African American Generational Wealth

Foundational Black Americans

The term “generational wealth” refers to assets passed from one generation of a family to another. Those assets can include stocks, bonds, and other investments, as well as real estate and family businesses. In recent years generational wealth has become a focal point in discussions about the racial wealth gap and the increasing concentration of wealth in the United States because it plays a substantial role in both.  

Sadly, race has a cascading effect on how families accumulate money throughout their lifetimes, according to new research from two independent financial advisory firms. Their forecasts project that by 2064, today’s typical Black family will have accumulated approximately 70% less wealth than a typical white family. Pay gaps and discriminatory lending contribute to this.

Foundational Black/African American Generational Wealth

The World Academy for Innovation and Entrepreneurship (WAIE) seeks to eradict the racial wealth gap through academic, career, and entrepreneurial resources. WAIE decentralizes European thought and focuses on world culture and world education for our young scholars along with STREAM for Environmental Stewardship, Holistic Health, and Innovation & Entrepreneurship curriculum. However, there are key courses that support the creation of generational wealth for Black people that both our young scholars and their families will have access to as a member of the community.


Less Likely to Drop Out

Black students who have at least one black teacher are 13% more likely to enroll in college, and 39% less likely to drop out of school. However, 6.70% of teachers in the United States identify as Black. Less than the number of Black students in K-12 (15.73%) in the United States. At WAIE, we plan to hire and retain educators who reflect and understand our young scholars.


Want to Start a Business

72% of students want to be an entrepreneur and start their own business one day. Entrepreneurship is the greatest equalizer in wealth disparity. Researchers found that the gap in average wealth between Black and White adults decreases from a multiplier of 13 to 3 when you compare the wealth of entrepreneurs by race. WAIE provides young scholars with the tools needed to start a business during school and after graduation from the course participation element of WAIE.


Unemployment Rate

Assuming our Black students hire mostly Black people from their communities, it could reduce the rate of Black unemployment from 11.4% to about 5%. That would give even more people the chance to provide financial stability for their families, positioning them for success in life, while strengthening areas that need an economic boost.

Middle Education Division

Middle education courses serve young scholars in grade 7 through grade 10 at WAIE. Below are some examples of courses young scholars take related to generational wealth creation.

  1. History of Melanated Entrepreneurship (7th)
  2. Innovation and Entrepreneurship (7th)
  3. Financial Literacy and Planning (7th)
  4. Innovation Ecosystem (8th)
  5. Writing a Business Plan (8th)
  6. Black Wall Street (8th)
  7. Business Communication (8th)
  8. Introduction to Marketing (8th)
  9. Social Media Marketing (8th)
  10. Brain, Mind, and Behavior (9th)
  11. Ethics and Information Technology (9th)
  12. Financial Accounting (9th)
  13. Consumer Math (9th)
  14. Managerial Accounting (10th)

    Upper Education Division

    Upper education courses serve young scholars in grade 11 through grade 14 (college sophomore) at WAIE. Below are some examples of courses young scholars take related to generational wealth creation.

    1. Building New Venture Teams (11th)
    2. Entrepreneurial Law (11th)
    3. Investment Management (11th)
    4. New Venture Financing (11th)
    5. Organizational Innovation (12th)
    6. Energy Entrepreneurship (12th)
    7. Intro to Land Management (12th)
    8. Intro to Operations Management (13th)
    9. Dynamics of the Family Firm (13th)
    10. Global Entrepreneurship (13th)
    11. Nonprofit Management (14th)
    12. Franchising (14th)
    13. Principles of Finance (14th)
    14. Prosperity and Generational Wealth (14th)
    15. Marketing Strategy (14th)
    16. Management Information Systems (14th)
    17. and more!