Pandemic Has Made Wealth Gap More Of A Problem

The video discusses the simplicity of building wealth through early investment and saving. It highlights the importance of financial literacy, especially in low-income areas, and introduces the Bridges to Wealth program, which aims to educate minorities and women. The video also addresses the wealth gap exacerbated by the COVID-19 pandemic and emphasizes the need for financial education to empower individuals and communities.

What is a simple strategy mentioned for building wealth?

• Starting a business

• Buying luxury items

• Investing early in mutual funds

• Investing in real estate

What is the primary goal of the Bridges to Wealth program?

• To teach cooking skills

• To provide scholarships for college

• To offer financial literacy training

• To give loans to small businesses

What percentage of the Bridges to Wealth program participants are minorities?

• 95%

• 70%

• 50%

• 100%

How has the COVID-19 pandemic affected the wealth gap?

• It has eliminated the wealth gap

• It has had no effect

• It has widened the wealth gap

• It has decreased the wealth gap

What is a key factor in the success of individuals in the Bridges to Wealth program?

• Winning the lottery

• Access to exclusive investment opportunities

• Knowledge and education

• Inheritance from wealthy relatives