Bridging the Gap: How AFCPE Professionals Can Help Close the Racial Wealth Divide

Coauthored with Rebecca Wiggins, Executive Director, Association for Financial Counseling & Planning Education

Research shows that the average wealth of White families has grown 84% over the past 30 years, which is 1.2 times the rate of growth for Latino households, and three times the rate for Black households. It is projected that by the year 2043 when people of color will become the majority of the population, the wealth divide will have doubled from $500,000 in 2013 to over $1 million ( Prosperity Now (formerly known as CFED, Institute for Policy Studies , 2016).

By this measure, it […]