Tag: income gap

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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