The co-host of "American Ninja Warrior" wishes he could be a superhero sometimes. "I wish I could just be the Black Financial Superman and just go to everyone's house and say, 'Hey, here are the resources,'" he recently told CNBC. Gbajabiamila, who played professional football for th...
had a net worth of almost $1 million, while the mean net worth of Black American families was only $142,500. For Hispanics, this number stood at 165,500. Looking at median net worths, white U.S. households could fall back on a net worth of $188,200, while that number was just ...
Lower income and more debt over years leads to less wealth BlackAmerican families have earned significantly less moneythan white families for decades. The median household income for a black family was $41,500 in 2018, 40% less than the $68,000 for a white family. This ...
Although financial literacy alone cannot eradicate the wealth gap, it’s a crucial part of the solution. Here are some strategies and resources to facilitate your learning journey: Community Workshops Local organizations like theUrban Leaguehost workshops specifically tailored to the Black community. Cov...
Citing a new study, the report said the white-to-Black wealth now stands at an astonishing ratio of 6 to 1. For every dollar the average white American has, the average Black American has only about 17 cents. The median is even worse: for every dollar the median white household has, ...
Wealthy black people account for approximately 4% of the nation’s top-earning households and the wealth gap between them and the average black person is staggering. The Federal Reserve’ssurvey, along with thePew Research Center, reports there are around 120 million households in America, with ...
1 Three decades later, due in part to long-standing economic inequity and the economics of broadband, it remains an impediment to inclusive economic growth, particularly in Black American communities. Approximately 40 percent of Black American households—as opposed to 28 percent of White American...
The racial wealth gap in the United States is shocking: white families have a median wealth nearly 10 times greater than that of Black families. How did we get here, and how can we stop the gap from growing? Wealth equity strategist Kedra Newsom Reeves p
Large segments of the Black population in the United States are underserved on a range of socioeconomic dimensions. Here’s how impact investors can help close that gap. (8 pages) Forty percent of Black Americanhouseholds don’t have high-speed, fixed broadband. That digital divide is just on...
The Gap: BLACK WEALTH/WHITE WEALTH; A New Perspective on RacialGabrielle C.L. Songe