By Sarah E. Crest, Special to the AFRO It’s easy to dig yourself into a financial hole by neglecting your finances or making even one wrong decision with your money. When dealing with credit and taxes, information may seem to be confusing. But this article will show you how to improve and even erase poor […]
Category: NEWS
Posted inWord In Black
Paying down debt doesn’t have to overwhelm you
By Word In Black Staff Why is it so easy to get into debt and so hard to find your way out? And why does trying to manage debt often feel so overwhelming? A growing number of consumers are facing this challenge. American household debt increased by $34 billion last year, with 18.3 million borrowers […]
Posted inWord In Black
Creating a budget is the first step to financial health
By Roz Edward, The Michigan Chronicle Millions of Americans are still reeling from the unparalleled setbacks of the past few years, and too many Black consumers continue to face serious financial fallout in the aftermath of the COVID-19 pandemic. Many of those losses suffered are, in large part, due to job loss, wage reductions, and […]
Posted inBaltimore News
Reginald F. Lewis Museum hosts Gov. Wes Moore in speaker series
By Reuben Greene The Reginald F. Lewis Museum was teeming with service providers and supporters of Governor Wes Moore recently for a speaker series, hosted by United Way and sponsored by DLA Piper. The event, titled “In Their Own Words,” was an opportunity to hear directly from Moore about his vision for a new Maryland. […]
Posted inBaltimore News
Mass incarceration significantly impacting collective Black wealth of African Americans
By Tashi McQueen, AFRO Political Writer, tmcqueen@afro.com According to the Prison Policy Initiative, Black Americans bear the brunt of the burden for mass incarceration. Americans see more arrests per capita than any other country and too many are incarcerated because they simply can’t make bail while awaiting trial. Maryland is one of 12 states where […]
Posted inWord In Black
Creating a budget is the first step to financial health
By Roz Edward, Michigan Chronicle Millions of Americans are still reeling from the unparalleled setbacks of the past few years, and too many Black consumers continue to face serious financial fallout in the aftermath of the COVID-19 pandemic. Many of those losses suffered are, in large part, due to job loss, wage reductions, and the […]
Posted inHealth
Burden of medical debt forces Black Americans to make difficult choices
By Mylika Scatliffe, AFRO Women’s Health Writer Marie Crest is like many other Black people in the United States. She is 36-years-old. She’s a mother of two sons with a third on the way. Crest works full time as an account consultant specialist for a national payroll company, but somehow, she receives regular collection phone […]
Posted inBaltimore News
The Moore Report: Billie Holiday sang: “Them That’s Got, Shall Have, Them That’s Not, Shall Lose”
By Ralph E. Moore Jr., The Moore Report Wealth and its distribution in the United States is a fascinating study. From wealth gained during centuries of free slave labor to debates over minimum wage law, there’s a lot to discuss and fairness has nothing to do it. The poet Nikki Giovanni once said in her […]
Posted inBUSINESS
JPMorgan Chase hosts small business roundtable with Black women business and nonprofit leaders in D.C.
By Megan Sayles, AFRO Business Writer, msayles@afro.com JPMorgan Chase recently hosted a small business roundtable with business and nonprofit leaders in D.C.’s Black community at the Anacostia Arts Center. Ben Walter, CEO of business banking, led the panel discussion, which featured Pinkey Reddick, owner of Pinke’s E.A.T.S; Shanel Adams, general manager of Dog Tag Bakery; […]
Posted inBUSINESS
Lessons in generational wealth: three families share their stories
By Catherine Pugh, Special to the AFRO “Train up a child in the way he should go and when he is old, he will not depart from it.” —Proverbs 22:6 Almost every day on an Urban One (formerly Radio One) media platform, you can hear a disc jockey ask listeners to patronize Black businesses. It […]
Posted in!Front Page Baltimore News
Maryland legislators announce $1.75 million to restore historical law office in Upton
By Tashi McQueen, AFRO Political Writer, tmcuqeen@afro.com On April 17, Rep. Kweisi Mfume (D-Md.-07), U.S. Sens. Ben Cardin (D-Md.) and Chris Van Hollen (D-Md.) gathered to present a $1,750,000 check to the Juanita Jackson Mitchell Legal Center project for the restoration of the well-known legal office of Juanita Jackson Mitchell. Mitchell was the first African-American […]
Posted inBUSINESS
Waterloo entrepreneur works to open Iowa’s first Black-owned bank
By Megan Sayles, AFRO Business Writer, msayles@afro.com Reshonda Young is a Waterloo, Iowa native and entrepreneur on a mission to open the state’s first Black-owned bank. The Bank of Jabez, which is set to open this year, will be a community development financial institution (CDFI) and will work to prepare and empower people to create […]