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New Study Shows Lower-Income Black Households Were Hit The Hardest Financially During The Pandemic - Blavity

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The COVID-19 pandemic threatened the economic stability of workers worldwide. According to Pew Research , 25 million people lost their jobs in the U.S. between February and April 2020. However, while it took years for America’s employment level to bounce back, a recent report published by the Board of Governors of the Federal Reserve System found that many American households saw a 37% increase in wealth from 2019 to 2022 after inflation. Unfortunately, lower-income, Black households didn’t enjoy the same upswing. A new Pew Research study found that contrary to other less affluent households, debt in lower-income Black households is still a significant problem. According to the report, lower-income Black households reduced their debt from $10,100 to $4,000 from 2019 to 2021. The majority of these households still retained a significant amount of debt, unlike their white, Hispanic, and Asian counterparts. In addition, around one in four Black households had no wealth or were in debt...

Source: Blavity News

Black Sands : Rumble in Kerma Pt. 1

Martin Luther King Jr. Facts

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  • Voter registration drive, led by Martin Luther
  • How to Fight Racism
  • Maya Angelou
  • Historically black colleges and universities
  • A Biography of the Rev. Martin Luther King Jr.
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  • Selma Demonstration Ends in 700 Arrests
  • About Martin Luther King Jr. - Personal Facts
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