From washingtonpost.com.
During an expansive Q-and-A session with Morehouse students after his speech, Bernanke was asked about the household wealth gap between whites and blacks in America.
“It’s absolutely right the difference between minority and white wealth is very significant, and part of that is related to income levels where whites have a higher average income,” Bernanke said. “But even if you control for income level, you find minorities have gathered less wealth.”
Part of the cause, Bernanke said, is a lack of “financial education.” (more…)
You can see this even here in the Black blogosphere. How many finance blogs do you know of that deal with personal investing on a regular basis?
Most ignorance is vincible ignorance. We don’t know because we don’t want to know.
Aldous Huxley
