Diverse: Issues In Higher Education
Hairston and Ford, from low-income backgrounds, advocate for financial literacy in Black and Brown communities. Systemic racism contributes to Blacks being low income, even when employed. Financial literacy should be taught in schools from middle school, with prevention and early intervention strategies. They recommend teaching financial principles, integrating financial literacy into math classes, inviting guest speakers, teaching investment strategies, and involving families and local businesses. Breaking poverty cycles and building generational wealth are essential.