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Black WallStreeter Provides Critical Financial Literacy to Youth

According to a 2015 report from PwC , millennials lack the financial education that they need to thrive in today’s world. The report found that over 40 percent of millennials relied heavily on costly payday loans and rent-to-own financing alternatives, and more than 20 percent made withdrawals from their retirement accounts. While parents may shake their heads at these figures, Kevon L. Chisolm, Esq. is one parent who believes the solution is simple — start early. Chisolm, who is president of Umoja Investments, LLC, began teaching his 11-year-old son , Kamari Chisolm, about finances at an early age. The need to share this knowledge with other young people led the father-and-son duo to establish Black Wallstreeter Consultation Services in 2019. The company works with schools to increase youth knowledge of building and retaining wealth through investments and other means. “It is important for youth to learn about how to build financial wealth and investing, because the sooner...

Emily Adeyanju

Dec 31, 2019