Following the Supreme Court’s Feb. 20 ruling to strike down the current administration’s tariffs, Rep. Steven Horsford is leading an effort to demand corporate accountability regarding the distribution of $175 billion in refunds.
Category: Money
Posted inMoney
What they wish they knew about money: Older adults pass on financial advice
For many older adults, financial wisdom didn’t come from classrooms or dinner table conversations but from years of experience, mistakes and hard-won lessons. Now, Washington residents Verlincia Roach, 62, and Carol Fillmore, 79, are sharing what they wish they had known about saving, spending and building financial stability in hopes younger generations can avoid the same missteps.
Posted inAfro Briefs
A new reality: Retirement while supporting young adult children or parents
Rising costs of living and cultural expectations have increased the number of retirees still supporting young adult children, with 50 percent of parents now supporting a child older than 18.
Posted inMoney
From shame to strategy: Understanding and healing financial trauma
By Victoria MejicanosAFRO Staff Writervmejicanos@afro.com Maxed out credit cards, overdraft fees, car repossessions and a 385 credit score once defined Steven M. Hughes’ financial reality. Years later, working as a financial therapist, he now recognizes what he was experiencing wasn’t just poor money management, it was financial trauma. Although financial trauma does not have a […]
Posted inMoney
Small debts, big consequences: The financial burden many overlook
By Victoria MejicanosAFRO Staff Writervmejicanos@afro.com For many Black Americans, the racial wealth gap has always been apparent. Race and zipcode have been proven to skew everything from credit scores to home values in Black neighborhoods. What can be underestimated are the impacts of smaller, unpaid fines. Municipal fines such as tickets and toll fees or […]
Posted inBUSINESS
Trusts explained: What they do, what they don’t and why they matter
Trusts allow individuals to control how their assets are managed and distributed, both during life and after death. This Financial Literacy Month, learn from experts who say trusts can provide flexibility and protection in certain situations.
Posted inBUSINESS
Navigating life’s big changes: Expert advice on finances, divorce and disasters
Life-changing events—from divorce to a serious illness to natural disasters—can upend not only daily routines but financial stability. Certified financial planner Zaneilia Harris shares strategies to help households prepare, protect and recover when the unexpected happens.
Posted inWord In Black
‘Spend in the Black’ turns faith into economic power
Salem Baptist Church in Chicago is leading “Spend in the Black,” a faith-driven initiative encouraging residents to support Black-owned businesses and strengthen local economic power. Through large marketplace events and community partnerships, the effort channels consumer spending into Black communities, boosts small businesses, and promotes long-term wealth building. Organizers see it as a scalable movement that blends faith, activism, and entrepreneurship to rebuild the “Black dollar” and foster sustainable economic ecosystems.
Posted inMaryland News
Free tax preparation returns through CASH Campaign of Maryland
The CASH Campaign of Maryland has launched its free tax preparation services for the 2026 tax season, helping households earning under $69,000 claim valuable tax credits and refunds. Last year, the program assisted more than 308,000 Maryland households in securing nearly $455 million in tax refunds and credits.
Posted inDMV News
Deborah Owens, financial educator, author and advocate for women’s wealth, dies at 66
By Special Press Release Deborah Owens, a nationally recognized financial advisor, author, educator, and champion for women’s financial empowerment, died on Jan. 4 at the age of 66. Her passing marks the loss of a powerful voice in the movement to close the wealth gap and equip women, particularly women of color, with the tools […]
Posted inNational News
New tax law locks in gains for the rich, leaves Black households behind
Economists warn that the 47th president’s new tax law, now in effect as the 2026 filing season begins, entrenches economic inequality by delivering the largest benefits to the wealthiest Americans while raising taxes and cutting supports for low-income households. Analyses show Black families are disproportionately harmed, as the law expands tax breaks tied to wealth and inheritance while offering limited, often inaccessible relief to working-class and poor households.
Posted inWord In Black
What’s in a coin?
By Dr. Frances ‘Toni’ DraperWord in Black More than metal. More than money. More than nostalgia. A coin is a declaration — of who a nation chooses to honor, what it chooses to remember and what it is willing to erase. That is why what happened at the U.S. Mint should unsettle anyone who cares […]