“The ability to transfer wealth from one generation to the next is the driving force behind ending [poverty].
Most wealth in the United States is gained from the appreciation of home values over time. Twenty-five percent of Americans’ wealth, the sum of all [assets], comes from the increased value of homes — and that number is nearly 50% for people of color.”
It’s very evident in recent news that wealth is decreasing within certain groups, and even wider credit access is not solving the problems. However, there is a solution, and it involves your FICO score, and how it works. Don’t hear it from me, though; Ben Hecht with CNN Money has the real scoop: