Reported 8 months ago
The article discusses the impact of rising interest rates affecting new home construction in the United States, with specific regions sustaining home-building activities despite Federal Reserve's decision to maintain higher rates. Recent housing data shows a decline in construction, while labor market data reveals a decrease in construction activity. A study from Bank of America Private Bank delves into generational differences in investing strategies among wealthy Americans, highlighting the importance of understanding wealth gaps and factors like inheritance and student loans on building wealth. The article also touches on the significance of addressing disparities in access to capital and opportunities for diverse entrepreneurs in order to bridge ethnic wealth gaps.
Source: YAHOO