AfroEconomics #48: The Black Tax

The “Black tax” is money high-income Black professionals give to their families to support them. For those who make above-average income, it is common to share good fortune with family less fortunate. When you give away your disposable income, even for a good cause, that money can not work for you and can not grow. But when you give yourself permission to invest your money into an emergency fund, to grow your business, to buy real estate, you actually have MORE resources to help your family in the long run.