By Phillip Washington Dallas Weekly Magazine In today’s discussion, we delve into the pressing issue of closing the wealth gap in Black America. Wealth in business and investing exists at the intersection of faith in the future and individual passions. It is important to distinguish between the collective mindset and the individual mindset when addressing […]
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Black America’s Consumption, Income, and Wealth
BlackEconomics.org® There is no “chicken or egg” conundrum when considering the starting point of economic activity for households in a so-called capitalist US economy. One must begin with money income to acquire life’s essentials: Food, clothing, and shelter. It is common knowledge that Black Americans experience an income gap with the remainder of the nation. […]
Bloomberg Unveils Plan to Close the Racial Wealth Gap During Speech in Tulsa
By Karen Stokes Democratic presidential candidate Michael Bloomberg visited Tulsa, Oklahoma on Sunday to unveil ‘The Greenwood Initiative’, his plan to close the racial wealth gap. The policy is named in recognition of the city’s district of Greenwood, known as ‘Black Wall Street’, that was once one of the most affluent African American communities in […]
New Report Gives Solutions to Decrease the Racial Wealth Divide
By Ana Martinez-Ortiz Milwaukee is a racially divided city. Beyond the segregation and discrimination that residents face, there’s also an unbalance when it comes to aspects such as education, transportation and the economy. Earlier this week, the Institute for Policy Studies, Kirwan Institute for the Study of Race and Ethnicity and the National Community Reinvestment […]