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Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

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Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

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Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

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Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

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Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

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Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

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Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

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Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

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Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

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Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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Study Prompt calls for Policy Reforms to Eliminate Racial Wealth Gaps

Written by Charlene Crowell on 13 May 2013.

According to a new research report, America’s racial wealth gaps will persist until public policy reforms provide every family the opportunity to build wealth. Less than Equal: Racial Disparities in Wealth Accumulation, from the Urban Institute’s Opportunity and Ownership project, analyzed data and trends from 1983-2010. Over these years, the average household income of Whites remained double that of either Black or Latino families.

But when wealth was considered, the amount of available assets remaining after all indebtedness was deducted, White families’ wealth grew six times that of either that for either Black or Latino families.

“When it comes to economic gaps between whites and communities of color in the United States, income inequality tells part of the story. But let’s not forget about wealth. Wealth isn’t just money in the bank; its insurance against tough times, tuition to get a better education and a better job, savings to retire on and a springboard into the middle class. In short, wealth translates into opportunity.”

The report also found that although the Great Recession of (2007-2009) hit communities of color particularly hard, the type of financial losses varied. With Black unemployment double that of the rest of the nation, Black retirement assets fell by 35 percent during these years. This data suggests that lower-income Black families withdrew money from retirement savings following a job loss or other adverse events. For Latinos, the average retirement asset decline was 18 percent.

By contrast, the Great Recession years took half of Latino family home equity, compared to an average 25 percent for Black and White families. To better understand this lost wealth, it is relevant to note that in 2010 only half of Black and Latino families owned their homes, while 75 percent of Whites were homeowners.

With more assets and diversified income streams, white wealth declined 11 percent during the Great Recession. But Black wealth dropped 31 percent during these same years and Latino families dropped the greatest at 44 percent.

Yet despite these findings, it is equally true that many families of color still desire to own a home and their own piece of America. Their dreams may be deferred, but still remains strong. As the nation’s economy continues to struggle towards prosperity, tightened mortgage lending, higher FHA fees, and continued discussions of federally-mandated down payments do not bode well for more families of color reaching the American Dream.

For the Urban Institute, the answer to these growing and disturbing disparities is reconsidering public policies.

“Families of color were disproportionately affected by the recession. However, the fact that they were not on good wealth-building paths before this financial crisis calls into question whether a whole range of polices (from tax to safety net) have actually been helping minorities get ahead in the modern economy,” according to the study.

Contrasting programs such as the Supplemental Nutrition Assistance Program and Temporary Assistance for Needy Families (SNAP) as two social safety programs designed to provide basic essentials; the report noted how tax subsidies for homeownership and retirement policies actually help to build wealth.

“The federal government spends hundreds of billions of dollars each year to support long-term asset development. But these asset-building subsidies primarily benefit high-income families, while low-income families receive next to nothing.”

The Urban Institute’s conclusions are strikingly similar to those reached earlier this year by the Brandeis University’s Institute on Assets and Policies.

“The evidence points to policy and the configuration of both opportunities and barriers in workplaces, schools and communities that reinforce deeply entrenched racial dynamics in how wealth is accumulated and that continue to permeate the most important spheres of everyday life,” the Brandeis report stated.

Here’s hoping that those entrusted with policy decisions are listening. •



Charlene Crowell is a communications manager with the Center for Responsible Lending. She can be reached at: Charlene.crowell@responsiblelending.org. •

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