Rising stock and real estate markets have helped send total U.S. household wealth trending upward over the last 15 years or so,

but there's still great inequality along racial lines.

According to the latest Federal Reserve data,

the typical white family has more than six times

the wealth of the typical black family

and almost five times the wealth of the typical Hispanic family.

We're National Hispanic Heritage Month,

with runs through October 15th.

We look at how first and second generation Latino Americans

are trying to close that gap.

Giovanni Gonzalez is author of Cultura and Cash

lessons from the first-gen mentor

for managing finances and cultural expectations.

Giovanni, are there challenges to first and second generation Latino Americans?

Oh, many.

I like to call them that we have a different starting line and that's because we don't

get any sort of basics on money management at home.

You know, of course the stuff isn't taught to us at school, but some of our peers get to benefit

from parents.

Maybe teaching them what a checking account is,

how credit works as children of immigrants,

our parents is trying to survive in a new country,

...