Empowering BIPOC families to have a bright future
Facts
In 2019, the median wealth of Black households in the U.S. was $24,100, compared with $189,100 for white households.
Fact
Just 21 states require students to take personal finance coursework to graduate high school, with only a handful mandating stand-alone classes.
Fact
African Americans answered an average of 37% of the study's financial literacy questions correctly, whereas white Americans answered an average of 55% percent of questions correctly.
2022 TIAA Institute-GFLEC Personal Finance Index
Strengthening BIPOC families
Strengthening BIPOC families has a powerful and positive impact on both the individuals and the community as a whole. When families are supported and empowered, they are better equipped to overcome challenges, build resilience, and achieve their goals. Strong families provide a foundation for healthy relationships, a sense of belonging, and a source of emotional support. By investing in BIPOC families, we can break cycles of poverty, discrimination, and marginalization, and create more equitable opportunities for future generations. When BIPOC families thrive, the entire community benefits from the talents, contributions, and leadership of their members.y to remain engaged and to build upon their creative problem-solving skills.
Building self-esteem in BIPOC families
Building self-esteem in BIPOC families can have a significant positive impact on their overall well-being and success. When individuals feel confident in their abilities and worth, they are more likely to pursue their goals, speak up for themselves, and take care of their mental and physical health. This can lead to improved relationships within the family and community, as well as greater success in education and career opportunities. Building self-esteem in BIPOC families can also help to combat the negative effects of systemic oppression and discrimination, as individuals are empowered to challenge and overcome these obstacles. Ultimately, building self-esteem in BIPOC families can lead to greater resilience, happiness, and a brighter future for all members.
