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Read below a selection of FT articles picked by financial literacy teachers with classroom questions/discussion points, mapped by theme. View the full selection here.
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Specification:
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Managing credit
Summary
Black entrepreneurs often face unfair barriers when trying to get loans, even if they have successful businesses. Many are denied by banks, charged higher interest rates, or forced to rely on risky lenders, while support systems like CDFIs help but don’t fully close the gap.
Click to read the article and then answer the questions:
Race and finance: America’s segregated banking sector
Questions
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Why do you think Adenah Bayoh and other Black entrepreneurs were turned down by so many banks, even when they had successful business ideas?
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How do high borrowing costs from alternative lenders (like merchant cash advances) impact the long-term success of small businesses?
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How do Community Development Financial Institutions (CDFIs) try to fill the gap left by traditional banks, and what limits do they face?
Dave Martin, Next Gen Personal Finance
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