As adults, well-off Black Americans are less likely to have acquired knowledge from their parents about how to invest wisely than their White counterparts. This is a result of ________.

Question

Quizplus · Accepted Answer

Wealth inequality is a significant factor contributing to disparities in financial literacy and investment knowledge among different racial groups. Historical and systemic economic disparities have resulted in less generational wealth and fewer opportunities for financial education within many Black American families compared to their White counterparts.

As Adults, Well-Off Black Americans Are Less Likely to Have