By CultureBanx Team Most parents begin saving for college before their child is 10 years old and this could be a future key to closing the racial wealth gap. Only 16% of African American parents are saving for college using a 529 plan, which is like a prepaid tuition program, according to Northwestern Mutual. Even
Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists’ representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.
Hip-hop icon Eve is parting ways with her music catalog for an eight-figure deal, in the ballpark between $25 million and $50 million
Creator driven Fintech platforms are helping content experts monetize directly as this industry could roughly double in size and reach $480B by 2027.
Welcome to CultureBanx, where we bring you fresh business news curated for hip hop culture!
