Although it is difficult to draw precise inferences regarding the key factors that have limited minority wealth accumulation, one endeavor should pay off in terms of greater saving by and higher net worth of minority households: increased efforts in financial education.
This is key to unlocking the financial sector’s capacity to intermediate efficiently with increased access to credit in support of the country’s growth agenda. Indeed, the thrust of current debate is not only about sustainability but also about scaling up broad-based growth for poverty reduction and increased employment.