Financial Literacy Education: Building Generational Wealth

Decades of systemic racism have created barriers that block African Americans from homeownership, job opportunities, quality education and health care. Financial Literacy is one of the ways that is used to eradicate this disparity. The African American church has historically been a catalyst for changes in the African American lived experience. This phenomenological study aims to explore teaching financial literacy from a biblical perspective and the effect that education has on the individual, the church and the community. Ten pastors agreed to participate in semi structured interviews. One major theme that emerged from the study is the teaching of financial literary education in churches is pertinent in addressing congregant’s ability to become financially stable individuals. The second theme that emerged is that “the church” and its leaders are a constant and consistent resource in African American society. This study can be used as a foundation for research on the interconnectedness and interdependence of the church, pastor and congregants