Though the U.S. Senate passed a bill to suspend the debt ceiling for two years, the federal plan to impose stiffer work requirements on food stamp recipients and mandate an end to the student loan repayment freeze could create an outsized financial burden for Black Americans, some experts say. The proposals are part of a […]
Money
Posted inMoney, The Workplace
Black People Still Experience Racial Bias in the Hiring Process. Can AI Help?
While more than half of U.S. adults agree that artificial intelligence technology could help improve racial bias in the hiring process, Black Americans are more skeptical, a recent report found. About 47% of Black people who see racial bias in hiring as an issue agree that AI could improve the process, versus 64% of Asian […]
Posted inMoney, Partner Content, Wealth Gap
Lorraine Hansberry’s Family Says Chicago’s Racist Policies Seized Their Land. Now They’re Seeking Reparations.
Originally published by The 19th Your trusted source for contextualizing the news. Sign up for our daily newsletter. The 1959 Broadway debut of “A Raisin in the Sun” brought America inside a crowded Chicago apartment where the dreams of Black families went to die. And while Lorraine Hansberry was making history as the first Black […]
Posted inMoney, Wealth Gap
The Case for Reparations: What Compensating Black Americans Could Look Like
Edmund Ford taught math for 14½ years and noticed that opportunities were sparse and unevenly distributed in Tennessee’s Shelby County Schools. “My classrooms were probably about 95% Black,” he said. “Many of my students weren’t getting the tools and resources they needed so that after they graduated from high school, they’d be impervious to social […]
Posted inMoney, Wealth Gap
These Alternative Banks Could Be the Key to Shrinking the Racial Wealth Gap
Following the racial justice protests of 2020, several financial corporations and foundations promised to make investments to advance racial equality. Companies such as JP Chase Morgan, Mastercard, and Citi Foundation poured millions of dollars into Black community development financial institutions (CDFIs) as white business leaders reckoned with the ways systemic racism has impaired economic progress […]
Posted inMoney, Wealth Gap
Struggling to Talk About Money? Here’s a List of Resources to Teach Financial Literacy.
As more states move to mandate financial literacy as a prerequisite for high school graduation, financial experts worry the courses lack the historical context needed to prepare Black youth for wealth building in America. For years, Black people have sounded the alarm for more holistic financial education to address the racial wealth gap. Black people […]
Posted inHousing, Money
Utility Bills and Shutoffs Are Rising. Here Are a Few Tips to Protect Yourself.
Wykeisha Howe and her eight children lost their home in 2018, sold by her landlord as Atlanta’s BeltLine development project attracted luxury developments and sharp increases in home values. After months of homelessness, Howe mustered up enough money to rent a new home, but the stability didn’t last long before the coronavirus pandemic disrupted her […]
Posted inHousing, Money
How These NYC Public Housing Residents Became Models for Tenant Rights Activism
This story was published in partnership with The City. Sign up for their newsletter here. The coronavirus pandemic laid bare the critical need for affordable housing across the United States. As millions lost their jobs, many Americans were only able to remain housed thanks to the advent of COVID-19 housing policies, including eviction moratoriums and rent freezes. […]
Posted inHousing, Money
Housing and Homelessness Are on the Ballot. Will Unhoused People Have a Say?
Most Americans across racial and ethnic groups say affordable housing is a serious problem where they live, according to an August 2022 poll. The National Low Income Housing Coalition estimates the nation has a shortage of 7 million affordable and accessible rental units, made worse in recent years by the convergence of the coronavirus pandemic […]
Posted inBlack Businesses, Money
Ye Can’t Sell ‘White Lives Matter’ Shirts Because Two Black Men Own the Trademark
The reason Ye — the artist formerly known as Kanye West — can’t legally sell his “White Lives Matter” T-shirts is not because the phrase is designated as hate speech by the Anti-Defamation League. It’s because two Black men own the legal trademark. Ramses Ja and Quinton Ward, two Black radio hosts in Phoenix, Arizona, […]
