Black women face barriers to building generational wealth: Study ...Middle East

A new study breaks down the challenges Black women face in trying to build generational wealth.  The national survey of 1,200 Black women by Goldman Sachs One Million Black Women (OMBW) found that debt, housing costs and limited career advancement opportunities restrict Black women’s ability to build wealth for themselves and their families.  These challenges persist even as Black women are pursuing higher education.  According to the survey, 28 percent of Black women owe more than $50,000 in student loan debt compared to 11 percent of U.S. adults.  “These survey results are not just numbers. They are stories of Black women who are college students, working mothers and retiree

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