“The retirement security problems facing so many Americans are much more acute among minority groups. Income disparity is an important cause, but recent research also shows that some of the gap could be due to differences in investing patterns.

A growing number of advocates feel that having more African-Americans involved in financial planning could help.

“We’re trying to figure out how to change that,” said Ajamu Loving, director of academic partnerships at the American College, which recently launched a new initiative aimed at collaborating with historically black colleges and universities to train more financial planners.

Loving said his main goal is to clear the path for professional career opportunities. But just as important is the chance to help minority families build wealth.” -Time

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