The Intersection of Race-Based Trauma and Financial Literacy
This webinar is hosted by Center for Financial Social Work
According to Annuity.org, the median net worth of African American communities is approximately $25,000, European American (non-Hispanic) populations approximately $200,000, and Hispanic populations approximately $40,000. The financial wealth disparities experienced by African Americans are affected by mediators ranging from historical systemic disparities to discriminatory housing practices.
Financial disparities contribute to varying levels of stress, increased morbidity rates, and expressions of grief. Understanding the methods of building financial empowerment as a social justice tool may help enhance financial and mental wealth within African American communities.