Today, let’s look at exactly what the Black / White wealth gap is and how is it measured? The Black / White wealth gap comes from the Survey of Consumer Finances (SCF). The survey is conducted every three years, and is the most accurate look into family finance in the US. The results for the … Read more
Labor Day Related Stories or Economic Outlook Labor Day Edition I wish I had a lot of good news on Labor Day, but I don’t. The good news There are a couple of Labor bright spots. On July 31st, the New York State Nurses Association and the NYC Health and Hospitals Corporation reached a settlement. … Read more
Earn Your Leisure is hosting an Investment Festival (Investfest) – The number one black personal finance podcast on Youtube.com is hosting an investment conference in Atlanta on August 25 to 27th. The conference features Robert F. Smith (the richest Black billionaire in the US), Sean Combs, and Steve Harvey. The line-up is amazing, a who’s … Read more
There is no getting around the S&P 500 chart since October 2020. It kind of smacks you in the face. A 20% run up. The S&P Index hit a recent high last week after the US Federal Reserve Bank raised interest rates by a quarter of 1% (25 basis points or 0.25%). The move was … Read more
So we are redesigning the the the the the website with an emphasis on our news letter. We the first page to be easy to use. So we have to reduce the headline graphic. We are thinking of something even smaller for the newsletter but I gotta see if I can fit the money and … Read more
Why didn’t this work ?
Unemployment Rate for Black Women Increases to 6.2% The National Black unemployment rate was 7.1%; the National unemployment rate stood at 3.9%; and non-Farm Payrolls rose by 199,000. Average wages rose 4.5% on an annual basis in December. The Black Unemployment Rate The Black unemployment rate jumped from 6.5% to 7.1% during December, the only … Read more
Lately, Adenah Beyoh has been everywhere in the news (AdenahBeyoh.Com). It really proves that real estate is one of the best ways to get rich. Top Stories Lately, Adenah Beyoh has been everywhere in the news (AdenahBeyoh.Com). Bayoh cuts ribbon on IHOP location in downtown Newark (ROI-NJ). Weequahic HS Alum, Business Owner Making Her Mark … Read more
This was a light week for stories, probably due to the election. A couple of real estate and mortgage stories and that’s it. Top Stories Post-protest boom for Black-owned businesses loses steam (Colorado Springs Independent) The Impact Of Covid-19 On Black And Latino Small Businesses (Forbes). Areas with higher concentrations of Black-owned businesses were not … Read more
Paycheck Protection Program Loan Level Data North American Industry Classification System Files This PPP data is an amazing snap shot of business in the US. I see four quick trends without doing a lot of deep analysis. 1. They were handing out money left and right. The shoveled out $4.4 billion in NJ in three … Read more