As families head into the Christmas shopping season, Black families find themselves struggling with crippling credit card debt that makes it difficult to maintain financial stability.

According to Forbes Magazine, African-American families have especially large consumer debt burdens. On average, Black families owed $8,554 in consumer debt in September 2019, compared to $4,148 for Latinx families and $5,590 for families of other races. One local organization is determined to help Black families reverse the trend through virtual education.

The National Coalition of 100 Black Women – Prince William County Chapter announced that on Saturday, December 19 they will host “An Economic Empowerment Financial Literacy Workshop”. This will be a virtual event, the workshop is designed for participants new to financial literacy strategies and will assist families with financial accountability to address debt crisis caused by overspending and credit card debt.

Participants to the event will learn strategies for developing an educational multi-generational program providing financial literacy for all ages, and will feature interactive sessions. For those who would like to be a part of the event can register on Eventbrite by Wednesday December 16 by visiting the clicking here. Additional information can be obtained by contacting Program Chairperson Marvette Cofield at ncbwpwcc.econ.empower@gmail.com or Dr. Alice H. Howard, 1st VP of Programs at drah16654m@live.com.