Financial advisor discusses racial wealth gap

By: CBS 58 Newsroom

Posted: Feb 12, 2026 8:09 AM CDT

NOW: Financial advisor discusses racial wealth gap

MILWAUKEE (CBS 58) -- The racial wealth gap between median Black and white households has remained virtually unchanged from 1992 to 2022, according to a recent National Community Reinvestment Coalition study.

Nicolas Walls, a private wealth advisor with Northwestern Mutual, joined us Thursday, Feb. 12 to discuss financial disparities, financial literacy among African Americans, building generational wealth and supporting Black employees.