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BIPOC influencers are teaching their communities how to manage money. 

Jan 11 2022

BIPOC influencers are teaching their communities how to manage money. YPulse’s Self-Taught trend research found that 55% of 13-39-year-old BIPOC consumers say they wish they learned more about personal finance in school. But due to systemic racism and many other factors, there has been a “glaring disparity” in financial literacy between BIPOC and their White counterparts. And for years, many notable figures in the personal finance space—including Dave Ramsey, Peter Lynch, and Suze Orman—have been White, which has made it harder for BIPOC communities to relate. Now, a wave of BIPOC influencers are teaching their communities how to manage their money. Nika Booth is a money coach and personal finance creator who has been documenting her progress toward being debt free on Instagram; Dannielle Romoleroux has been breaking down issues on her YouTube channel that many kids of immigrant parents face, including what happens when they’re on their parents’ retirement account; Gianni LaTange uses their Instagram account to talk about how to build generational wealth through real estate, even with low or moderate income levels. We told you that financial advisors are a profession that has been taking over TikTok, and the number of BIPOC online creators involved in this space is growing. (Mic)