"It is likely true that no group is more in need of basic financial education than members of underserved communities, especially women of color."
Extraordinary Challenges Require Extraordinary Answers.
Reaching retirement with lower savings, women from underserved communities require a carefully constructed plan to generate monthly income.
Black Women Face a 90% Wealth Gap
Black Women Face Costly Wage Gap
The median Black household owns nearly 90% less wealth than the median white household and the gap is even slightly larger for single Black women relative to single white men.
The hourly earnings gap or “wage gap” of Black women stands at 15% relative to white women and 35% relative to white men.
Source: Goldman Sachs
"A Hispanic worker has saved 49 cents for every white worker's dollar."
"Women from underserved communities will benefit from the guidance of financial advisors who collectively possess a huge reservoir of knowledge to be shared."
Educate I Build Confidence I A Path to Financial Security
Black, Latina, and other women of color lack sufficient local level access to resources for financial education. Project 6000 Minutes aims to change that through a nationwide network of experienced financial advisors dedicated to delivering financial education at the local community level.