25 Best Ways You Can Build Generational Wealth

Generational wealth is about passing on assets and financial legacies to future generations. It's not just about monetary inheritance but also providing resources and tools for success.

Especially for Black and Latin Americans, building generational wealth is crucial to bridge the wealth gap and ensure better opportunities for future generations.

This article will explore 25 strategies to help secure a brighter financial future for you and your descendants.

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WHAT IS THE RACIAL WEALTH GAP?

On average, White households in the United States possess about ten times more wealth than their Black counterparts and eight times more wealth than Latino households. And the wealth inequality gap between White and Latino/Black Americans is growing.

The racial wealth gap is the differences in wealth between White households and their Black and Latino counterpart households. It measures the median differences in the wealth of Whites vs. that of Black Americans or Latinos.

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