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AdvertisementAdvertisementGoldman Sachs' Black Women Initiative released a new report that asked over 2,000 Black women about money. In an effort to shed light on critical workforce disparities affecting Black women, Goldman Sachs' Black Women Initiative released a new report: "Money Matters: One Million Black Women Economic Mobility Survey." In fact, 63% of Black women report that they are optimistic about their futures. This comprehensive investment in Black women includes direct investing, which emphasizes financial health and digital connectivity across areas that directly impact Black women and their lives. It's led by Black women, advised by a council of Black leaders from across the country in partnership with Black women-led organizations, and most importantly centers Black women with the goal of positively impacting over 215,000 Black women across the core investment pillars of healthcare, job creation and workforce development, education, affordable housing, digital connectivity, financial health, and access to capital.
Persons: Goldman Sachs, , Asahi Pompey, It's, Black, Pompey Organizations: Service, Economic Mobility Survey, Asahi, Goldman Sachs Foundation, Goldman, Goldman Sachs Investment Locations: Black, America, United States
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York, November 17, 2021. Goldman Sachs is investing more than $2.1 billion into Black women-owned businesses and nonprofits via the investment bank's One Million Black Women program — and leaders say it's only the first chapter. One Million Black Women launched in March 2021 with the bigger goal of having a positive impact on the lives of 1 million Black women by 2030. "Turbo boosting Black women entrepreneurs is a key part of the work that we do," Pompey said. The ripple effect of investing in a Black woman entrepreneur is tremendous."
What does 2023 hold for investors? Prediction: Debt bombSarah NewcombSarah Newcomb, director of financial psychology at Morningstar“I’m concerned about the lack of saving in America as a whole. We had a moment of higher savings rates when the pandemic first hit, and people realized they needed to be prepared for anything. The optimism of these entrepreneurs for continued growth in the new year points to resilience amid some tough financial decisions they’ll likely make in 2023. “For instance, we expect to see a rise in debt consolidation as business owners look to combat the rate environment.
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