Tag: race
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The History of Black History Month and How I Celebrate It
Today is Sunday, February 19th, 2023, the middle to the near end of Black History Month and we all are celebrating it in our own different way and with the celebrating we learn something about the historical event that was once celebrated in the form of a week created by Carter G. Woodson in 1926…
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Conspicuous Consumption and Race: Who Spends More on What
Fashionable clothes, jewelry, flashy cars…They are all items of conspicuous consumption that gives their owners status on the streets. Such groups, such as blacks and Hispanics, seem to spend more on such emblems of success than others. Or is it just a stereotype? Economists have long accepted the explanation for conspicuous consumption presented by Norwegian-American…
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Disproportionately Impacted: Closing the Racial Wealth Gap through Student Loan Cancellation, Payment Reforms, and Investment in College Affordability
Today in 2023, the student debt crisis is particularly dire for African-Americans borrowers. Black degree-seekers are more likely to take out student loans to pay for higher education than their white counterparts and carry the largest average student loan debt of all racial demographics in the nation. Additionally, workforce inequities leave college-educated black workers with…
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The Investment in Four-Year Colleges Between Black and White Borrowers
The growing disparities cannot be understood without also recognizing structural racism. At the historical moment when people of color were finally gaining access to college, public support for higher education declined, raising cost and short changing the new students. How this happened is a question of scholarly debate. Some argue that states could no longer…
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Homelessness and Black History: Poverty and Income
The hardships of poverty and the lack of a robust safety net makes it extremely likely that a person experiencing poverty will be unable to afford necessary expenses like food, health care, and housing, making it a key predictor for homelessness. Therefore, African Americans overrepresentation among people living in poverty directly leads to their overrepresentation…
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Minority Communities are Investing in Crypto to Escape Financial Discrimination
African-American and LGBT Americans are more than twice as likely to in cryptocurrency than white Americans. A survey provided to 2,010 and 2,003 American adults onnducted between June and July of this year show that 23% of African Americans and 17% of Hispanics indicated that they are currently investing in digital assets, compared to only…
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Accelerating Change to Create Equal Access to Opportunity
The stark reality of racial inequity is more apparent now more than ever in recent history. Not since the 1960’s has the nation’s collective attention been focused on this one issue. Leaders from every level are trying to understand our nation’s collective failures as fully addressing the long-standing issues of police brutality, rampant poverty, the…
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Race Segregation Down; Income Segregation Up
Racial segregation in American cities have declined slowly over the years, but really steadily over the last four decades. Now this IS good news! Over the sane time frame, the level of economic segregation has been rising. Compared to 1970, the rich are more likely to live in more wealthy, affluent neighborhoods than the less…
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More Americans are Joining the “Cashless” Economy
In less than a decade, the share of Americans who go “cashless” in a typical week inceased by double digits. Today, roughly 41% of Americans say NONE of their purchases in a typical week are paid for usiong cash, up to 29% in 2018 and 24% three years earlier. Theportion of Americans who say that…
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Race Irrelevance and the Confusion of America
By Antoine “King Toine” Wright, September 5th, 2022. For some time now this blog has been advocating for the removal of the word race, which is used to classify and characterize humans of various ethnicities. The claim has been made as well as substantiated that the word race has an inaccuracy, its inappropriate and ineffective…