“…Unfortunately, not participating in banking, though understandable, can have negative consequences for Black families' wealth and implications for the racial wealth gap. This is heightened when considering that White families received indirect government assistance in building wealth (e.g., redlining; James et al, ) or were able to build wealth through their banking with White‐owned banks that built wealth off the deposits of Black families and Black banks (Baradaran). Regardless, neoclassical economists are still likely to argue that, regardless of that history, Black Americans' financial choices are merely evidence of the freedom to choose what they believe is best for them and/or their families (Sowell, ).…”