By Karen Stokes Since before the pandemic, Black Americans have seen an improvement in a host of financial indicators including the unemployment rate, evictions, wages, and wealth. The Black-white wealth gap has narrowed, and rates of business ownership have increased. “When the Administration started, during a global pandemic that had a disproportionate impact on the […]
It’s Always the Right Time to Plan for Retirement
Whether you’re just entering the workforce or plan to stop working in a few years, it’s never too early – or too late – to save for retirement. Ideally, retirement planning and saving should start as soon as you get your first paycheck, but it’s easy to focus on more pressing expenses in your 20s, […]
Closing the Wealth Gap in Black America Through Investments in Innovation
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 […]
Educators Credit Union Announces Partnership with Local National Basketball Association Champion Bobby Portis to Provide Free Financial Educational Tools
Racine, Wis. – Educators Credit Union has announced a partnership with local professional basketball player and NBA champion, Bobby Portis. Portis and Educators have partnered to provide free financial educational tools, programs and community support for residents of southeastern Wisconsin. Educators offers a digital academy, scholarships for students, webinars and workshops, financial tools, calculators, and […]
President Biden Releases Statement on June CPI Report
On Wednesday, the President released a statement on the June Consumer Price Index. “Good jobs and lower costs: That’s Bidenomics in action. Today’s report brings new and encouraging evidence that inflation is falling while our economy remains strong. Annual inflation has fallen each of the last twelve months and is now down to 3%,” said […]
Wisconsin’s Only Black-0wned Bank Celebrates Its 98th Annual Meeting, Largest in More Than 40 Years
(Milwaukee)—Columbia Savings & Loan Association held its Ninety-Eighth Annual Meeting with more than 60 members and guests attending, making it the savings and loan’s largest Annual Meeting in decades. Attendance was so great that Columbia had to rent space at a much larger facility to accommodate all the participants. Lafayette McKinney reflected on t he […]
Economics Before Education?
BlackEconomics.org® At the outset of certain lectures, we have enquired of the audience: “What is the most important ‘thing’ in the universe?” While we have received a multiplicity of answers, we always steer the audience back to what we view as the correct answer: “Knowledge!” Why knowledge? Because it is fundamental. You may have all […]
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. […]
PWSB Makes First Corporate Gift Toward Centennial Fund for Wisconsin’s Only Black-Owned Bank
(Milwaukee)—Port Washington State Bank (PWSB) has become the first corporate contributor to help Wisconsin’s only Black-owned financial institution modernize its technology and extend its reach to more low-to-moderate-income families seeking to become homeowners. Port Washington State Bank contributed $10,000 toward Columbia Savings & Loan Association’s Centennial Fund. Columbia Savings & Loan Association announced its Centennial […]
These Tax Tips Can Make Filing (1040) EZ
With tax day approaching, there’s no time like the present to get started on your 2022 returns and submit them well before the April 18 deadline. This year, you have a few extra days to complete your taxes. With the typical deadline of April 15 falling on a weekend, followed by Emancipation Day on Monday, […]
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