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NBA Star Chris Paul and Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, today announced a full-court press initiative to “draft” 1 Million Black and Brown kids to become the next generation of savers and investors, kicking off during Black History Month. The initial round of the “Drafted” campaign will tip off on February 1 with NBA star and NBPA president Chris Paul “drafting” 100 kids who participate in his Club 61 Leadership Alliance from his

by Damon Carr You panic when there’s news of a down market. You assume that your investment portfolio is doing well when there’s news of a thriving economy. You may be one of those people that shy away from investing or you invest ultra conservatively because you’re afraid that you’ll lose all your hard-earned money. You may be one of those people who hired an investment advisor and hope that the advisor is leading you in the right direction. I’m not going to give you a hot stock tip.

by BlackPressUSA As a small business owner, the effects of the pandemic may have taken a tremendous toll on your financial picture. Now, as you continue down the road to recovery, you can count on Wells Fargo for the information you need to make more informed and confident decisions. What are the benefits of developing a relationship with a banker? One of the best perks of getting to know your banker is the ability to get help tailored to your business as your needs continue to evolve over time. Whether

Wealth gap costs over last two decades: $2.7 trillion in Black income, $16 trillion to U.S. economy By Charlene Crowell America’s persistent racial income and the wealth gap reality are the result of four intertwined factors: housing, education, business ownership and access to credit. Closing these gaps would facilitate inter-generational wealth creation for Black America and also expand the nation’s economy by $5 trillion over the next five years. These findings come from an extensive report newly-released by a major bank. According to Closing the Racial Inequality Gaps: the Economic