re: Results coming in from DC’s Strong Families, Strong Future DC Program (2022)

There was a study a few years ago that demonstrated that black women are the worst money mangers in this country. They tend to spend money on expensive cars and clothes, getting their hair and nails done and most had less than $1000 in savings.

Impulse control and long term planning were virtually non-existent.

Not surprisingly, Asian women were among the best money managers according to the study IIRC.