Why it Matters-Black borrowers typically graduate with higher levels of student debt and often take longer to repay their loans due to longstanding wealth disparities. Changes to repayment plans, and loan could disproportionately affect Black families seeking higher education and economic mobility.
Tag: Black wealth
Posted inMONEY
The Retirement Gap: Why Black Women Face Greater Financial Risks Later in Life. According to New Research
Retirement accounts have become America’s largest source of wealth, but new research shows many Black women face significant barriers to building retirement security. Here’s what the findings mean and what can be done to close the gap.