Tag: economics
-
What Brand Do I Associate Myself With?
I don’t have personal preferences or associations with any specific brand. However, if I were to be used by a business, I would aim to align with their brand identity and values when interacting with customers. This way, I can effectively communicate the brand’s message, showcase it’s uniqueness, and foster a positive customer experience. By…
-
Power and Wealth as a Force of Strength
A good example of “administering” life is when human beings link money with power. Wealth is seen as a source of power. Rich people in society are highly regarded as compared to poor ones. Society has a way of linking wealth with power; this is a belief that administers human life since rich people are…
-
The One Word That I Use I Would Love to Give Up…
There’s one word in the whole damn world I’d LOVE to give up because to me it reminds me of is SPEND…I say this because it’s one thing I can’t stand is having to do or carry out is SPEND unnecessary money on things that I don’t really need or come up off money for…
-
The Challenge of Inflation: A Struggle for Survival
Rising prices have become an acute problem these days, making it difficult for everyone to make ends meet. It has forced people to live a miserable life, living from hand to mouth. Necessities are being sold at very high prices. The hardest hit are the common man, the middle class and the poor. Due to…
-
HBCU Scholars Offer Ways to Close the Wealth Gap for Women
Wealth accural for black women and their families has been an uohill climb from the start. For the first 2 1/2 centuries os U.S. history, black women in general were not paid at all. For at least the next 100 years, Jim Crow policies, like redlining, suppressed their ability to gain wealth. Since the police…
-
Young Adults Credit Trajectories Very Widely by Race and Ethnicity
Today’s young adults are the most racially and ethically diverse cohort in U.S. history, yet legacies of structural racism still shape their economic prospects. Young adults divergent credit trajectories underscore this trend. An Urban Institute analysis survey that draws upon millions of consumer records from a major credit bureau find young adults in a majority…
-
Can Wealth-Building Programs Both Prevent Displacement and Narrow the Racial Wealth Gap?
Gentrification can bring economic investment to low-income neighborhoods, but not all residents experience the benefits of that investment equally,. Such neighborhood change often attracts new residents with higher incomes and displaces them with lower income earners, who tend to be renters and people of color. Because it can drive displacement, gentrification can exacerbate the racial…
-
Building Trust in the Financial System is Key to Closing the Racial Wealth Gap
Since the racial reckoning following the death of George Floyd, many banks have pledged to uplift and support the black community. Some have initiated or supported programs to close the racialwealth gap, but these initiatives often fail to account for the fact that historically racist financial policies have eroded black communities trust in banks. Even…
-
More Americans Own Their Own Homes, But Black-White Home Ownership Rate Gap is the Biggest
While the U.S. home ownership rate increased to 65.5% in 2021, the rate among African Americans lag significantly (44%), has only increased 0.4% in the last 10 years and s nearly 29 percentage points less than white Americans (72.7%), representing the largest black-white home ownership rate gap in a decade. Black home owners and renters…