Addressing Financial Literacy in the Black Community

Financial Matters with Richard Oring

Today, Rich and Jag welcome Xavier Angel, out of New Century Financial Group's New Orleans office. Rich and Xavier thought Black History Month would be a good time to address the issue of financial literacy in the Black community.
Xavier cites the percentage of households below the poverty line for White., Black, and LatinX households. The differences are stark. How did we get here? As a Black financial advisor, Xavier can cite examples of systematic inequalities that he's witnessed firsthand.
Rich and Xavier get along very well because of similar values - both were raised to give back to the less fortunate. In fact, Rich cites a video about the importance of giving, as part of Home Depot's onboarding process. (and not being recognized for it). You can see that video here: https://vimeo.com/146029996
Xavier discusses financial literacy - conversations that he's having with all clients, regardless of race or ethnic background. This includes the importance of having an emergency fund, the power of home ownership, and the need to make sure your credit report is accurate.
If you'd like to connect with Rich in New Jersey, or Xavier in Louisiana, feel free to reach out.
[e-mail]
[e-mail]
Or call 609-924-2049 - Xavier at extension 505 or Rich at extension 126