Day: February 4, 2022

The Certified Financial Planner Board of Standards’ priorities that its new chair, Kamila Elliott, is focused on for 2022 include increasing access and “the number of people of color and women in the profession,” she told ThinkAdvisor in a phone interview. One key part of that plan is “creating awareness” of the profession, especially among groups …

First Black CFP Board Chairwoman Aims to Be ‘New Face’ of Financial Planning Read More »

66% of Black borrowers regret taking out student loans Young Black adults take on 85% more education debt than their white counterparts Parallels between student debt and the racial wealth gap are astonishing, leaving many Black student loan borrowers regretting their higher education loans. While 86.6% of Black college students take out federal loans to attend four-year …

66% of Black Student Loan Borrowers Are in a Sunken Place Read More »

The Value Gap is a MarketWatch Q&A series with business leaders, academics, authors, policymakers and activists on reducing racial and social inequalities. Picture two homes the same size, each built in the same year and in the same condition, both in neighborhoods with similarly decent public schools and access to amenities like libraries, museums and restaurants …

‘There is a penalty for being Black’: How present-day racism devalues Black people and their property — and what to do about it Read More »

Reading Time: 3 minutes Mortgage lenders aren’t making headway on longstanding racial disparities in home lending, according to a new analysis. The National Community Reinvestment Coalition, tapping federal data, found that Black and Latino borrowers were still receiving loans to purchase homes in 2020 at lower rates than white borrowers.  And the boom in refinancing touched off by falling …

Home lending remains unequal Read More »

Anew analysis, “Taxing Extreme Wealth,” by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires found a shocking rise in global wealth among the world’s richest people despite deepening inequality during the Covid-19 pandemic. The analysis, “Taxing Extreme Wealth: An annual tax on the world’s multi-millionaires and billionaires: What it would raise and …

Report: Taxing the World’s Richest Would Raise US $2.52 Trillion a Year Read More »

Most see wealth inequality, especially between Black and white Americans, as too long-standing and intractable to be solved in any meaningful way. Lenwood V. Long, Sr. isn’t one of them. RELATED STORIES The 77-year-old has dedicated much of his professional life to community economic development and in 2018, the North Carolina native helped found the …

More Than 30 Black CDFI CEOs Team Up to Shrink the Racial Wealth Gap Read More »