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Black Wealth: It Only Looks Like We Are Rich!

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Gospel Interviews

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To the casual observer one could draw the conclusion that Black people are doing well. But how is this possible when, according to Money Coach Lynnette Khalfani-Cox the median net worth of Black households in 2009, was  $2,200 compared with a median net worth of $97,900 for White households.

How are we able to look so wealthy when the truth is of the 36 million African Americans, less than .01 percent or 112,000 of Black households in the U.S. have a net worth of $1 million or more. Even at $500,000 in net worth only 333,000 Black household fall into this range. Given these facts, not very many African Americans are truly wealthy even though we look like we are. Join me and my special guest Harold Leffall for insights and solutions!

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