In a recent Bank of America report, a staggering 47% of American workers claimed to feel financially free. However, upon closer examination, the report revealed concerning disparities across race and gender lines. Joining Wealth! to shed light on how women and people of color can achieve greater financial freedom is Operation HOPE CEO John Hope Bryant.
In a society where race and gender have historically played a significant role in financial and wage inequalities, Bryant notes that a shift is underway. He observes that people are increasingly "wanting to understand how stuff works" when it comes to financial health and preparedness. However, he contends that the root of the problem lies not in what people don’t know about finances, but rather "it’s what they think they know but they’ve confused making money with building wealth."
"In ten years, this country will be a majority of minorities, but are they prepared for the economy?" Bryant told Yahoo Finance.
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