The Motor City is financially strapped, trying to dig out of a $265 million deficit and saddled with more than $12 billion in long-term debt. In…
Families across the country have felt the financial pinch and are scrambling to learn how to survive a recession. With reports of a recession in the near future, we must be equipped with knowledge on how to endure potential financial hardship. There’s no one correct answer on how to survive a recession however, there are some basic […]
A new study reveals that Hispanics and not African-Americans have been hit the hardest during the recession. The study, released by the Pew Foundation with data collected from the Census Bureau, indicates that Hispanics have had the largest wealth decline of any group since the country went into a recession. Hispanics households median wealth declined […]
New York — Peter S. Goodman at The Huffington Post has written an article on the effects of the recession on Black America in comparison to its affect on white America. Among white people, the unemployment rate dropped in December to 8.5 percent — hardly acceptable, but manageable were the government spending more to expand […]
At the town hall discussion for CNN’s Almighty Debt: A Black In America special, Pastor Soaries and Bishop T.D. Jakes explain why pastors should get involved in the financial matters of parishioners.
Well, it appears that some of the nation’s leading economists have proclaimed that the recession is over. Of course, these were the best and brightest who failed to warn us of the Great Recession in the first place, but I don’t want to sidetrack you with trivialities.
*On his July 2 radio show, right wing host Rush Limbaugh said he believes President Obama ruined the economy on purpose as “payback” for 230 years of racial oppression. He railed: “Who is Obama? Why is he doing this? Why? Why is he doing it? Is he stupid? Is it an accident? Is he doing […]
For months, we’ve been hearing about how new restrictions on overdraft fees will lead to “the end of free checking” as banks seek to replace the billions in fees they’re about to lose. You could be forgiven if you’re left with the impression that every checking account will now come with a $10 to $15 […]
From The Root: As adults wrestle with rising foreclosure rates and disappearing jobs, child-development experts are reporting that children may end up shouldering some of the most severe, long-lasting consequences of the recession of 2008, according to the Foundation for Child Development(FCD). Working with an index of 28 indicators of quality of life called the […]