April 3, 2022

In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their sources of inspiration and how they are working to close the racial wealth gap. As protests swept through the nation […]

The wealth gap in the U.S. between Black households and white households remains a stark divide, with the Federal Reserve Board of Governors finding in 2019 that the median white household’s wealth was greater than $188,000, while the median for Black families was $24,000. This data is indicative of a systemic struggle for Black Americans,

Ivy Mcgregor, Rich Paul, Trae Da Truth, and Mai Lassiter have dedicated their lives and their careers to paving the way in industries that have historically excluded Black people by effecting meaningful change and redistributing the weight of the power scales. Despite America’s large racial wealth gap, 2022 is witnessing a rise Black philanthropy. According to the Federal

Nearly all real estate lending relies on “appraised value”—an estimate of a property’s value based on comparable sales or income. It is used to determine project feasibility, acquiring or constructing buildings and financing the built environment. It’s the sanctioned underwriting tool used by banks, regulators and government for real estate loans. Appraised value lending is

When Tanya Hayles founded popular online community Black Moms Connection (BMC), she didn’t want the group’s purpose to be merely inspirational – she wanted tangible outcomes for Black mothers in the community. “Moms in the group were asking questions like, ‘How do I start a business?’ or, ‘How do I save for my child’s education?’ I wanted

Nearly one-quarter of adults in the U.S. are unbanked (they do not have a checking, savings, or money market account) or underbanked (they have a bank account but also use an alternative financial service product), according to the Federal Reserve. That’s nearly 60 million people! Sheena Allen—raised in Terry, Mississippi, started building apps in college, worked

The pandemic placed financial pressures on many Americans, but not all groups have been affected equally. Studies show the wealth gap has widened, leaving the ultra-wealthy in a better position and placing Black and Latino households, in particular, in a worse state than before the public health crisis. A new poll from online life insurance

Jacqueline ‘JaQ’ Campbell  CEO and senior wealth advisor  Alexander Legacy Private Wealth Management, a part of Carson Group Network What does Black History Month mean to you?   Black History Month means that I have been released to go after my destiny!  I am blessed to have a birthday at the start of Black History Month,

Stratos Wealth Holdings (Stratos), a family of wealth management firms on a mission to support the development of growth-minded financial advisors across the country, congratulates Kenneth Royster, president, CEO and wealth advisor with First Genesis of Virginia on being one of the 12 Black business leaders featured in Virginia Business Magazine’s special edition on the African American business

“Being Black myself, growing up not necessarily having a ton of financial literacy conversations at the dinner table, I feel it’s important to give that knowledge to clients that look like myself,” he said. McCurdy is an executive director at Manhattan West LLC, an independent minority-owned RIA based in Los Angeles, where he provides tailored wealth management services to