Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Support.
Exposure.
Access.
Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Support.
Exposure.
Access.
Most organizations that focus on financial literacy focus on: budgeting, access to a bank account, building credit, saving, debt management, insurance, home ownership and retirement planning. All of these areas are needed. The Kaleb Cares Foundation seeks to support the individual who has done many or even most of these things and desire exposure to spaces that help them gain an understanding the bigger picture of wealth building and the access to answer the questions:
Now, What's Next?
Insights
Understanding The Numbers
$240,120
.23 to 1
6.9 million
During COVID-19, the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white household and the median Black household.***
Black families owned about 23 cents for every $1 of white family wealth, on average, while Hispanic families owned about 19 cents for every $1 of white family wealth, on average. **
The top 10% of households, by wealth, had $6.9 million on average. As a group, they held 67% of total household wealth.*
Most organizations that focus on financial literacy focus on: budgeting, access to a bank account, building credit, saving, debt management, insurance, home ownership and retirement planning. All of these areas are needed. The Kaleb Cares Foundation seeks to support the individual who has done many or even most of these things and desire exposure to spaces that help them gain an understanding the bigger picture of wealth building and the access to answer the questions:
Now, What's Next
Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Financial Equity
Financial Literacy, as defined by Investopedia, is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Support.
Exposure.
Access.
*Source: St Louis State Of Us Wealth Inequity
**Source: St Louis State Of Us Wealth Inequity
***Source: Brookings Edu Wealth Gap
We Are Different.
$240,120
During COVID-19, the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white household and the median Black household.***
6.9 million
The top 10% of households by wealth had $6.9 million on average. As a group, they held 67% of total household wealth.*
.23 to 1
Black families owned about 23 cents for every $1 of white family wealth, on average while Hispanic families owned about 19 cents for every $1 of white family wealth, on average. **
Insights
Understanding The Numbers
.23 to 1
Black families owned about 23 cents for every $1 of white family wealth, on average while Hispanic families owned about 19 cents for every $1 of white family wealth, on average. **
$240,120
During COVID-19, the racial wealth gap increased by $49,950—adding up to a total difference of $240,120 in wealth between the median white household and the median Black household.***
6.9 million
The top 10% of households by wealth had $6.9 million on average. As a group, they held 67% of total household wealth.*