there are only 21 black owned banks in america

The Black dollar is recognized as one of the fastest-spending economic forces in the U.S., circulating quickly within communities. However, this money often flows out rather than staying in, limiting the ability to build long-term wealth. One major challenge is the lack of access to banking institutions that support budgeting, saving, and investing specifically tailored to Black Americans. While Black-owned banks exist and are crucial resources, their presence is often limited geographically, making it difficult for many to open accounts and receive the financial services necessary to grow wealth and build credit.

Expanding the reach of Black-owned banks and encouraging account openings in underserved areas can be a key step toward creating an economic foundation that supports sustained investment and financial empowerment. Finding and utilizing existing institutions that are accessible is where the process begins, as establishing a strong economic "wall" requires time and patience. Building credit, making strategic investments, and learning to manage finances effectively are gradual steps, but over time they compound into meaningful economic progress for Black communities. The path is clear, and with consistent effort, the circulation of the Black dollar can shift from rapid spending to strategic growth and retention.