Wells Fargo’s $60 Billion Homeownership Program for Minorities
Wells Fargo’s $60 Billion Homeownership Program for Minorities Wells Fargo, the world’s second-largest bank by market capitalization, recently released a press statement detailing its $60 billion plan to expand home ownership among African Americans. The initiative comes at a time when state agencies have been raising concerns over low homeownership among African Americans and Hispanics. […]
The National Black Public Consortium
I am always researching organizations and programs that cultivate the rich culture of our black community. Recently, I stumbled across an organization called the National Black Programming Consortium. The National Black Programming Consortium (NBPC), founded in 1979, develops, produces and funds media content about the black experience for public media outlets, including television, digital radio, […]
The Juneteenth Celebration
Not everyone has heard of Juneteenth. If you happen to fall into that group of people who have lived their lives blissfully unaware of this important holiday, then I will remove from it the veil of obscurity that has allowed it to escape your notice. Every self-respecting American capable of reading this should have, by […]
Education Fails to Correct Income Disparity
The answer for many about the income disparity between the races is education. However, recent studies show that education may not solve the problem of low income for African Americans and Hispanics. In fact, research indicates that those who have a college education may have a greater division by race than those who have not […]
The Plight of African Americans: Startling Truths With Few Solutions
Those in the African American community are far too familiar with the struggles of homeownership. A history of redlining and blockbusting has only been compounded by the recent tightening of credit. It seems like African Americans are always under incredible scrutiny, even when they are trying to contribute to their communities by investing in real […]
Is Race a Factor in Credit? Part I
Depending on who you ask, your economic mobility can depend on either your income or on your credit score. This simply means that people who appear to be spending money may either actually have money to spend or may be using credit to make purchases. Either way, maintaining a good credit score is crucial to […]
The New Black Migration: Part IV
The greatest impact on African Americans is and will continue to be in the metropolitan areas. All cities are not seeing the same trend of employment growth or decline outside of the city. Employment outside of the city is actually growing in Dallas and Houston. In cities like Jacksonville and St. Louis, employment opportunity has […]
The New Black Migration: Part III
The state of the African American family structure has been talked about much in recent years. A trend of single-mother homes has been an issue for quite some time. The risk here is that the household will suffer in financial stability because there is only one income. With regards to African American women, sixty-eight percent, […]
The New Black Migration: Part II
Throughout major cities, African Americans have moved out of cities and created a mass migration away from urban areas throughout the nation. Where cities used to be predominantly black, they are now losing a key portion of their populations: blacks. The effects on African Americans are much more than what meet the eye. A trend […]
The New Black Migration: Part I
Demographics are rapidly changing in the United States. However, a shift in population is becoming even more prevalent and apparent in inner cities. Suburban sprawl had numerous effects on changing the look of major urban centers around the nation, with one of these effects being a change in the urban demographics. When it came to […]