Eco Summit Highlights Wealth-Building in the Black Community
Financial empowerment, generational wealth, business strategies and more were highlighted at the Let’s Rise Economic Summit held at CSU Dominguez Hills on Aug. 31.
Financial empowerment, generational wealth, business strategies and more were highlighted at the Let’s Rise Economic Summit held at CSU Dominguez Hills on Aug. 31.
A recent Washington Post story found that Black Americans donate a higher share of their wealth than their white counterparts – to the tune of around $11 billion each year. Given their cultural and educational importance to the Black community, HBCUs are the repository of much of these donations with a number of household names – and some you may not know – making big-dollar contributions to these institutions.
Families, who have assembled the necessary financial resources to apply, qualify, and then purchase a home, understandably value that key investment and its accompanying opportunity to build wealth; but buying the home is just the first step of securing the American Dream of homeownership.