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Country’s black-owned banks are in a fight for their survival

22 Feb

bankThe Federal Deposit Insurance Corp. counted 25 black-owned banks remaining in the country last year, down from 48 in 2001. Read more: http://www.africanamericanreports.com/2015/02/countrys-black-owned-banks-are-in-fight.html

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Forbes top 10 cities for African American Economic Success

22 Jan

Here are the top 10 cities for African American economic success according to Forbes Magazine. One thing that jumps out at you immediately is the majority of the cities are in the southern region of the United States. Cities like Atlanta being #1, and Washington DC being on the top 10 list are no surprise but some of the other cities may actually surprise you. – See more at: http://www.africanamericanreports.com/2015/01/forbes-top-10-cities-for-african.html

atlanta

Pay gap persist for African Americans

2 Aug

African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau. Read more here:
http://aareports.com/2010/08/pay-gap-persist-for-african-americans.html

Racial wealth gap in US getting wider.

20 May

Racial wealth gap getting wider:

A study by the Institute on Assets and Social Policy (IASP) at Brandeis University shows that the wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans.

Read more here:

http://aareports.com/2010/05/us-racial-wealth-gap-quadrupled-since.html