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Mo’ Money

A recent study by the Consumer Federation of America suggests that the median household income of blacks is growing by record levels; however, this increase remains far less than the wealth figures for other Americans. What that means is that the opportunities for blacks to accumulate wealth are greater than ever but spending habits must change so that more of our money is retained and put to use through savings and investments. The article also highlight the Black America Saves initiative as promoted by BET which is part of the larger America Saves program.

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