Press Enter / Return to begin your search.

The plunder of black wealth in Chicago, captured in film | The Chicago Reporter

Black families in Chicago lost an estimated $4 billion due to predatory contract buying, a Duke University’s Samuel DuBois Cook Center on Social Equity study found. Artist in residence Bruce Orenstein spoke to surviving victims. In just two short decades — while the post World War II housing boom created the wealth of the white middle class — blacks in Chicago were ripped off to the tune of $4 billion on land sale contracts, a common practice at the time that has been since outlawed but whose damage is still felt. A recent study from Duke University’s Samuel DuBois Cook […]

Read More

Success Comes from Affirming Your Potential | Harvard Business Review

When you see how underrepresented African-Americans are in current leadership roles, it can be easy to get discouraged about their prospects for leadership advancement. Despite a rise in the number of black college and university graduates, just 8% of managers and under 4% of CEOs are black. In the Fortune 500 companies there are currently only three black chief executives, down from a high of 12 in 2002. We, however, are not discouraged. In the course of our research, we have met myriad African-American leaders who, despite being underestimated, underappreciated, and under-resourced, have prospered and achieved incredible success. How do […]

Read More

Serena Williams Raises Awareness About Financial Abuse | Black Enterprise

Serena Williams is always taking a positive stance when she is not playing tennis. According to CBS News, Williams is now the national ambassador for the Allstate Foundation Purple Purse program. “A really close friend of mine was going through a situation that wasn’t really healthy for her, wasn’t healthy for her friends, or her family — and it was difficult to tell her,” she said. “And then I realized, look, oh my goodness, she’s — all the signs that I was learning about with financial abuse, she was involved in.” “I had no idea what financial abuse was. When […]

Read More

Entrepreneur Creates Flashcards That Teach Children About Black Millionaires & Billionaires | Chicago Defender

New Orleans, LA — New Orleans-based media company, Raising Black Millionaires, has just released the first volume in their series of Raising Black Millionaires Flashcards, to empower parents and educators of Black children with an effective and easy tool that builds self-confidence, high self-esteem, and limitless earning potential for all ages. The once blog turned media company produces infotainment products and resources to help raise Black children to be wealthy and maintain wealth, and they’re causing huge mental shifts for Black families and classrooms across the nation. When asked what the motivation behind creating these cards was, Founder, Thiah Veona […]

Read More

How America’s Ugly History of Segregation Changed the Meaning of the Word ‘Ghetto’ | TIME

Today, for many Americans, the word “ghetto” conjures images of run-down and crime-ridden African American segregated areas—“inner cities,” in a common euphemism. This connotation is relatively recent; it has only become mainstream in the past 70 years or so. Beforehand, the term was primarily associated with Jewish urban quarters, and its changing meaning illustrates the troubling tenacity of such an idea. The linkage between Jews and “ghetto” began in the early 16th century. In 1516, as a compromise offering to those agitating for the city to be Christian-only, Venice confined its Jewish population to a little island in the northern […]

Read More

Here’s How One Couple Paid $200K Of Debt In 5 Years By First Addressing Their Money Hang-Ups | Forbes

Ryan Derousseau, Forbes In order to pursue financial independence, first Julien and Kiersten Saunders had to address the psychological barriers they had when it came to spending and saving money. JULIEN & KIERSTEN SAUNDERS. Featured Image here Julien and Kiersten Saunders live in Atlanta, GA, they have multiple options for grocery shopping. There’s the high-end market down the block or the traditional grocery store around the corner. Good choices, for sure. But when you’re looking to cut costs in order to reach financial independence, you have to find ways to save. And Julien knew he could make further inroads into […]

Read More

A.L. Lewis: Florida’s first black millionaire remembered | NBC News

By Associated Press, NBC News Dr. Johnnetta Betsch Cole. Featured Image ERNANDINA BEACH, Fla. — They called him Fafa. A.L. Lewis loomed large in the Jacksonville childhood of great-granddaughter Johnnetta Betsch Cole and her two siblings. With only an elementary school education, he helped found the Afro-American Life Insurance Co. in 1901 and became Florida’s first African-American millionaire. In 1935 he and his business partners established American Beach in Nassau County, a vacation destination for African-Americans during the days of segregation. But it was more than his accomplishments that shaped them. It was what he taught them on a personal […]

Read More

The Racist History of Tipping | Politico

Reverend Dr. William J. Barber II, Politico An illustration of the interior of a Pullman dining car. | Library of Congress. Featured Image week, the House of Representatives will have a chance to end a pernicious legacy of slavery. Lawmakers will vote on the Raise the Wage Act, which would boost the minimum wage across the country to $15 an hour by 2024. This would be a crucial step toward the first federal minimum wage increase in more than a decade. A just-released Congressional Budget Office report finds that a $15 minimum wage would have tremendous benefits for low-wage workers […]

Read More

Bank of America Launches $5 Billion Home Loan Assistance Program | BlackPressUSA

Stacy M. Brown, NNPA Newswire Correspondent, BlackPressUSA NEWSWIRE — The new Bank of America program includes down payment and closing cost assistance; innovative low down payment mortgages; grants that can be applied to non-recurring closing costs; a national network of lending professionals; easy-to-understand financial education tools; strategic partnerships with real estate professionals; and a national network of knowledgeable affordable housing nonprofit partners who provide in-depth homebuyer education and counseling. Bank of America officials have spent the past few months asking their customers and clients a simple question – what would you like to have the power to do? “For many, […]

Read More