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by Frederick H. Lowe
Paying down or paying off consumer-loan and student-loan debt are the chief concerns of African-American consumers and recent college graduates, according to a Prudential Financial Inc., survey, released on Tuesday.
The report titled, "The African American Financial Experience for 2013-2014," revealed that high-consumer debt was a source of anxiety and depression for one in four African Americans.
The survey also reported that median household debt, including high-interest credit-card loans, was $18,000, 50 percent higher than the household debt for the general population.
by Frederick H. Lowe
Despite a difficult economy in which the seasonally adjusted black-unemployment rate is higher than a year ago, African-Americans are more optimistic about their financial situation, compared to a year ago, but that view is mostly held by young people and college graduates, according to a Prudential Inc. survey.
by Frederick H. Lowe
If investment counselors want to sign African-Americans as clients, they should go over money issues in a church because there is greater reliance on faith-based institutions for financial information, according to a Prudential Inc. survey.
This includes pastors imparting financial information from the pulpit or financial professionals being invited to speak to the congregation.
125-year-old HBCU Surprised by Decision
by Jeremy M. Lazarus
Special to the Trice Edney News Wire from the Richmond Free Press
Lawrenceville, Va. --- Saint Paul’s College, a historically African-American college, no longer has a buyer. Saint Augustine’s University of Raleigh, N.C., has dropped plans to take over 125-year-old Saint Paul’s, its sister Episcopal-affiliated school in Lawrenceville, 80 miles southwest of Richmond.
Mississippi's black jobless rate is twice that of the state's whites
The Economic Policy Institute, a nonprofit, nonpartisan Washington, D.C.-based think tank, recently reported that unemployment rates among African Americans in Michigan and Mississippi are double each state's white unemployment rate.
The Congressional Black Caucus Foundation, Inc., will hold its 43rd Annual Legislative Conference Sept. 18-21 at the Walter E. Washington Convention Center in Washington, D.C.
Members of the Congressional Black Caucus and other black elected officials and non-elected officials attend the conference in which they discuss a variety of issues affecting African-Americans.
Gay adult leaders are still barred
The Boy Scouts of America on Thursday dropped its 100 year-old prohibition on openly gay scouts, but a ban on gay adult leaders remains in place.
Benjamin Crump, the attorney for Trayvon Martin's family, said on Thursday that the teenager is being posthumously racially profiled.
Crump made the statement after attorneys for George Zimmerman, Trayvon Martin's killer, released texts from the teenager's mobile phone in which he discussed fighting, smoking marijuana, having a gun and being forced to move out his mother's house.
Yet Business Lobby Pushes for More Temporary Workers
by William Spriggs
Over last weekend, young people watched or read about President Obama speaking at Morehouse College and First Lady Michelle Obama addressing the graduates of Bowie State University. Hopefully they were inspired by seeing so many young and gifted people finishing the course they chose to follow. Well, here is a little known set of facts.
1969 ----- Police and National Guardsmen fired on demonstrating students at North Carolina AT&T in Greensboro, N.C., killing one student on this day.
The uprising began at Dudley High School, when Claude Barnes, a write-in candidate for student-council president at Dudley High School was denied a landslide victory because school officials feared his involvement in the Black Power Movement.
The next day, Barnes and his friends protested the school administration's interference in the student council election by walking out of school. The following day a few more students joined.
The city's black leaders urged Dudley officials to recognize Barnes' victory, but instead school administrators called the police. Barnes said he thinks the protest would have quickly run its course.