U.S. Black Chamber Prez Talks Loss of African American Businesses and a Global Future for the Black Dollar
By Stacy M. Brown During the first three months of the pandemic, approximately 442,000 – or 41 percent – of Black businesses shuttered. As COVID continues to hamper progress, the overall decline of small and minority-owned firms remains striking. Data culled from multiple studies revealed that Latinx business owners fell by 32 percent and Asian business owners dropped by 26 percent. Meanwhile, the number of White business owners fell by 17 percent. While the current climate has exacerbated the wealth gap and unveiled the unimagined financial straits of Black and other
At-Home Financial Literacy Lessons For Children
As appeared first in the Michigan Chronicle Numerous surveys show that many Americans live paycheck to paycheck, have little saved for retirement, and lack fundamental financial knowledge. Part of the problem, experts say, is that financial literacy has not been emphasized in American education; only 21 states require high school students to take a personal finance-related class. If parents want their children to learn the value of money and how to avoid financial problems as adults, the education has to start at home, says Steve Kruman, a financial planner