Not All Debt Is Created Equal: Costlier and Riskier Debt with Less Assets Hinders Wealth Building for Black Households
It can be good to have some debt, as debt can actually help build wealth. But it all depends on the type of debt. Other debt can pose a major financial risk to your financial security. Black households are burdened with risk debt, hindering their ability to grow their wealth. African-American families are weighed down…
