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| financial literacy in the black community: Financial Literacy in the Black Community Delia U. Johnson, 2024 |
| financial literacy in the black community: The Color of Money Mehrsa Baradaran, 2017-09-14 “Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives |
| financial literacy in the black community: The Wealth Choice Dennis Kimbro, 2013-02-19 It's no secret that these hard times have been even harder for the Black community. Approximately 35 percent of African Americans had no measurable assets in 2009, and 24 percent of these same households had only a motor vehicle. Dennis Kimbro, observing how the weight of the continuing housing and credit crises disproportionately impacts the African-American community, takes a sharp look at a carefully cultivated group of individuals who've scaled the heights of success and how others can emulate them. Based on a seven year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you. Readers will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes and Tyrese Gibson found their paths to wealth; what they did or didn't learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success. Through these stories, which include men and women at every stage of life and in every industry, Dennis Kimbro shows readers how to: · Develop a wealth-generating mindset and habits · Commit to lifelong learning · Craft goals that match your passion · Make short-term sacrifices for long-term gain · Take calculated risks when opportunity presents itself |
| financial literacy in the black community: Financial Literacy and Ownership Dameon Russell, 2015-04-23 Financial Literacy & Ownership, from conception this book was meant to facilitate delivery of a singular, but broad message. My message is that of Financial Literacy and Ownership; ownership of assets, real property, commodities, businesses, and intellectual property. I wish to convey to the Black community an urgency regarding this message to say that Financial Literacy and Ownership are surely lacking in the Black community and this fact is, has been, and shall continue to stymie the growth and the evolution of the Black community until we infuse a paradigm shift in our communal thinking. Accept that as Black Americans we do not live in a world of our own making, but we can now more than ever, be the designers of our own true Legacy. We may not have made the world we live in, but we are certainly of the world we live in. Being of a world which we did not construct limits us as a people. It confines us to the limitations, borders, and restrictions set for us, not by us. Why would a determined people limit themselves? I believe they would not. White society, the dominant society has never limited itself as a whole. Think about the glass ceilings Blacks have had to burst through throughout history. Blacks have been bursting through the constraint of such barriers and limitations for centuries now. In the last sixty years in America others who have come before you have laid much broken glass at the feet of Black America. Yet, who placed the barriers; who at first constrained us in the boxes with the glass ceilings? Certainly it was not us. We live in a world not of our own making. I want so very much for my Black community, but not that which can be given, nor granted. No, what I want mostly for my Black community must be taken, it must be acquired through express and diligent intent. It can only be birthed through aggressive and intelligent design; whereas, you must commit your life-time to craft it, to engineer your acquisition and construction of it. You must want it with the utmost zeal, and once acquired you must value it as your most prized possession. What I want most for my Black community is true Legacy. |
| financial literacy in the black community: Talking Dollars and Making Sense Brooke M. Stephens, 1997 How to hold onto hard-earned prosperity. |
| financial literacy in the black community: The Myth and Propaganda of Black Buying Power Jared A. Ball, 2020-04-01 This Palgrave Pivot offers a history of and proof against claims of buying power and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of buying power, and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while “buying power” is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America. |
| financial literacy in the black community: The 21-Day Financial Fast Michelle Singletary, 2014-01-07 Whether you're living paycheck to paycheck or just trying to make smarter financial choices, let award-winning writer and Washington Post columnist Michelle Singletary show you the practical steps you need to take for the financial peace you long for. In The 21-Day Financial Fast, Michelle proposes a field-tested financial challenge: for twenty-one days, put away your credit cards and buy only the barest essentials. What happens next will forever change the way you think about wealth. With Michelle's guidance, you'll discover how to: Break bad spending habits Plot a course to become debt-free with the Debt Dash Plan Avoid the temptation of overspending for college Learn how to prepare elderly relatives and yourself for future long-term care expenses Be prepared for any contingency with a Life Happens Fund Stop worrying about money and find the priceless power of financial peace Join the thousands of others who have already discovered practical ways to achieve financial freedom and experience what it truly means to live a life of financial peace and prosperity. |
| financial literacy in the black community: The Hidden Cost of Being African American Thomas M. Shapiro, 2004 Shapiro, the author of Black Wealth/White Wealth, blends personal stories, interviews, empirical data, and analysis to illuminate how family assets produce dramatic consequences in the everyday lives of ordinary citizens. |
| financial literacy in the black community: Black Wealth Matters Amanda D. Shelton, 2019-02-20 The movement for empowerment through financial literacy in the African American community is especially critical. This journal is a resource that encourages, empowers and motivates African Americans and people of color to strive towards breaking down those financial barriers that enslaves us. This first planner series is dedicated to the concepts and terms of credit. |
| financial literacy in the black community: The Culture of Money Salter, 2020-11 The Culture of Money aims to build a Black wealth movement through the adoption of three community-shared values: know more, own more, and pass down more. |
| financial literacy in the black community: The ABCs of Black Wall Street Claudia Walker, 2022 The ABCs of Black Wall Street Coloring Book takes readers on a nostalgic trip through the heart of Tulsa's historic Greenwood District. From Madam C.J. Walker and O.W. Gurley, to Williams Dreamland Theater and Osborne Monroe's Roller Skating Rink, children learn about the innovators, activists, and establishments that created one of America's wealthiest Black communities. |
| financial literacy in the black community: I Don't Want to Die Poor Michael Arceneaux, 2020-04-07 One of NPR’s Best Books of 2020 One of Time’s 100 Must-Read Books of 2020 From the New York Times bestselling author of I Can’t Date Jesus, which Vogue called “a piece of personal and cultural storytelling that is as fun as it is illuminating,” comes a wry and insightful essay collection that explores the financial and emotional cost of chasing your dreams. Ever since Oprah Winfrey told the 2007 graduating class of Howard University, “Don’t be afraid,” Michael Arceneaux has been scared to death. You should never do the opposite of what Oprah instructs you to do, but when you don’t have her pocket change, how can you not be terrified of the consequences of pursuing your dreams? Michael has never shied away from discussing his struggles with debt, but in I Don’t Want to Die Poor, he reveals the extent to which it has an impact on every facet of his life—how he dates; how he seeks medical care (or in some cases, is unable to); how he wrestles with the question of whether or not he should have chosen a more financially secure path; and finally, how he has dealt with his “dream” turning into an ongoing nightmare as he realizes one bad decision could unravel all that he’s earned. You know, actual “economic anxiety.” I Don’t Want to Die Poor is an unforgettable and relatable examination about what it’s like leading a life that often feels out of your control. But in Michael’s voice that’s “as joyful as he is shrewd” (BuzzFeed), these razor-sharp essays will still manage to make you laugh and remind you that you’re not alone in this often intimidating journey. |
| financial literacy in the black community: Financial Empowerment in the African American Church Rev. Dr. Donna Taylor, 2018-01-17 This work captures the historical and cultural context for financial literacy in the twenty-first century in view of the Great Recession of 2008 to 2009. |
| financial literacy in the black community: Fixing the Racial Wealth Gap Rodney Brooks, 2021-09-28 Racism and discrimination put us here, but this is how we can save future generations. An essential book by a longtime MONEY section editor of USA Today. |
| financial literacy in the black community: The Black Girl's Guide to Financial Freedom Paris Woods, 2021-09-18 This is not another boring personal finance book! Are you tired of spinning your wheels following financial advice that leaves you feeling broker than before? Are you pulling your hair out trying to follow the complicated instructions offered by the gurus? In The Black Girl's Guide to Financial Freedom, Paris Woods takes the guesswork out of wealth-building and presents a plan that anyone can follow. Paris spent years working in education and wanted to find a way to build wealth without changing careers or taking the traditional real estate or business routes. This book is the result of years of research and practice that helped her find a simpler path. Through real-life stories coupled with clear and actionable advice, you will learn to: - Build generational wealth- Avoid common financial traps- Earn your next degree debt-free- Achieve financial independence and retire early- Design a dream life you can start living todayThis book is perfect for Black women of any age, including young professionals just starting to set financial goals and mid-career women who are tired of following the same old rules and are ready to live life on their own terms. If freedom is your goal, then this is the book for you. |
| financial literacy in the black community: Redefining Financial Literacy Cindy Couyoumjian, 2021-04-06 Redefining and Reclaiming Financial Literacy As a certified financial planner with thirty-five years of industry experience, Cindy Couyoumjian is committed to filling the financial literacy void for many Americans. In her timely and thought-provoking book, Cindy gives a unique macro perspective of what she calls “the hidden forces behind your money,” which are the unseen political and economic forces that may influence your investment decisions. Through meticulous research, Cindy shows how these hidden forces have contributed to a complex retirement system, which includes pensions, social security, and what she believes is the outdated 60/40 investment model. To address this issue, Cindy spent endless hours developing a new multi-asset class investment methodology, known as the REALM model, that may offer broader investment strategies aimed to mitigate risk from the hidden forces that may negatively impact your goals. Redefining Financial Literacy can help you • Understand the complex macro forces that you cannot control, yet could determine your financial future, • Take actionable steps to regain command of your retirement strategy, • Build a retirement with potential durable income strategies, lesser volatility, and risk-adjusted returns. Redefining Financial Literacy and Cindy’s innovative REALM model can open your eyes to investment possibilities while helping you regain confidence in the American dream. Diversification does not guarantee profit nor is it guaranteed to protect assets. There is no assurance that any strategy/model will achieve its objectives. Registered Principal offers securities and advisory services through Independent Financial Group, LLC (IFG), a Registered Investment Adviser. Member FINRA/SIPC. IFG, Cinergy Financial, and Greenleaf Book Group are not affiliated companies. |
| financial literacy in the black community: Empowering Wealth G R Quarles, 2023-06-02 Empowering Wealth: A Financial Literacy Guide for The African American Community is a transformative book that aims to empower individuals within the African American community with essential financial knowledge and strategies. Authored by Dr. G.R. Quarles, this guide offers practical insights and actionable advice to help readers build a solid foundation for financial success. From understanding budgeting, saving, and investing to tackling debt, managing credit, and building wealth, this comprehensive resource covers a wide range of topics relevant to personal finance. With a focus on addressing the unique challenges faced by African Americans, the book provides culturally relevant examples, real-life stories, and practical tips to inspire and guide readers towards financial empowerment. Whether you are just starting your financial journey or seeking to enhance your financial literacy, Empowering Wealth is a valuable companion that equips you with the tools and knowledge needed to navigate the path towards financial well-being. |
| financial literacy in the black community: The Black Millionaires of Tomorrow Boyce Watkins, 2017-07-11 Millions of Americans are stressed over money. They are broke, struggling and afraid. Jobs are disappearing and the black community has been consistently hit especially hard with various forms of severe economic despair. In light of these challenging times, it is critical that we create innovative solutions to deal with these very serious problems. The old models of job-seeking, hoping for the best and spending till you drop will be neither empowering nor beneficial tell our children. So, it's time that we prepare them to be economic competitors in the 21st century. The Black Millionaires Of Tomorrow Program was designed by Finance PhD Dr Boyce Watkins as a creative, simple, effective, no-nonsense solution to the wealth gap that plagues the black community. Using very simple models and light-hearted examples, Dr Watkins and his team of experts have developed a curriculum that can put your child ahead of the curve when it comes to economic preparation and financial sophistication. This program will set your children apart from the pack and make a difference for the rest of lives. We congratulate you for making this very important investment. |
| financial literacy in the black community: Pound Foolish Helaine Olen, 2013-12-31 If you’ve ever bought a personal finance book, watched a TV show about stock picking, listened to a radio show about getting out of debt, or attended a seminar to help you plan for your retirement, you’ve probably heard some version of these quotes: “What’s keeping you from being rich? In most cases, it is simply a lack of belief.” —SUZE ORMAN, The Courage to Be Rich “Are you latte-ing away your financial future?” —DAVID BACH, Smart Women Finish Rich “I know you’re capable of picking winning stocks and holding on to them.” —JIM CRAMER, Mad Money They’re common refrains among personal finance gurus. There’s just one problem: those and many similar statements are false. For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we’ve taken matters into our own hands, embracing the can-do attitude that if we’re smart enough, we can overcome even daunting financial obstacles. But that’s not true. In this meticulously reported and shocking book, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated. She shows how an industry that started as a response to the Great Depression morphed into a behemoth that thrives by selling us products and services that offer little if any help. Olen calls out some of the biggest names in the business, revealing how even the most respected gurus have engaged in dubious, even deceitful, practices—from accepting payments from banks and corporations in exchange for promoting certain products to blaming the victims of economic catastrophe for their own financial misfortune. Pound Foolish also disproves many myths about spending and saving, including: Small pleasures can bankrupt you: Gurus popularized the idea that cutting out lattes and other small expenditures could make us millionaires. But reducing our caffeine consumption will not offset our biggest expenses: housing, education, health care, and retirement. Disciplined investing will make you rich: Gurus also love to show how steady investing can turn modest savings into a huge nest egg at retirement. But these calculations assume a healthy market and a lifetime without any setbacks—two conditions that have no connection to the real world. Women need extra help managing money: Product pushers often target women, whose alleged financial ignorance supposedly leaves them especially at risk. In reality, women and men are both terrible at handling finances. Financial literacy classes will prevent future economic crises: Experts like to claim mandatory sessions on personal finance in school will cure many of our money ills. Not only is there little evidence this is true, the entire movement is largely funded and promoted by the financial services sector. Weaving together original reporting, interviews with experts, and studies from disciplines ranging from behavioral economics to retirement planning,Pound Foolish is a compassionate and compelling book that will change the way we think and talk about our money. |
| financial literacy in the black community: Capitalism Lewis Eldridge, 2016-05-22 As the wealthiest 1% of the entire American population owns 99% of the United States' total cumulative wealth, likewise, the wealthiest 1% of all African-Americans currently owns 56% of the combined African-American cultural wealth as of 2011. This phenomenon occurred within the exact same two decades of capitalistic victory celebrations after the end of the Cold War, in 1991. During the same 20 years, 1991-2011, exactly one generation, while the U.S. experienced the decadence of toxic leveraged debt leading to the greatest housing market crash in the history of humanity, a global economic crisis, and the Great Recession, African-Americans, simultaneously, experienced the rise of the celebrity class which established the obvious realities of assimilation, acculturation, and the polarization of internal ethnic and cultural capitalism, i.e., the rich and the poor class. According to projections, complete assimilation will occur, mirroring the present American economic polarization of wealth, when the richest 1% of all African-Americans will own 98% of their entire net-worth by 2026. Slavery is no longer blatantly existent but abstract through various forms of enslavement. Segregation is no longer spatial or racial but internal. The oppressor is no longer racism, its classism. The greatest division in America is between the haves and have-not's! |
| financial literacy in the black community: Communities in Action National Academies of Sciences, Engineering, and Medicine, Health and Medicine Division, Board on Population Health and Public Health Practice, Committee on Community-Based Solutions to Promote Health Equity in the United States, 2017-04-27 In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome. |
| financial literacy in the black community: The Mis-education of the Negro Carter Godwin Woodson, 1969 |
| financial literacy in the black community: Women and Financial Education Evidence, Policy Responses and Guidance OECD, 2013-10-16 This book provides policy guidance to help policy makers address women's and girls' needs for financial education, and a comprehensive analysis of the current status of knowledge on gender differences in financial literacy and policy responses in terms of financial education for women and girls. |
| financial literacy in the black community: Banking on Freedom Shennette Garrett-Scott, 2019-05-07 Between 1888 and 1930, African Americans opened more than a hundred banks and thousands of other financial institutions. In Banking on Freedom, Shennette Garrett-Scott explores this rich period of black financial innovation and its transformative impact on U.S. capitalism through the story of the St. Luke Bank in Richmond, Virginia: the first and only bank run by black women. Banking on Freedom offers an unparalleled account of how black women carved out economic, social, and political power in contexts shaped by sexism, white supremacy, and capitalist exploitation. Garrett-Scott chronicles both the bank’s success and the challenges this success wrought, including extralegal violence and aggressive oversight from state actors who saw black economic autonomy as a threat to both democratic capitalism and the social order. The teller cage and boardroom became sites of activism and resistance as the leadership of president Maggie Lena Walker and other women board members kept the bank grounded in meeting the needs of working-class black women. The first book to center black women’s engagement with the elite sectors of banking, finance, and insurance, Banking on Freedom reveals the ways gender, race, and class shaped the meanings of wealth and risk in U.S. capitalism and society. |
| financial literacy in the black community: Race and Schooling in the South, 1880-1950 Robert A. Margo, 2007-12-01 The interrelation among race, schooling, and labor market opportunities of American blacks can help us make sense of the relatively poor economic status of blacks in contemporary society. The role of these factors in slavery and the economic consequences for blacks has received much attention, but the post-slave experience of blacks in the American economy has been less studied. To deepen our understanding of that experience, Robert A. Margo mines a wealth of newly available census data and school district records. By analyzing evidence concerning occupational discrimination, educational expenditures, taxation, and teachers' salaries, he clarifies the costs for blacks of post-slave segregation. A concise, lucid account of the bases of racial inequality in the South between Reconstruction and the Civil Rights era. . . . Deserves the careful attention of anyone concerned with historical and contemporary race stratification.—Kathryn M. Neckerman, Contemporary Sociology Margo has produced an excellent study, which can serve as a model for aspiring cliometricians. To describe it as 'required reading' would fail to indicate just how important, indeed indispensable, the book will be to scholars interested in racial economic differences, past or present.—Robert Higgs, Journal of Economic Literature Margo shows that history is important in understanding present domestic problems; his study has significant implications for understanding post-1950s black economic development.—Joe M. Richardson, Journal of American History |
| financial literacy in the black community: The Word on Finances Larry Burkett, 2015-06-22 Every Bible verse on finances, all in one book In a world of shifting economic realities, few financial equations last very long. In the marketplace, countless writers, analysts, and con artists clamor for the public ear. Whose voice can we trust? Which financial principles will stand the test of time? The Word on Finances sorts through the clamor of advice, plans, and ideas to bring us back to the final word we most need to hear: God’s. Author Larry Burkett has organized an invaluable collection of relevant Scriptures into one easy-to-reference volume. Topically arranged New American Standard Bible passages and a concordance focus attention on 70 areas of finance and stewardship, all grouped under 8 headings: Right attitudes Wrong attitudes Credit Giving and providing God’s blessings and curses Investing Work and Wages Government Borrowing, bribery, planning, saving, taxes, and more—if the Bible mentions it, it’s in this book. With Burkett’s practical wisdom opening each topical selection, The Word on Finances is a go-to guide for spending money wisely and in a way that honors God. |
| financial literacy in the black community: The Smartest Investment Book You'll Ever Read Daniel R. Solin, 2006 Presents a plan for personal financial success that emphasizes the use of trusted, brand-name fund managers, and shows investors how to create and monitor portfolios while avoiding common investment mistakes. |
| financial literacy in the black community: The Color of Wealth Barbara Robles, Betsy Leondar-Wright, Rose Brewer, 2006-06-05 For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans. This accessible book—published in conjunction with one of the country's leading economics education organizations—makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice. Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies—how, for example, many post–World War II GI Bill programs helped whites only—The Color of Wealth is the first book to demonstrate the decisive influence of government on Americans' net worth. |
| financial literacy in the black community: The Whiteness of Wealth Dorothy A. Brown, 2022-03-22 A groundbreaking exposé of racism in the American taxation system from a law professor and expert on tax policy NAMED ONE OF THE BEST BOOKS OF THE YEAR BY NPR AND FORTUNE • “Important reading for those who want to understand how inequality is built into the bedrock of American society, and what a more equitable future might look like.”—Ibram X. Kendi, #1 New York Times bestselling author of How to Be an Antiracist Dorothy A. Brown became a tax lawyer to get away from race. As a young black girl growing up in the South Bronx, she’d seen how racism limited the lives of her family and neighbors. Her law school classes offered a refreshing contrast: Tax law was about numbers, and the only color that mattered was green. But when Brown sat down to prepare tax returns for her parents, she found something strange: James and Dottie Brown, a plumber and a nurse, seemed to be paying an unusually high percentage of their income in taxes. When Brown became a law professor, she set out to understand why. In The Whiteness of Wealth, Brown draws on decades of cross-disciplinary research to show that tax law isn’t as color-blind as she’d once believed. She takes us into her adopted city of Atlanta, introducing us to families across the economic spectrum whose stories demonstrate how American tax law rewards the preferences and practices of white people while pushing black people further behind. From attending college to getting married to buying a home, black Americans find themselves at a financial disadvantage compared to their white peers. The results are an ever-increasing wealth gap and more black families shut out of the American dream. Solving the problem will require a wholesale rethinking of America’s tax code. But it will also require both black and white Americans to make different choices. This urgent, actionable book points the way forward. |
| financial literacy in the black community: Black Metropolis St. Clair Drake, Horace Roscoe Cayton, 1970 |
| financial literacy in the black community: Live Richer Challenge Tiffany Aliche, 2014-12-24 The LIVE RICHER Challenge is ideal for beginners that want to be bread-crumbed to financial success. In 36 days this book will help you master your money through simple, daily financial tasks.--Back cover. |
| financial literacy in the black community: History of the Black Dollar Angel Rich, 2017-05-26 Rich reveals significant economic moments in history that have helped shape America--slavery, sharecropping, convict leasing, the Little Rock Nine, Black Wall Street, Civil Rights, The Great Recession, Black Lives Matter, and several other milestones. The book highlights important figures--some renowned, and some lesser known; that have made these black historical moments possible through their personal, diligent efforts.--Page [4] of cover. |
| financial literacy in the black community: Black America, Inc. A. R. Morton, 2016-11-17 In the 21st century Black American citizens, though only 13% of the population, contribute over one trillion dollars ($1,000,000,000,000) in the U.S. retail economy every year. In an era of history where young Americans are looking for solutions, educating them on the importance of socioeconomic empowerment is paramount. To combat the problems that millions of Black Americans face every day, proper utilization of the annual expenditure will be proven to be an essential piece to those solutions. Detailing the significance and implementation of economic initiatives that will restore the black communities across the country. Solutions rooted in financial literacy, community building, health, political representation, job creation, ownership, and control. Though written with Black America as the focal point these economic and political initiatives can be applied to all American households. Black America, Inc. serve as a reference guide for all people of all income levels to show what is possible when people come together for the greater good of everyone. |
| financial literacy in the black community: The Unbanking of America Lisa Servon, 2017-01-10 Why Americans are fleeing our broken banking system: “Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their lower- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve those outside the one percent. “Valuable evidence on the fragility of the personal economies of most Americans these days.”—Kirkus Reviews “An intelligent plea for financial justice…[An] excellent book.”—The Christian Science Monitor |
| financial literacy in the black community: Know Your Price Andre M. Perry, 2020 Changing perceptions about the worth of African Americans and their communities Know Your Price establishes new means of determining value of Black communities. The deliberate devaluation of Blacks and their communities, stemming from America's centuries-old history of slavery, racism, and other state-sanctioned policies like redlining have tangible, far-reaching, and negative economic and social impacts. Rejecting policies shaped by flawed perspectives, the book gives fresh insights on these impacts and provides a new value paradigm to limit them. In the book, noted educator, journalist, and scholar Andre Perry takes readers on a guided tour of five Black-majority cities whose assets and strengths are undervalued. Perry begins the tour in his hometown of Wilkinsburg, a small city east of Pittsburgh that, unlike its much larger neighbor, is struggling and failing to attract new jobs and industry. Perry gives an overview of Black-majority cities and spotlights four where he has a deep connection to--Detroit, New Orleans, Birmingham and Washington, D.C.--providing an intimate look at the assets residents should demand greater value from. Know Your Price demonstrates through rigorous research and thorough analysis the worth of Black people's intrinsic strengths, real property, and traditional institutions. All of these assets are means of empowerment, as Perry argues for shifting away from simplified notions of equality and moving towards maximizing equity. |
| financial literacy in the black community: Bitcoin & Black America Isaiah Jackson, 2019-07-09 Ready for a change in black economics? Join the Bitcoin revolution. Bitcoin and Black America is a dynamic new book that explores the synergy between black economics, Bitcoin and blockchain technology. The global financial system is changing and the digital revolution will not be televised.We explore how to incorporate cryptocurrency in your business, job and educational institution. This book also outlines the need for separation from the racist banking system and a comprehensive list of black professionals actively working in the Blockchain industry. |
| financial literacy in the black community: Mental Health , 2001 |
| financial literacy in the black community: Clever Girl Finance Bola Sokunbi, 2019-06-25 Take charge of your finances and achieve financial independence – the Clever Girl way Join the ranks of thousands of smart and savvy women who have turned to money expert and author Bola Sokunbi for guidance on ditching debt, saving money, and building real wealth. Sokunbi, the force behind the hugely popular Clever Girl Finance website, draws on her personal money mistakes and financial redemption to educate and empower a new generation of women on their journey to financial freedom. Lighthearted and accessible, Clever Girl Finance encourages women to talk about money and financial wellness and shows them how to navigate their own murky financial waters and come out afloat on the other side. Monitor your expenses, build a budget, and stick with it Make the most of a modest salary and still have money to spare Keep your credit in check and clean up credit card chaos Start and succeed at your side hustle Build a nest egg and invest in your future Transform your money mindset and be accountable for your financial well-being Feel the power of real-world stories from other “clever girls” Put yourself on the path to financial success with the valuable lessons learned from Clever Girl Finance. |
| financial literacy in the black community: Investing for Kids Dylin Redling, Allison Tom, 2020-12-15 Outgrow your piggy bank—an intro to investing for kids ages 8 to 12 Did you know that the sooner you understand money, the sooner you can make more of it? It's true! Investing for Kids can help make you money savvy, showing you how to earn it, how to start a savings plan, and the best ways to invest and create a future with money in the bank. With a little help from the astounding Dollar Duo characters—Mr. Finance and Investing Woman—this engaging kid's finance book covers essential information about stocks and bonds, how to invest in them, and how they can help you build your wealth. Learn about the concepts of risk and reward as well as learn how to diversify your portfolio and how to make your money grow. Practical advice—This guide to investing for beginners explores modern investing techniques like impact investing and digital trading. Finance 101 for kids—Get real-life examples that you can relate to and find out about famous investors and historical events. Taking stock—Dive into interactive activities and discussions that include kids and parents alike. This ultimate money book for kids gives you a jump-start on how to be a smart investor. |
| financial literacy in the black community: Financialization, Financial Literacy, and Social Education Thomas A. Lucey, 2021-09-30 The objective of this book is to prompt a re-examination of financial literacy, its social foundations, and its relationship to citizenship education. The collection includes topics that concern indigenous people’s perspectives, critical race theory, and transdisciplinary perspectives, which invite a dialogue about the ideologies that drive traditional and critical perspectives. This volume offers readers opportunities to learn about different views of financial literacy from a variety of sociological, historical and cultural perspectives. The reader may perceive financial literacy as representing a multifaceted concept best interpreted through a non-segregated lens. The volume includes chapters that describe groundings for revising standards, provide innovative teaching concepts, and offer unique sociological and historical perspectives. This book contains 13 chapters, with each one speaking to a distinctive topic that, taken as a whole, offers a well-rounded vision of financial literacy to benefit social education, its research, and teaching. Each chapter provides a response from an alternative view, and the reader can also access an eResource featuring the authors’ rejoinders. It therefore offers contrasting visions about the nature and purpose of financial education. These dissimilar perspectives offer an opportunity for examining different social ideologies that may guide approaches to financial literacy and citizenship, along with the philosophies and principles that shape them. The principles that teach and inform about financial literacy defines the premises for base personal and community responsibility. The work invites researchers and practitioners to reconsider financial literacy/financial education and its social foundations. The book will appeal to a range of students, academics and researchers across a number of disciplines, including economics, personal finance/personal economics, business ethics, citizenship, moral education, consumer education, and spiritual education. |
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