{"id":261,"date":"2022-01-18T19:02:14","date_gmt":"2022-01-19T01:02:14","guid":{"rendered":"https:\/\/wp.stolaf.edu\/financialliteracy\/?page_id=261"},"modified":"2023-06-07T08:19:51","modified_gmt":"2023-06-07T13:19:51","slug":"generationalwealth","status":"publish","type":"page","link":"https:\/\/wp.stolaf.edu\/financialliteracy\/financial-stress-2\/generationalwealth\/","title":{"rendered":"Generational Wealth"},"content":{"rendered":"<div data-modular-content-collection><!-- begin-migrated-from-panel-builder -->\t\t\t<div\n\t\t\tclass=\"site-section site-panel__wysiwyg panel panel-wysiwyg site-section__bg--default\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"wysiwyg\"\n\t\t>\n\t\n\t\t\t<div class=\"site-section__inner l-wrapper site-section__inner--top-padding-none site-section__inner--bottom-padding-none\">\n\t\n\t\n\t\t\n\t\n\t\n\t<div class=\"site-section__content \">\n\t\t<div class=\"site-grid site-grid__wrapper site-grid__wrapper-stagger\"\n\t\t\t data-depth=\"0\"\n\t\t\t data-name=\"columns\"\n\t\t\t data-livetext>\n\n\t\t\t\t\t\t\t<div class=\"site-grid__col\">\n\t\t\t\t\t<div class=\"site-panel__wysiwyg-content\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"t-content \"\n\t\t\t\t\t\t\t\t data-depth=\"0\"\n\t\t\t\t\t\t\t\t data-index=\"0\"\n\t\t\t\t\t\t\t\t data-autop=\"true\"\n\t\t\t\t\t\t\t\t data-name=\"column_content\"\n\t\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t<blockquote>\n<div class=\"c-factbox__copy\">In 2019, white Americans had a median family wealth of $188,200, while Black Americans had a median family wealth of just $24,100.<\/div>\n<\/blockquote>\n<div><\/div>\n<div><\/div>\n<div class=\"c-factbox__sources\">Source:\u00a0<a href=\"https:\/\/www.federalreserve.gov\/econres\/notes\/feds-notes\/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm\" target=\"_blank\" rel=\"noopener\">U.S. Federal Reserve<\/a><\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div> <!-- .site-grid__col -->\n\t\t\t\n\t\t<\/div> <!-- .site-grid, .site-grid__wrapper -->\n\t<\/div> <!-- site-section__content -->\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n\t\t\t<div\n\t\t\tclass=\"site-section site-panel__wysiwyg panel panel-wysiwyg site-section__bg--default\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"wysiwyg\"\n\t\t>\n\t\n\t\t\t<div class=\"site-section__inner l-wrapper site-section__inner--top-padding-none site-section__inner--bottom-padding-none\">\n\t\n\t\n\t\t\n\t\n\t\n\t<div class=\"site-section__content \">\n\t\t<div class=\"site-grid site-grid__wrapper site-grid__wrapper-stagger\"\n\t\t\t data-depth=\"0\"\n\t\t\t data-name=\"columns\"\n\t\t\t data-livetext>\n\n\t\t\t\t\t\t\t<div class=\"site-grid__col\">\n\t\t\t\t\t<div class=\"site-panel__wysiwyg-content\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"t-content \"\n\t\t\t\t\t\t\t\t data-depth=\"0\"\n\t\t\t\t\t\t\t\t data-index=\"0\"\n\t\t\t\t\t\t\t\t data-autop=\"true\"\n\t\t\t\t\t\t\t\t data-name=\"column_content\"\n\t\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t<h5 style=\"text-align: left;\">The term \u201cgenerational wealth\u201d refers to assets passed by one generation of a family to another. Those assets can include stocks,\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/b\/bond.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">bonds<\/a>, and other investments, as well as real estate and family businesses. In recent years generational wealth has become a focal point in discussions about the\u00a0<a href=\"https:\/\/www.investopedia.com\/the-racial-wealth-gap-5105010\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">racial wealth gap<\/a>\u00a0and the increasing concentration of wealth in the U.S., because it plays a substantial role in both.<\/h5>\n<h3><a href=\"https:\/\/player.fm\/podcasts\/generational-wealth\">Generational Wealth Podcasts<\/a><\/h3>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div> <!-- .site-grid__col -->\n\t\t\t\n\t\t<\/div> <!-- .site-grid, .site-grid__wrapper -->\n\t<\/div> <!-- site-section__content -->\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n\t\t\t<div\n\t\t\tclass=\"site-section site-panel__imagetext panel panel-imagetext site-section__bg--default\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"imagetext\"\n\t\t>\n\t\n\t\t<div class=\"site-section__inner site-section__inner--no-padding\">\n\n\t\n\t\n\t<div class=\"site-grid site-grid__no-gutters  site-panel__imgtxt-img-left\">\n\t\t<div class=\"site-grid__col\">\n\t\t\t\n\t\t\t\t\t\t\t\n<div class=\"c-video\">\n\t<div class=\"wp-embed wp-embed--lazy\"><div class=\"wp-embed-wrap\"><iframe loading=\"lazy\" title=\"How to build generational wealth\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/9RqqjqqyxtE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/div>\n<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"site-grid__col site-grid__col-safari-fix\">\n\t\t\t<div class=\"site-panel__imgtxt-content\">\n\t\t\t\t\n<div class=\"c-text\">\n\n\t\n\n\t\t\t<div class=\"c-text__desc t-content\" data-depth=\"0\" data-name=\"content\" data-autop=\"true\" data-livetext>\n\t\t\t<p>Troy Millings and Rashad Bilal, co-founders of the &#8220;Earn Your Leisure&#8221; podcast, share their top tips for investing in our children and helping them build a brighter financial future.<\/p>\n\n\t\t<\/div>\n\t\n\t<\/div>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n\t\t\t<div\n\t\t\tclass=\"site-section site-panel__imagetext panel panel-imagetext site-section__bg--default\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"imagetext\"\n\t\t>\n\t\n\t\t<div class=\"site-section__inner site-section__inner--no-padding\">\n\n\t\n\t\n\t<div class=\"site-grid site-grid__no-gutters  site-panel__imgtxt-img-right\">\n\t\t<div class=\"site-grid__col\">\n\t\t\t\n\t\t\t\t\t\t\t\n<div class=\"c-video\">\n\t<div class=\"wp-embed wp-embed--lazy\"><div class=\"wp-embed-wrap\"><iframe loading=\"lazy\" title=\"Generational Wealth &amp; Financial Literacy: Kevin Hart |YOU CAN START TODAYl Motivation\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/2PcTvcQ2rRU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/div>\n<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"site-grid__col site-grid__col-safari-fix\">\n\t\t\t<div class=\"site-panel__imgtxt-content\">\n\t\t\t\t\n<div class=\"c-text\">\n\n\t\n\n\t\t\t<div class=\"c-text__desc t-content\" data-depth=\"0\" data-name=\"content\" data-autop=\"true\" data-livetext>\n\t\t\t<p>Comedian, movie star, and black entrepreneur Kevin Hart speaks on the importance of sharing financial literacy with in the black community to elevate the next generation.<\/p>\n\n\t\t<\/div>\n\t\n\t<\/div>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n<!-- end-migrated-from-panel-builder --><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1247,"featured_media":0,"parent":269,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-261","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/users\/1247"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/comments?post=261"}],"version-history":[{"count":13,"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/261\/revisions"}],"predecessor-version":[{"id":337,"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/261\/revisions\/337"}],"up":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/269"}],"wp:attachment":[{"href":"https:\/\/wp.stolaf.edu\/financialliteracy\/wp-json\/wp\/v2\/media?parent=261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}