How to bridge the racial wealth gap
The ethnic minority wealth gap in the UK is wider than any other, and especially so for Black women. Black households are less likely to be home owners and Black households are disproportionately affected by debt. This week Financial Adviser editor Simoney Kyriakou is joined by a panel of experts to discuss what action is needed to prevent women from Black and ethnic minority communities in the UK from being consigned to financial hardship and a poor retirement outcomes. She is joined by Thomas Lawson, chief executive of Turn2us; Davinia Tomlinson, founder of Rainchq; and Emma Hughes, communications director for the Personal Finance Society. They discuss the importance of accessible financial education, the structural inequalities in the UK's social security system and why a more diverse financial advice profession will help address this wealth gap.
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