Church leaders urged parishioners to bring the money from the bottom of their purses or coin jars. By September, they had raised the money needed to buy the medical debt for pennies on the dollar.
View MoreTag: African American Wealth
Entrepreneur Creates Flashcards That Teach Children About Black Millionaires & Billionaires | Chicago Defender
By Jeffrey Somers, Chicago Defender New Orleans, LA — New Orleans-based media company, Raising Black Millionaires, has just released the first volume in their series of Raising Black Millionaires Flashcards, to empower parents and educators of Black children with an effective and easy tool that builds self-confidence, high self-esteem, and limitless earning potential for all […]
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How America’s Ugly History of Segregation Changed the Meaning of the Word ‘Ghetto’ | TIME
By Daniel B. Schwartz, TIME Today, for many Americans, the word “ghetto” conjures images of run-down and crime-ridden African American segregated areas—“inner cities,” in a common euphemism. This connotation is relatively recent; it has only become mainstream in the past 70 years or so. Beforehand, the term was primarily associated with Jewish urban quarters, and […]
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EXCLUSIVE: How This Woman Became the Youngest Black McDonald’s Owner in the U.S. | Black Enterprise
By Kemberley Washington, CPA,Black Enterprise Jade Colin made headlines earlier this month when The Black Professional broke the news that she held the title of the youngest black owner of a McDonald’s in company history. Colin acquired her franchise after working at her family’s McDonald’s straight out of college and then completing the restaurant chain’s […]
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Here’s How One Couple Paid $200K Of Debt In 5 Years By First Addressing Their Money Hang-Ups | Forbes
Ryan Derousseau, Forbes In order to pursue financial independence, first Julien and Kiersten Saunders had to address the psychological barriers they had when it came to spending and saving money. JULIEN & KIERSTEN SAUNDERS. Featured Image [dropcap]W[/dropcap]here Julien and Kiersten Saunders live in Atlanta, GA, they have multiple options for grocery shopping. There’s the high-end […]
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A.L. Lewis: Florida’s first black millionaire remembered | NBC News
By Associated Press, NBC News Dr. Johnnetta Betsch Cole. Featured Image [dropcap]F[/dropcap]ERNANDINA BEACH, Fla. — They called him Fafa. A.L. Lewis loomed large in the Jacksonville childhood of great-granddaughter Johnnetta Betsch Cole and her two siblings. With only an elementary school education, he helped found the Afro-American Life Insurance Co. in 1901 and became Florida’s […]
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Thomas L. Jennings, First African American to Receive a Patent | Post News Group
Tamara Shiloh, Post News Group [dropcap]Patents[/dropcap] are important official documents as they are used to safeguard one’s inventions. The first U.S. patent was issued in 1790. But it wasn’t until March 3, 1821, that a patent was issued to an African American: Thomas L. Jennings. [mc4wp_form id=”6042″] Jennings, born free in 1791, was awarded the […]
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Why Japanese-Americans received reparations and African-Americans are still waiting | The Conversation
Rhoda E. Howard-Hassmann, The Conversation Carvings and barbed wire illustrate the Bainbridge Island Japanese American Exclusion Memorial on Bainbridge Island, Wash. The site, designed by architect Johnpaul Jones, opened in 2011. (AP/Seattle Times/Jordan Stead). Featured Image [dropcap]In[/dropcap] June, the United States House of Representatives held a debate about reparations to African-Americans. One of the questions […]
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The Racist History of Tipping | Politico
Reverend Dr. William J. Barber II, Politico An illustration of the interior of a Pullman dining car. | Library of Congress. Featured Image [dropcap]This[/dropcap] week, the House of Representatives will have a chance to end a pernicious legacy of slavery. Lawmakers will vote on the Raise the Wage Act, which would boost the minimum wage […]
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Bank of America Launches $5 Billion Home Loan Assistance Program | BlackPressUSA
Stacy M. Brown, NNPA Newswire Correspondent, BlackPressUSA [dropcap]NNPA[/dropcap] NEWSWIRE — The new Bank of America program includes down payment and closing cost assistance; innovative low down payment mortgages; grants that can be applied to non-recurring closing costs; a national network of lending professionals; easy-to-understand financial education tools; strategic partnerships with real estate professionals; and a […]
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