Trying to bridge the wealth gap in the African American community — no matter the cost
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To Andre Watson, success is helping the African American community bridge the wealth gap, but the lack of dialogue surrounding finances is making that hard to accomplish.
Andre was one of three children, living with a single mother in northwest Detroit. The daily struggles he faced — neighborhood violence being one of the most prevalent— never deterred him from his goals. His mother helped shape his standards and his definition of success. Learning from her determination, Andre excelled in academics, eventually winning more than 20 scholarships in high school to help pay for college. In college, he studied finance, a subject which showed him the pathway to his American dream — a pathway he also wants to share with the African American community around him.
“On average, at death the African American household has about $5,000, so it’s four grand on average, at death. The average Caucasian American, I think that wealth is about $110,000 at death. So that’s a big difference,” Andre said.
Andre is pursuing his American dream by living in the environment he always sought and starting conversations in his local community about his passion — finance.