Hardship withdrawals from retirement accounts are increasing, with 6% of U.S. workers affected, and disproportionately impacting Black and Hispanic households due to the racial wealth divide.
Tag: Black households
Posted inCOMMUNITY
The hidden costs of being Black in AmericaÂ
Black consumers often face higher costs for everyday financial services, from banking fees to insurance premiums. Experts say those added expenses can quietly compound over time alongside the persistent, ever-growing racial wealth gap.
Posted inOpinion
Tariff whiplash and a rising Black recessionÂ
Black recession, uncertain tariff policy, and targeted dismantling of equity programs are creating challenges for Black-owned small businesses.
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 inHealth
‘Supermarket Redlining’: Why Black families pay more for food
Black households are disproportionately affected by food insecurity due to supermarket redlining, food deserts, and higher prices, and the federal government is investigating the high cost of groceries to ensure that major businesses are not exploiting their power to inflate prices.