Exploring the Wealth Creation Struggles of Black Millennials

The equity gap for Black millennials continues to lag compared to other racial groups. The purpose of this qualitative study was to understand the experiences of Black millennials in navigating the landscape of quality internships, high-paying careers, and generational wealth through the lens of individual, interpersonal, organizational, and community system levels. Using a narrative approach, the qualitative analysis of narratives from eight participants who have experienced these obstacles is presented. A purposive sampling technique through social media platforms was used. This study was guided by Bronfenbrenner’s ecological systems theory. Thematic analysis was employed. The themes were (a) limited exposure, (b) knowledge and access to resources, (c) financial stress, (d) bias in career advancement, (e) representation, (f) grit, (g) networking and mentorship, and (h) struggles in creating generational wealth. The urgency of addressing systemic inequalities, advocating for diversity and inclusion, and championing structural reforms to empower Black millennials in realizing their career aspirations and building generational wealth is emphasized in the findings. The findings enhance the understanding of the educational resource deficiencies and historical discrimination that impact wealth accumulation across generations within Black communities. Findings can be used to create positive social change to address systemic barriers faced by Black millennials, advocate for increased awareness, policy interventions, and support systems to promote equitable access to career opportunities and financial stability.