Tag: income gap

Urban League report: Black America remains in crisis

Urban League report: Black America remains in crisis

| April 3, 2015

Gains reported in some areas By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–When it comes to the equality in America, a new report by the National Urban League says that blacks are missing nearly 30 percent of the pie. The annual State of Black America (SOBA) report compared how well blacks were doing in […]

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Increased black home ownership would slice wealth gap

| March 23, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–Researchers studying the effects of public policy on the racial wealth gap estimated that the median wealth of black households would rise 451 percent if blacks owned homes at the same rates as whites. “With policies that advance the rate of black and Latino homeownership to the […]

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50 years of economic futility

50 years of economic futility

| March 5, 2015

By James Clingman NNPA Columnist During the 50-year period from 1963 (“I have a dream!”) to 2013, black people have been on a virtual economic treadmill. Our relative economic position has not changed; our unemployment rate has consistently been twice as high as the white unemployment rate, which was five percent for whites and 10.9 […]

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Prominent lawyer defending poor gunned down in Mozambique

Prominent lawyer defending poor gunned down in Mozambique

| March 4, 2015

(GIN)–As billions pour into Mozambique from foreign investors scooping up fields of coal and natural gas, the signs of new-found wealth are impossible to miss. Expensive European-style bars and restaurants line the streets of central Maputo. The latest Toyota Pradas, Range Rovers and Jaguars drive down streets named Julius Nyerere, Ho Chi Minh and Kim […]

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Income inequality rises in all 50 states

Income inequality rises in all 50 states

| February 6, 2015

Study: Poor, middle classes truly getting poorer By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)—Income inequality is rising and it affects workers in every state, according to a new report by the Economic Policy Institute (EPI). Researchers from EPI, a nonpartisan think tank focused on low- and middle-income workers, analyzed Internal Revenue Service data […]

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New report finds ‘staggering inequality’ of incomes once decried by MLK

New report finds ‘staggering inequality’ of incomes once decried by MLK

| January 21, 2015

(GIN)—Income inequality, one of the issues that so troubled the Rev. Martin Luther King Jr., is again front and center in today’s news. A new report on the topic has come up with figures that even caught the financial community by surprise. For example: members of the “world’s richest” club earn half-a-million dollars per minute, the […]

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Wages up for black men, down for black women

Wages up for black men, down for black women

| September 27, 2014

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–The black-white income gap narrowed in 2013 with black men who worked full-time, year-round experiencing the greatest gain in earnings among all adult workers, according to the current population reports on income and poverty released by the Census Bureau. The median income for blacks rose $793, an […]

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New report: Blacks ‘beyond broke’

New report: Blacks ‘beyond broke’

| June 7, 2014

By Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA)—The growing racial wealth gap—$200 in median wealth for blacks in 2011 and $23,000 for whites—threatens national economic security in the U.S., according to a recent report by the Center for Global Policy Solutions. “When it comes to the racial gap in liquid wealth, African Americans and Latinos […]

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Ways to close nation’s wealth gap

Ways to close nation’s wealth gap

| March 17, 2014

By Charlene Crowell NNPA Columnist Today, middle class households feel the same financial stress that low- and moderate-income families have borne for years, says new research by the Corporation for Enterprise Development (CFED), a national nonprofit organization working to alleviate poverty and create economic opportunity.  In its report, Treading Water in the Deep End, CFED […]

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