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?
Get well… Big Ang Says She’s Depressed About Her Cancer Big Ang is speaking candidly on her battle with stage-four cancer of the brain and lungs. According to the Mob Wives star whose condition is said to be worsening, she’s at times optimistic about her condition but sometimes gets depressed. The New York Daily News reports: Reality TV star Angela “Big Ang” Raiola says she veers between hope and depression as she fights stage-four brain and lung cancer. Angela Raiola, part of the VH1 series “Mob Wives” and its spinoffs, said in a tearful interview airing Tuesday on “The Dr. Oz Show” that her family is her support and her reason to keep going. “I look at my kids and my grandchildren and I know how much they need me,” Raiola told Dr. Mehmet Oz, host of the syndicated TV series. The mother of two and grandmother of six has undergone several surgeries since she was diagnosed last year with throat and lung cancer. She said she was twice declared cancer-free, only to see it return and spread. Radiation and chemotherapy have failed to check it, and her doctors are switching to what Oz called an advanced approach aimed at boosting her body’s immune system. Raiola told Oz she can’t help feeling depressed at times. Sometimes I feel I’m gonna be fine, and sometimes I just don’t think I am,” said Raiola, who lives with her daughter, son-in-law and their three children on New York’s Staten Island. Poor Ang, stay encouraged. What do YOU think about the latest update on her cancer battle??? Her GoFundMe page is still accepting donations towards alternative medicine. My arrival last night at the #mobwives #thelaststand premier party. Thank you to everyone who came out to support me and the show. I also want to thank our sponsors and organizers. I'll be posting more photos later. How great is this photo! Huge thanks to the incredible @estebatogordillo for his amazing work all night. Thank you everyone for your kind words regarding my health. I'm taking things one day at a time and remaining as positive as could be. Love you all so very much. Continue reading →
Kanye West And Kim Kardashian Do Not Share Finances As most of the world marvels about how Kanye West could possibly be $53 million in the hole and begging for a billi from Mark Zuckerberg a source for People has revealed that Ye’s wife doesn’t share her tremendous wealth with him, for the most part: Both “make a lot of money, and money is not a problem with them,” a source tells PEOPLE. “They keep their accounts basically separate,” the source added, explaining that West will “talk about ‘my money’ and ‘her money.’ ” So where exactly do the couple stand financially? As you can probably imagine, thanks to her reality, merch and digital empire, Kimmy Cakes makes WAY more than Ye. How much more? Hit the flip to find out. AKM-GSI Continue reading →
Keke Palmer Shows Off Bikini Body While On Vacation Actress Keke Palmer already has a few reasons to celebrate in 2015 and she did just that during a recent getaway with her friends. Just days after word got out that she’d landed on the most recent Forbes 30 under 30 list and a few months after wrapping up a successful Broadway run, Ms. Palmer hit the beach for some R&R wit her girls. We see you giiiirrrlll! Hit the flip for more vacay pics of Keke and her crew living it up in their ‘kinis.
The Centers for Disease Control and Prevention has decided to retool its protocol for people treating Ebola patients. After two Dallas nurses became infected with…
Balling 4 Boobs – Celebrity Breast Cancer Event. October 26th. 1pm Forbes Arena – Morehouse College. Hosted By Hot 107.’s own REEC. About The Event- “Ballin’…
Balling 4 Boobs – Celebrity Breast Cancer Event. October 26th. 1pm Forbes Arena – Morehouse College. Hosted By Hot 107.’s own REEC. About The Event- “Ballin’…
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