Tag Archives: black-families

Study Finds The Average Black Family Needs 228 Years To Catch Up To The Wealth Of The Average White Family Today

Study Predicts That It Would Take Black Families 228 Years To Catch Up With White Wealth Today A new study predicts that in the future , the wage gap between White Americans and Minorities continues to grow larger as opposed to getting better– and it would take 228 years for black families to acquire the wealth of white families today. Via The Nation If current economic trends continue, the average black household will need 228 years to accumulate as much wealth as their white counterparts hold today. For the average Latino family, it will take 84 years. Absent significant policy interventions, or a seismic change in the American economy, people of color will never close the gap. Those are the key findings of a new study of the racial wealth-gap released this week by the Institute for Policy Studies (IPS) and the Corporation For Economic Development (CFED). They looked at trends in household wealth from 1983 to 2013—a 30-year period that captured the rise of Reaganomics, expanded international trade and two major financial crashes fueled by bubbles in the tech sector and housing prices. The authors found that the average wealth of white households increased by 84 percent during those three decades, three times the gains African-American families saw and 1.2 times the rate of growth for Latino families. To put that in perspective, the wealthiest Americans—members of the Forbes 400 list—saw their net worths increase by 736 percent during that period, on average. If those trends persist for another 30 years, the average white family’s net worth will grow by $18,000 per year, but black and Hispanic households would only see theirs grow by $750 and $2,250 per year, respectively. Check out this visualization of what this study means courtesy of IPS . Thoughts?

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Study Finds The Average Black Family Needs 228 Years To Catch Up To The Wealth Of The Average White Family Today

Out Of Pocket: Turkey Soccer Fans Boo Moment Of Silence For Paris And Chant “Allahu Akbar!” [Video]

When Turkey soccer fans were asked to give a moment of silence for the fallen victims in Paris, the Muslim nation did the opposite.

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Out Of Pocket: Turkey Soccer Fans Boo Moment Of Silence For Paris And Chant “Allahu Akbar!” [Video]

Do You Have Some F.U. Money Saved Up?

Chances are if you’re in a long-term relationship, about to jump the broom, or already have, some woman has advised you, if you and your partner have a joint account, to make sure you put a little money aside for yourself. Tyra Banks calls this F.U. money and it’s the need for women in relationships to still have their own exit strategy, i.e. cash flow, that prompts Tyra to employ so many young women. The “America’s Next Top Model” creator and entrepreneur explained this motive to Glamour, saying: “My mom stayed with my dad for too long because of financial reasons. If she’d just had a little side hustle, a little of her own money, she would have left. So I encourage women to have what I call ‘F.U.’ money.… A lot of my passion for this business comes from that…” [ MadameNoire ] Sex Once A Week Keeps Married Couples Happy? According to Forbes, a new study published in the journal of Social Psychological and Personality Science—that was one of the largest to explore the correlation between sex and happiness—suggests that one is the magical number when it comes to how often happily married couples are getting busy in a 7-day span. Researchers poured over responses submitted by 11,000 men and 14,000 men who participated in the General Social Survey between 1989 and 2012. What they found was that most established couples are doing the horizontal mambo once a week, and they’re satisfied. Additionally results suggest that adding a night or two of sex didn’t boost happiness… [ MadameNoire ] Portraits Of Black Professors At Harvard Law Covered In Black Tape The portraits of all the Black professors at Harvard Law were covered with black tape just a day after students rallied and marched on campus in support of Black student activists around the country. Reports Think Progress: Photos taken by Harvard PhD candidate Clint Smith show the portraits of tenured African American law professors, which are displayed in the law school’s main building, marked by black slashes of tape across their faces. Leland Shelton, the president of the Black Law Students Association, told ThinkProgress that he viewed the incident as a hostile action. It “wasn’t done by an ally. It wasn’t in support of black students and black professors,” Shelton said…Reportedly, some of the backlash is due to calls from Black law students to remove the family crest of of Isaac Royall Jr., a noted slaveowner, from the school’s seal. [ HipHopWired ] Jadakiss: “We Just Use Our Voices To Uplift The Hood” [ Vibe ] Kimora Lee Simmons: Sex Ed 101 … Don’t Pop Your Coochie Like A Rubberband!!! [ TMZ ] This Adopted Woman Wrote An Awesome Book To Encourage More Black Families To Adopt [ HuffingtonPost ] Charles Barkley: ‘Daryl Morey Screwed Kevin McHale’ [ StarPulse ]

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Do You Have Some F.U. Money Saved Up?

Some Happy Black Matrimony-dom: Amar’e Stoudemire And Wife Alexis Spotted Having A Nice Family Dinner With Their Kids

Their youngest is only one week old ! Amar’e Stoudemire treated his wife Alexis and their three oldest children to a night out on the town Sunday. Via Page Six reports : Amar’e Stoudemire and his wife, Alexis Welch, who gave birth to a boy just a week ago, made a celebratory post-baby family outing Sunday to Merchants River House in Battery Park City. We’re told the couple were with their three other children, daughters Assata and Are, and son Amar’e Jr., but left the newborn at home. According to a spy, Alexis “was glowing.” The family dined on artichoke dip, fish and chips, pan pizzas and chicken tenders. Awww so sweet. We love positive black families and black love! Hit the flip to see what #statfam has been up to over the last week.

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Some Happy Black Matrimony-dom: Amar’e Stoudemire And Wife Alexis Spotted Having A Nice Family Dinner With Their Kids

Shante Broadus (Boss Lady) Tells Bossip About Seperation With Snoop, Chocolate’s Lupus, And Her Boys Swirling!

We chopped it up with “Boss Lady” about everything involving her family: Bossip: How did you and Snoop reconcile your almost finalized divorce? Shante: He offered to reconcile the family for one. We have children. We are big on family and our kids come first. That is their father. Bossip: So, it has been a non-Hollywood marriage then? Shante: Yes. With more downs than ups… but you can’t cry over spilled milk. Bossip: How do you feel about being one of the very few successful black families in Hollywood? Shante: It feels great. You get a lot of perks. I never thought this would be my life… it feels good. I do what I want and go where I want. Able to put my kids through school. I take care of my family… my mom and my sister. The hating part is where I stick with my family. Other than that I love… my… life.

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Shante Broadus (Boss Lady) Tells Bossip About Seperation With Snoop, Chocolate’s Lupus, And Her Boys Swirling!