The Morning Blend



Posted at 10:04 AM, Feb 10, 2020
and last updated 2020-02-10 10:04:20-05

The start of a new year often brings with it a desire to adopt smart money habits and improve one’s financial situation. The United States has experienced 10 years of economic growth, but minorities are not benefiting from it. In fact, 38 percent of non-white American workers don’t participate in employer-sponsored retirement plans. Similarly, there is a disproportionate number of Latinos, Blacks and other diverse communities that fall well below the national averages for emergency savings, home ownership and generational wealth.

This critical divide demonstrates a persistent wealth gap that continues to plague America. To help address these widening disparities Carlos Garcia created Finhabits, a first of its kind bilingual mobile app that helps make investing a habit, with as little as $20 a week. Available in English and Spanish, the app lets users build an emergency reserve, invest money for mid and long-term goals, and save for their retirement. It also includes a news and education platform with financial tips and videos with advice from experts, bringing financial literacy and wealth building tools to its users.