Bloomberg Quint

By Sophie Alexander

July 24, 2020

The students of the Morehouse Class of 2019 now have more economic freedom to take those kinds of risks, such as starting a business, which can create wealth, said Henry McKoy, director of entrepreneurship at North Carolina Central University’s business school. McKoy said the effects of being debt free could have a larger economic impact too, and be one small step in closing the racial wealth gap.