Breaking the Cycle: How Life & Legacy Planning Protects Black Families’ Generational Wealth
2025.06.13 The statistics are sobering. According to the Federal Reserve’s 2022 Survey of Consumer Finances, the wealth gap between white Americans and Black Americans is approximately $241,120. This disparity didn’t happen by accident. It’s the result of centuries of policies and practices that systematically prevented Black Americans from building and preserving wealth. From slavery and Jim Crow laws to discriminatory lending practices, each generation of Black families has faced unique challenges in creating financial security. However, many people don’t realize that even when Black families manage to build wealth despite these obstacles, that wealth can be lost between generations. The…
View Post