As a Financial Advisor with Thrivent, I’m passionate about helping clients not just grow wealth — but to leave wealth. And the statistics for people of color show that legacy building is both a significant challenge and an urgent opportunity.
1. The U.S. Census Bureau reports that White, non-Hispanic householders had median wealth of around $250,400 in 2021; Black households had around $24,520.
2. A 2019 Federal Reserve survey shows median wealth for White families at $188,200, compared to $24,100 for Black families and $36,100 for Hispanic families.
3. Research shows white families are nearly 4 × more likely to receive an inheritance than Black families — a key factor in the generational wealth cycle.
These figures highlight the structural obstacles many families face — but also where strategic action can make a difference: educating about wealth transfer, building diversified assets, and aligning money with one’s long-term purpose.
If you’re ready to move beyond just today’s balance sheet and focus on a legacy that matters — family, values, community — I’d love to connect and explore how we can make that happen.
#Thrivent #FinancialPlanner #LegacyWealth #DiversityInFinance #BuildingGenerationalWealth
Sources
1. https://www.census.gov/library/stories/2024/04/wealth-by-race.html
2. https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.html
3. https://apps.urban.org/features/wealth-inequality-charts/
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