Deborah Owens of The Wealth Coach says that married family households who help out single households financially aren’t building wealth. From lending family money to car repairs, Owens believes that the enabling needs to stop. That way, married households can use their money toward building real wealth.
Owens spoke with “NewsOne Now” on other solutions for stopping the enabling and building wealth. “This wealth gap is just not a wealth gap, it’s a knowledge and execution gap,” said Owens. “So what African Americans need is to become knowledgeable at how the financial markets work and we have to increase our risk and tolerance.”
Roland Martin spoke with a caller who did not agree that single households were hurting the wealth gap. Hear her debate with Martin below. Do you agree with her point of view?