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 […]
Category: NEWS
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 […]
Posted inBaltimore News
From the AFRO publisher’s desk: financial training can’t start too early
By Frances “Toni” Draper, AFRO Publisher and CEO It was a colorful 3×5 card (more like a booklet) with patriotic symbols and slogans about money. Every day, I put a dime in one of its tiny slots. If I recall correctly, the card held about five dollars worth of dimes that I could take […]
Posted inNational News
Disparities in African-American financial literacy: serious problems with the concep
By Cy Richardson and Ayanna Fortson, National Urban League Even though African Americans make a significant economic contribution in the United States, their financial wellness lags behind that of the rest of the country. Numerous economic indicators highlight this disparity, such as median household income, net worth, and the likelihood of carrying student-loan debt. The […]
Posted inNational News
Annual “I Got Bank” youth essay contest opens in celebration of national financial literacy month
By OneUnited Bank In celebration of National Financial Literacy Month, OneUnited Bank, the nation’s largest Black-owned bank, is proud to announce its 13th Annual “I Got Bank!” National Financial Literacy Contest where 10 children will win a $1,000 savings account. To make financial literacy a core value of the Black community, the Bank is offering a […]
Posted inNational News
Lawsuits pile up against companies who failed to honor DE&I pledges after murder of George Floyd
By NNPA Newswire Senior Correspondent Stacy M. Brown The aftermath of George Floyd’s murder has led to several large corporations facing multiple lawsuits for failing to meet the diversity, equity, and inclusion (DEI) commitments they made. The commitments were made following Floyd’s death in 2020, with businesses quickly issuing statements and pledging to adopt new […]
Posted inBaltimore News
State of the Black World Conference opens in Baltimore
By Tashi McQueen, AFRO Political Writer, tmcqueen@afro.com On April 19, the State of the Black World Conference V (SBW) kicked off with an opening panel discussion where African dignitaries and organizer, Ron Daniels, gave an overview of the five-day session. “This is conference number five,” said Daniels. “We began in 2002 in Atlanta, Georgia, and […]