Wednesday, August 10, 2011

How to Close the Wealth Gap?

NPR recently hosted financial expert Louis Barajas to talk about the PEW poll on the Hispanic wealth gap. The whole interview is worth a listen or a read. One key identified by Barajas is more education about how to build wealth.

It's really important that we understand that we need to somehow get education out there to this community, that they need to diversify and they need to build their wealth and they need to do it not just all in real estate. Nobody says that real estate is bad. I'm just saying is that they need to diversify it into other types of things like their, you know, mutual funds and their 401Ks.