The Historical Reasons Behind U.S. Racial Wealth Gap
The average White household in the U.S. today has amassed about seven times more wealth than the average Black household. The disparity widened in the half-century since the civil rights movement, despite a wave of laws protecting against racia.....»»
Op-ed: The fundamentals work for Black and Latinx companies too
There are many reasons why small businesses struggle to scale. If you are on the wrong side of the racial wealth gap and own a business, the challenges to grow are compounded. Even with more data now being collected and more lively conversations, the .....»»
Fair Housing Month is over, but the fight against discrimination continues. ‘The Shame of Chicago’ shines a light on the racial wealth gap.
A Chicago Realtors group is screening a documentary focusing on the people, policies, and institutions that segregated Black and.....»»
3 reasons the stock market rally is set to continue despite recent volatility, according to UBS Wealth Management
UBS' Haefele says strong corporate earnings, rising vaccination rates, and lower than expected inflation figures will allow stocks' rally to survive. Caroline Purser/Getty Images The VIX index.....»»
Amplify Latinx co-founder to head fund aimed at racial wealth inequity
Betty Francisco, general counsel at the nonprofit Compass Working Capital, is joining a capital fund focused on closing Greater Boston's racial wealth gap......»»
The typical older Black millennial has 17 times less wealth than white peers, and student debt may be why
White older millennials have a median wealth of $88,000, compared to $5,000 for Black older millennials, according to new data from the St. Louis Fed. The millennial racial wealth gap persists......»»
3 reasons why the recent electric vehicle stock-price correction isn"t the end of the road for the EV trend, according to the world"s largest wealth manager
The recent EV sell.....»»
The Value Gap: ‘Tremendous potential being wasted’: How gig work widens the racial wealth gap — and what can be done about it
'We see polarization of labor and mostly nonwhite people being greatly affected,' says Marina Gorbis, executive director of the Institute for the Future......»»
These 2 charts show how the racial wealth gap has gotten even wider over the years
White households in total held $103.4 trillion of wealth in the last quarter of 2020, a $9.58 trillion gain from the end of 2019. People line up to receive unemployment benefits. John Sommers II/Getty Images .....»»
Homeownership grant seeks to boost Black home buying
TOWN SQUARE | The grant is part of Chase’s $30 billion Path Forward commitment to help close the racial wealth gap. The goal is to help an additional 40,000 Black and Latino families become homeowners over the next five years......»»
Bitcoin is not ready to go mainstream for these 3 reasons, the world"s largest wealth manager warns
Tesla's bitcoin move opened the floodgates for more corporati.....»»
Retirement ‘baby bonds’ could help close the racial wealth gap
Millions of Americans are struggling to live off just Social Security. Financial adviser Ric Edelman proposes a new type of "baby bond" specifically to fund retirement......»»
Retirement ‘baby bonds’ could help close the racial wealth gap
Millions of Americans are struggling to live off just Social Security. Financial adviser Ric Edelman proposes a new type of "baby bond" specifically to fund retirement......»»
For Black homeowners, a common conundrum with appraisals
Bias in home valuations has contributed to the racial wealth gap.....»»
We published more than 2,000 personal-finance stories this year. Here are 10 of the most read.
In this issue of the Personal Finance Insider newsletter, a look at the top stories of 2020, from stimulus checks to the racial wealth gap. Welcome to Persona.....»»
Finding Europe"s Way In The World
Finding Europe's Way In The World Authored by Sigmar Gabriel and Michael Huther via Project Syndicate, For historical reasons, Europe has long resided in the strategic shadow of the United States, which itself has underwritten dec.....»»
Millennials spent the last decade struggling to build wealth, but an expert says this will all change in the 2020s for 5 key reasons
Mauricio Santana/Getty Images In the 2010s, millennials struggled to build wealth amidst the fallout of the recession and student-loan debt. But one expert thinks millennials wil.....»»
NYT: JPMorgan Denied Millionaire NFL Player Private Client Status For Racial Reasons
Banking giant JPMorgan & Chase Co. 0 read more.....»»
Some decry Cuomo"s use of racial slur during interview
Some people criticized Gov. Andrew Cuomo Tuesday for using a racial slur for African-Americans while discussing historical discrimination toward dark-skinned Italian immigrants. The Democrat used... To view the full story, click the title link......»»
African Americans underserved by U.S. banks: study
Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial wealth gap by McKinsey & Co found on Tuesday......»»
Sunday links: the cartoon of contrarianism
Registration for the first of its kind Wealth/Stack Conference on September 8-10th, 2019 at the Scottsdale Plaza Resort in Arizona is now... MarketsBusiness booms and depressions are nothing new: a historical look. .....»»