Source: Douglas Rissing / Getty It shouldn’t surprise anyone that the U.S. economy isn’t doing so hot for anyone outside the 1%. While the rich have only gotten richer under the second Trump administration, stagnant wages, fluctuating inflation, and an anemic job market have made it hard to just keep up with the necessities. Things […]
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Source: Peerakorn Chotthanawarapong / Getty Every Labor Day, we pause to honor the workers who keep this country moving. This year, I am thinking especially about Black women. I am thinking about the Black women who get up every morning to care for our children, teach in our schools, serve our communities, run businesses, staff […]
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Source: Cheng Xin / Getty In recent years, it’s become common for people to use buy now, pay later (BNPL) loans to purchase electronics, furniture, or other inessential but occasionally pricey items. Now, data reveals that a growing number of people are using BNPL loans to pay for essentials like groceries and rent. CBS News […]
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College degrees offer little protection as financial well-being declines across education levels for Black adults. Persistent job insecurity and affordability challenges leave most Black families struggling to make ends meet. Source: Jacob Wackerhausen / Getty Mass layoffs and other economic pressures created under the Trump-Vance administration have left many Black households facing growing financial hardship […]
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Source: National Urban League / nul.org/state-of-black-america For many of us, the economy never really rebounded post-pandemic. The last several years have seen quarterly layoffs become commonplace, inflation outpacing wage growth, with the actions of the Trump administration only exacerbating the economic turmoil. A report from the National Urban League has found that the so-called American […]
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Source: Goodboy Picture Company / Getty It’s truly absurd that we’re nearly two years into President Donald Trump’s second term and he’s done absolutely nothing to address affordability. In fact, it appears the affordability crisis has only worsened over the last couple of years. As a result of rising food prices, millions of Americans have […]
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Source: seksan Mongkhonkhamsao / Getty You know, one of these days I’d love to have some positive news to share about the economy, but today is not that day. Data from the National Association of Realtors (NAR) revealed that housing sales slowed in June, even as home prices reached an all-time high. AP reports that […]
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Source: Vladimir Vladimirov / Getty New data released by the Labor Department on Thursday revealed that job growth fell well below expectations in June. The Washington Post reports that 57,000 new jobs were created, and the unemployment rate ticked down to 4.2%. The drop in unemployment isn’t tied to people finding new jobs, so much […]
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Corporate accountability requires consistent pressure from regulators, investors, consumers, and employees. When public attention shifts, harms from unchecked corporate behavior continue to grow. Strong regulatory frameworks, shareholder activism, social media pressure, and transparent reporting all work together to keep businesses responsible over time. Corporate accountability requires sustained pressure from regulators, investors, and consumers long after […]
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Source: Brandon Bell / Getty After months of egregiously high gas prices, there is finally some hope on the horizon. On Thursday, gas prices fell slightly below $4 nationwide. When I say slightly, I mean it in the fullest extent of the word, as the New York Times reports that the average price per gallon […]
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Source: SOPA Images / Getty On Monday, Fox Corporation announced it will buy Roku for $22 billion. I tell ya, I’m getting real tired of all these media companies feeling like they have to buy each other. NBC News reports that Fox will become the third-largest player in U.S. television once the deal goes through. […]
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Source: UCG / Getty As we near the third month of a war with Iran that President Donald Trump said would only last for a few weeks, the economic consequences continue to be felt by the American public. For the first time in four years, gas prices in all 50 states have topped $4 a […]
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Source: Kevin Dietsch / Getty President Donald Trump has, for almost as long as he’s been in office in the last decade, done a shallow, self-serving job of pandering to Black people by pretending he’s been our benefactor, when, actually, he has worked against our collective betterment at every turn. As I’ve written before, “He’s […]
Read MoreSource: Muhammad Aqib / Getty In news that’s surprising to absolutely no one, as the Consumer Price Index (CPI) surged over the last few months, so did household debt. It’s almost like starting an unnecessary war that directly impacts energy prices isn’t great for an already strained economy. According to CBS News, inflation increased in […]
Read MoreBlack homeowners can use home improvement grants to make repairs and upgrades that build home value and generational wealth to pass down. Some key funding includes the USDA Section 504 Home Repair Program, HUD Title 1 Property Improvement Loans, and veterans’ services. Don’t forget local and regional offerings that vary and include Habitat for Humanity’s […]
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Source: Muhammad Labib Adilah / Getty Why are foreclosures rising across the U.S.? Concerns about housing affordability are weighing heavily on many Americans, as aspiring homeowners try to break into the market while many existing homeowners struggle to hold on to their properties. Why are foreclosures rising? Here’s a closer look at the data. A […]
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Source: Smith Collection/Gado / Getty The economic impact of the ongoing war in Iran was felt almost immediately across the world. Gas prices shot up globally within days of the first missile strikes and have yet to come down. In fact, the Joint Economic Committee’s Democratic minority estimates that the Iran war has cost U.S. […]
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Black women entrepreneurs grow rapidly but struggle with inflation, costs, and access to capital Source: huePhotography / Getty Black women continue to rise in entrepreneurship, but that success often comes with steep challenges, especially in a fragile economic climate. The current conditions under the Trump administration have created instability that is impacting the growth and […]
Read More Black women entrepreneurs grow rapidly but struggle with inflation, costs, and access to capital Source: huePhotography / Getty Black women continue to rise in entrepreneurship, but that success often comes with steep challenges, especially in a fragile economic climate. The current conditions under the Trump administration have created instability that is impacting the growth and […]
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Source: Anton Petrus / Getty The war in Iran is already having a profound impact on the wallets of U.S. citizens. Gas prices have skyrocketed over the last month, with no sign they’ll be coming down anytime soon. As the war in Iran continues to disrupt oil supplies and shipping routes, several economists have warned […]
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