Results for "income"121 results found.
Racial Wealth Gap: Black and Latinx Net Worth is Expected to Hit 0 by 2053

Wealth allows for one to have numerous options. Those options include access to excellent health care, access to healthier foods, better school systems, better career opportunities, and the list goes on. However, when it comes to the distribution of wealth among Black and Latinx people versus White people in the United States, minorities have always been neglected. The racial wealth divide is widespread and stems from hundreds of years of policies and practices that were (and still are) put into place to hinder people of color from advancing economically.

by Nailah Herbert
The U.S. Economy is in a Housing Crisis. Here’s Why.

Since 2010, the average cost of a house has risen by 20%. These price increases have made it increasingly difficult for young people to be able to purchase a home.

by Nailah Herbert
Biden Proposes to Allow IRS to Watch Bank Accounts over $600

One of the American Families Plan’s goals is to allow the IRS to monitor transactions of bankers over $600 to ensure that people are not lying about their taxable income.

by Viviana Vazquez
Used Car Prices are at an All-Time High

Typically, new and used vehicles decrease in value each year. However, the average price of used cars has increased by 4.9% over the past year. As a result, many used car owners have become intrigued to sell their used cars for profit.

by Sheena Allen
Social Security Funds Are Expected to Run Out by 2033

A report released in early 2021 indicated that the money in the Social Security Trust Funds is expected to run out by 2034.

by Viviana Vazquez
Why Black Business Month is Great, but Support Year-Round is Better

August is National Black Business Month, and the celebration and notoriety of the month have increased over the past few years. However, despite the increased buzz, the COVID-19 pandemic has made living conditions increasingly difficult for everyone, especially those who own Black-businesses.

by Nailah Herbert
Inequality has Cost the U.S. Economy $22.9 Trillion Since 1990

The Brookings Institution conducted an economic study to measure the impact of inequality since 1990. The study found that the U.S. missed out on $22.9 trillion in economic growth since 1990 due to inequality.

by Viviana Vazquez
Hurricane Ida Results In An Estimated $95 Billion Worth of Economic Damage

With Hurricane Ida passing through the southeastern portion of the United States, it left a trail of wreckage behind it. AccuWeather is estimating the total costs associated with Hurricane Ida to be around $95 billion.

by Sheena Allen
Millions Left With No Source of Income After Federal Unemployment Insurance Benefits Expire

The Biden Administration recently let the federal COVID assistance programs expire, leaving seven (7) million Americans without a source of income. Here’s what happened and how it has affected the people involved.

by Viviana Vazquez
Six Ways Group Economics Build Wealth Within Black Communities

The practice of group economics is becoming more popular, especially since it is becoming a more recognized way to build wealth with your family or friends.

by Nailah Herbert
Investing for Beginners: A Complete Step-by-Step Guide

Are you ready to start investing but unsure of where to begin? Here’s what you need to know to start investing intelligently on your own.

by Viviana Vazquez
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