The next time you hear someone collectively ask the black community "What do you have to lose?" please tell that person the answer: $1.2 trillion.
In addition, a middle white America overexposed to a few million-dollar NBA stars, has become apathetic to the normal plight
Billionaire Byron Allen Responds to Comcast, Talks Black Wealth and President Obama with Antonio Moore
Allen bid 20 million dollars at the Sundance film festival in a historic offer for the Nat Turner film that is lead by Nate
Houston, we have a problem. Hillary Clinton's campaign has run into a major speed bump and it's called Bernie Sanders. As we move toward the day of reckoning known as Super Tuesday, she's dialing up Black America to answer the call to action.
West appears to be deep in the negative. While his public relations team may try to clear this up in the coming days, what is already clear is an era of black opulence is nearing its end.
"Black folk, in the era of Obama, have lost ground in every major economic category."
In the report "Who Owns the Land," the U.S. Department of Agriculture disclosed all of Black America only owns just under 8 million acres. In fact, it was further explained that African Americans own less than one percent of U.S. rural land, worth a mere 14 billion dollars.
The typical African American reality was far different than the Cosby dream. With the Cosby show's meteoric rise Americans of all hues slowly forgot this truth hidden behind the decadent veil of their multi-million dollar Brooklyn brownstone.
[h/t Media Matters] Citing statistics showing the rise of the black middle class in the post-World War II period, Riley concludes
Black families with college degrees have a mean wealth of $162.8k, which is effectively the same as the mean wealth of white families with less than a high school education.
I write this piece following the ground work laid by W.E.B. Dubois's Veil of Double Consciousness. The veil he described was a visualization of racial duality. I now undertake the daunting task of clarifying the new veil of economics that has covered the struggles of a generation.
On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.
We didn't think it was possible, but Oprah Winfrey has been dethroned as the richest black woman in the world. The new leading
The upside, however, is that as much as two-thirds of African-American households with incomes greater than $50,000 show
For blacks, the current level of homeownership actually sits lower than 1990 levels. “Between 2004–2006 and 2010, however
To date, black wealth has been decimated by the recession (dropping from 1/10th to 1/50th that of whites over the last three years) and there are no signs that it's going to improve anytime soon.