In today's society, building generational wealth is a goal that many individuals strive to achieve. However, for underserved groups, such as Black entrepreneurs, there are unique systemic and mental barriers that need to be addressed. Developing a wealthy mindset is the crucial first step towards attaining financial success. By changing the way we think and adopting certain strategies, it’s feasible to overcome these barriers and create a path towards generational wealth. The Breakdown You...

President Joe Biden’s student loan debt forgiveness program has approved more than 16 million people as the legal battles wage on. California, Florida, New York and Texas had the highest number of fully approved program applicants. Even with the program on hold for now, it still has the potential to start closing the racial wealth gap. The Breakdown You Need To Know: The U.S. Department of Education stated that more than 60% of the 26 million people who applied to their program have had their...

This article is more than 6 years old. Shutterstock Artificial Intelligence may be pushing the limits of decision making. Banks that want to use AI still have to adhere to several industry specific rules primarily around transparency. Other industries like tech don’t have the same hurdles to climb when it comes to regulation around there AI efforts. Rules for banks were put in place to protect poor and minority consumers, including laws which are supposed to ensure the equal treatment of...