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The median wealth for a white family was $188,200 in 2019, compared to $24,100 for Black families and $36,100 for Hispanic families, according to the Federal Reserve s 2019 Survey of Consumer Finances, released in September 2020. Black Americans can expect to earn up to $1 million less than white Americans over their lifetime, a 2019 study by McKinsey & Co. found. To that end, CNBC contributors and members of the CNBC Financial Wellness Council reveal the lessons they have learned, their recommendations to the Black youth of America and the work they are doing to make a difference. Akbar Gbajabiamila, American Ninja Warrior Advancing financial literacy can help close the racial wealth gap, said American Ninja Warrior co-host and former NFL star

United statesDewardric mcnealHelima croftBrandon copelandAkbar gbajabiamilaTiffany mcgheeGeorge floydMckinsey coUniversity of pennsylvaniaFinancial wellness councilFederal reserveBlack history monthConsumer financesWellness councilAmerican ninjaNextgen finance