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  • Promoting financial literacy for African Americans
  • Promoting financial literacy for African Americans
    TED Conference, Creative Commons (2017) ©
CASE STUDY

Buy The Block: helping black Americans invest locally

Around a fifth of African Americans say that when it comes to investments and financial planning for their family’s future, their knowledge is lacking. Crowdfunding platform Buy The Block is tackling this problem by helping them easily invest in real estate and support their community in the process.

Location United States

Scope
Researchers from Yale University have found that Americans substantially overestimate society's progress in reducing economic inequality across races; on average, the perceived gap between levels of inequality and reality is 25%. [1] Indeed, African Americans are at least twice as likely as Caucasians to live in poverty or to be unemployed, and in 2014, the difference in median household income between blacks and whites was roughly $28,000, rising from just over $22,000 in 2010. [2][3] Amid the growing wealth gap, crowdfunding platform Buy The Block is working to improve the long-term financial health ...

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