Minorities lag in investing

by urbano411 | October 13, 2007 at 09:23 am

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Economic challenges face minorities now more then ever. Lack of financial education is the greatest setback for any groups economic advancement. As minorities struggle to move forward in the financial landscape, it is most important that they attain a better knowledge of finance and business to build greater financial success for future generations.

Experts attribute lower investment rates to poor instruction on financial topics in public schools, and misconceptions about the risk of stocks within parts of the black community. Employers have also been urged to tailor their messages on retirement savings to account for what some black and Latino executives say are important cultural differences. And the federal government has been urged to strengthen its national strategy for financial literacy, which has been criticized as ineffective.