Support from Black women in our community is crucial, especially in times like this, and the best way to do so is to share resources that can help uplift one another.
Cassandra Cummings — founder of The Stocks & Stilettos Society — is doing her part to get Black women involved in the investment industry to increase their wealth.
The wealth gap for Black women has continuously increased over the years, and according to CNBC, Black women are paid 61 cents for every $1 that their white male counterparts earn.
In an effort to dispel this fact, Cummings and The Stocks & Stilettos Society will be hosting a virtual summit next month to “educate, inspire, and empower young Black girls to learn more about the endless possibilities of investing in the stock market,” Black News reports.
Cummings has experience as a licensed financial advisor and building her own wealth portfolio through stock trading and investing.
Her main observation over the course of her career has been the lack of Black women actively involved in the industry.
Her next move was to then create a safe space for Black women who are eager to learn more about the stock market and how investments work.
Black Girls Invest Virtual Summit caters to young Black girls ages 16-22 and aims to educate and introduce them to personal finance concepts including banking, budgeting, credit management, and stock market investing, Black News reports.
Black News also reported that the virtual summit will include educational and interactive lessons from various financial professionals and investment experts.
To register for the summit, click here.