Business & Money ‘We Have Wealth, We’re Not Pooling Our Resources’
An ever-accelerating racial wealth gap has Black families on track to see their median wealth hit zero in this lifetime, making it difficult or impossible to transfer wealth to the next generation, according to a new report.
Updated Sep 28, 2017 - 1:15:04 PM
Business & Money From banks to beauty products, the #BuyBlack movement is real
As the holiday season moves into full swing, the #BuyBlack campaign has led many to imagine what would happen if African Americans— the largest consumer group of color in the United States with an estimated $1.2 trillion in spending power— routinely demonstrated allegiance to the 2.6 million Black-owned businesses that exist in America.
Updated Dec 14, 2016 - 12:40:05 PM
Business & Money Can We Rebuild Black Wall Street?
Black Wall Street was burned to the ground in 1921 by a White mob. The Greenwood District, located in the northern section of Tulsa, Oklahoma, was once called “Negro Wall Street,” and “Little Africa.” It was home to hundreds of Black owned businesses and sat on valuable land desired by White oil speculators.
Updated Aug 26, 2016 - 1:20:41 PM
Business & Money A Never Ending Wealth Gap Between Blacks And Whites In America?
Echoing past dire economic reports, a new study looks at the country’s racial wealth gap and its bone chilling ramifications. While other studies brought a heightened awareness of income inequality, wealth inequality offers a clearer picture and the outlook for Black America’s future looks darker unless there is serious change.
Updated Aug 18, 2016 - 2:31:38 PM