Don't know if you'll be checking this after probably being downvoted out of existence but: Would you have something apart from 'personal experience' to back yo

Don't know if you'll be checking this after probably being downvoted out of existence but: Would you have something apart from 'personal experience' to back your claims? It's an interesting issue: a cultural mistrust of financial institutions to take care of money, and is bound to have generated much research if there is any truth to it. If this is the case (as it may well be, I don't understand the downvotes, perhaps your generalization of 'black people'/'white people' instead of pointing out cultural issues at play?), social (non-economic) solutions are likely to be more effective than strictly financial/technological ones. As in, how east Africa has gotten people to put complete faith in mobile banking, but South Asia has failed completely. Perhaps lessons from here could be useful for South Asia?