered by the collaborative effort, is named Handling Everyday Life Problems for Students (HELPS). “Student Freedom Initiative applauds the leadership of …
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