Maggie L. Walker led by example, While many of the largest black-owned banks went under during the Great Depression, Walker’s bank survived, in part by merging with two smaller, black-owned banks in 1930, when it was renamed Consolidated Bank & Trust. Today, Consolidated has assets of $116 million, and the majority of its shareholders, who include two of Walker’s descendants. 

Black Americans need to revisit group economics immediately. So what does that mean for us? We need to actively support each other on the journey of achieving financial freedom. We need to teach ourselves and our children about life. Ranging from setting up successful investment portfolios to avoiding unhealthy eating habits.

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