#NNPA BlackPress
Black America’s Housing Crisis: More Renters Than Homeowners
NNPA NEWSWIRE — From Boston west to Seattle, and from Chicago to Miami and parts in between, the rising cost of living is particularly challenging in one area: housing. Both homeowners and renters alike today cope as best they can just to have a roof over their families’ heads.
Homeless Population Jumps 12%
By Charlene Crowell, NNPA Newswire Contributor
No matter who you are, or where you live, there’s a central concern that links consumers all over the country: the ever-rising cost of living. For many consumers, the combined costs of housing, transportation, food, and utilities leave room for little else from take-home pay.
From Boston west to Seattle, and from Chicago to Miami and parts in between, the rising cost of living is particularly challenging in one area: housing. Both homeowners and renters alike today cope as best they can just to have a roof over their families’ heads.
The nation’s median sales price of a new home last September in 2019 was $299,400, according to the U.S. Census Bureau. Even for an existing home, the St. Louis Federal Reserve noted its median price in December was $274,500.
For renters, the cost of housing is also a serious challenge. Last June, the national average rent reached $1,405, an all-time high. But if one lives in a high-cost market like Manhattan, Boston, Los Angeles, or San Francisco, a realistic rental price is easily north of $3,000 each month.
Now a new report from Harvard’s Joint Center for Housing Studies (JCHS) finds that the American Dream of homeownership is strained even among households with incomes most would think adequate to own a home. From 2010 to 2018, 3.2 million households with earnings higher than $75,000 represented more than three-quarters of the growth in renters in its report entitled, America’s Rental Housing 2020.
“[F]rom the homeownership peak in 2004 to 2018, the number of married couples with children that owned homes fell by 2.7 million, while the number renting rose by 680,000,” states the report. “These changes have meant that families with children now make up a larger share of renter households (29%) than owner households (26%).”
To phrase it another way, America’s middle class is at risk. Consumer demographics that traditionally described homeowners, has shifted to that of renters. And in that process, the opportunity to build family wealth through homeownership has become more difficult for many — and financially out of reach for others.
“Rising rents are making it increasingly difficult for households to save for a down payment and become homeowners,” says Whitney Airgood-Obrycki, a JCHS Research Associate and lead author of the new report. “Young, college-educated households with high incomes are really driving current rental demand.”
Included among the report’s key findings:
- Rents in 2019 continued their seven-year climb, marking 21 consecutive quarters of increases above 3.0%;
- Despite the growth in high-income white renters, renter households overall have become more racially and ethnically diverse since 2004, with minority households accounting for 76 percent of renter household growth through 2018; and
- Income inequality among renter households has been growing. The average real income of the top fifth of renters rose more than 40 percent over the past 20 years, while that of the bottom fifth of renters fell by 6 percent;
“Despite the strong economy, the number and share of renters burdened by housing costs rose last year after a couple of years of modest improvement,” says Chris Herbert, Managing Director of the Joint Center for Housing Studies. “And while the poorest households are most likely to face this challenge, renters earning decent incomes have driven this recent deterioration in affordability.”
This trend of fewer homeowners has also impacted another disturbing development: the nation’s growing homeless population.
Citing that homelessness is again on the rise, the JCHS report noted that after falling for six straight years, the number of people experiencing homelessness nationwide grew from 2016–2018, to 552,830. In just one year, 2018 to 2019, the percentage of America’s Black homeless grew from 40% to more than half – 52%.
That independent finding supports the conclusion of the Department of Housing and Urban Development’s report to Congress known as its Annual Homeless Assessment Report.
While some would presume that homelessness is an issue for high-cost states like California, and New York, the 2019 HUD report found significant growth in homeless residents in states like Alabama, Louisiana, Mississippi, Virginia, and Washington as well.
According to HUD, states with the highest rates of homelessness per 10,000 people were New York (46), Hawaii (45), California (38), Oregon (38), and Washington (29), each significantly higher than the national average of 17 persons per 10,000. The District of Columbia had a homelessness rate of 94 people per 10,000.
And like the JCHS report, HUD also found disturbing data on the disproportionate number of Black people who are now homeless.
For example, although the numbers of homeless veterans and homeless families with children declined over the past year, Blacks were 40% of all people experiencing homelessness in 2019, and 52% of people experiencing homelessness as members of families with children.
These racial disparities are even more alarming when overall, Blacks comprise 13% of the nation’s population.
When four of every 10 homeless people are Black, 225,735 consumers are impacted. Further, and again according to HUD, 56,381 Blacks (27%) are living on the nation’s streets, instead of in homeless shelters.
The bottom line on these research reports is that Black America’s finances are fragile. With nagging disparities in income, family wealth, unemployment and more – the millions of people working multiple jobs, and/or living paycheck to paycheck, are often just one paycheck away from financial disaster.
Add predatory lending on high-cost loans like payday or overdraft fees, or the weight of medical debt or student loans, when financial calamity arrives, it strikes these consumers harder and longer than others who have financial cushions.
And lest we forget, housing discrimination in home sales, rentals, insurance and more continue to disproportionately affect Black America despite the Fair Housing Act, and other federal laws intended to remove discrimination from the marketplace.
The real question in 2020 is, ‘What will communities and the nation do about it?’
For Keeanga-Yamahtta Taylor, an assistant professor of African-American studies at Princeton University and author of the new book, “Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership”, federal enforcement of its own laws addressing discrimination and acknowledging the inherent tug-of-war wrought from the tension of public service against the real estate industry’s goal of profit, there’s little wonder why so many public-private partnerships fail to serve both interests.
In a recent Chicago Tribune interview, Professor Taylor explained her view.
“You don’t need a total transformation of society to create equitable housing for people,” said Taylor. “We have come to believe that equitable housing is just some weird thing that can’t happen here, and the reality is that we have the resources to create the kinds of housing outcomes that we say we desire.”
“The way to get that has everything to do with connecting the energy on the ground to a different vision for our society — one that has housing justice, equity and housing security at the heart of it,’ Taylor continued. “The resources and the money are there, but there’s a lack of political will from the unfortunate millionaire class that dominates our politics… I think, given the persistence of the housing crisis in this country, we have to begin to think in different ways about producing housing that is equitable and actually affordable in the real-life, lived experiences of the people who need it.”
Amen, Professor Taylor.
Charlene Crowell is the Center for Responsible Lending’s communications deputy director. She can be reached at charlene.crowell@responsiblelending.org.
#NNPA BlackPress
Black Americans Still Face Deep Retirement Gaps Despite Higher Incomes
BLACKPRESSUSA NEWSWIRE — Debt remains a significant barrier. 63% of higher-income Black households said debt is a problem, while just 45% of non-Black households at the same income level said the same. Nearly half of upper-income Black respondents said debt affects their ability to save or live comfortably in retirement.

By Stacy M. Brown
Black Press USA Senior National Correspondent
A report from the Employee Benefit Research Institute shows that Black Americans continue to face serious challenges in saving for retirement, even as their incomes grow.
The 2025 Retirement Confidence Survey, which included a special oversample of Black workers and retirees, found that the wealth gap remains wide at every income level. Among households earning $75,000 or more, only 33% of Black Americans reported having $250,000 or more in savings and investments, compared with 63% of non-Black Americans. Debt remains a significant barrier. 63% of higher-income Black households said debt is a problem, while just 45% of non-Black households at the same income level said the same. Nearly half of upper-income Black respondents said debt affects their ability to save or live comfortably in retirement.
While many Black Americans expressed confidence managing day-to-day budgets, fewer felt prepared to invest or plan for the long term. The study showed that Black Americans with higher incomes were less likely to have personally saved for retirement, 77%, compared with 87% of non-Black Americans. Retirement experiences also differed sharply. Forty-four percent of Black retirees said they retired earlier than planned because of a health problem or disability, compared with 32% of non-Black retirees. After leaving their main jobs, Black retirees were more likely to work for pay to make ends meet, and more often said their retirement lifestyle was worse than expected. Access to financial advice and planning remains uneven. Just 31% of Black respondents reported currently working with a financial advisor, although nearly half expect to do so in the future. Black Americans were more likely to seek help with reducing debt, creating wills or estate plans, and arranging life insurance than simply determining if they had saved enough to retire.
Researchers Craig Copeland and Lisa Greenwald wrote, “Black Americans reported disproportionately lower financial resources, and how they feel about retirement and financial security is clearly impacted by having less resources.” They continued, “In particular, Black retirees are struggling with higher likelihoods of their retirement lifestyle being worse than expected and having to retire earlier than planned because of a health problem or disability.” “Still,” the researchers concluded, “there are some modifications in the financial system that could help improve their prospects, such as increased assistance in balancing competing financial priorities like debt reduction, supporting family, and building long-term savings.”
#NNPA BlackPress
Scorching Heat Sparks Bipartisan Climate Alarm
BLACKPRESSUSA NEWSWIRE — As record-breaking heat waves sweep across the country this summer, a new national poll reveals an overwhelming majority of Americans are linking the punishing temperatures to climate change — and voicing deep concern about the government’s ability to respond.

By Stacy M. Brown
Black Press USA Senior National Correspondent
As record-breaking heat waves sweep across the country this summer, a new national poll reveals an overwhelming majority of Americans are linking the punishing temperatures to climate change — and voicing deep concern about the government’s ability to respond.
The American Climate Perspectives Survey 2025, conducted by ecoAmerica, found that 86% of Americans say rising temperatures have increased their concern about climate change, with more than half reporting they are “a lot” more concerned. The sentiment cuts across demographic and political lines, with 97% of Democrats, 83% of Independents, and 79% of Republicans expressing heightened worry about the climate crisis. “Americans are connecting extreme heat to climate change, their health, and government inaction,” said Meighen Speiser, Executive Director of ecoAmerica.
Nearly nine in ten respondents recognize the toll heat is taking on public health, with 58% saying extreme heat affects health “a lot.” This awareness is remarkably consistent across racial, age, and income groups. Among Black Americans, 91% said rising temperatures have intensified their concern about climate change, reflecting some of the highest concern levels among any group surveyed. Those concerns are not abstract. Decades of research by the Brookings Institution, NOAA, and others show Black communities often face the greatest exposure to extreme heat and the fewest resources to adapt. Studies have documented that historically redlined neighborhoods, where many Black Americans live, are routinely up to 10 degrees hotter than wealthier, predominantly white neighborhoods nearby.
In cities such as Atlanta and Baltimore, Black homeowners are significantly more likely to face heat risks and energy insecurity, limiting their ability to cool their homes as temperatures rise. Nationally, Black renters experience higher rates of energy insecurity, with over half struggling to afford adequate cooling during heat waves. Meanwhile, the latest study also points to a notable shift in how Americans perceive the link between climate change and extreme weather. Eighty-two percent now believe that climate change is making extreme events, such as floods, wildfires, and hurricanes, more frequent and severe, up six points since 2021. The most dramatic change is among Republicans: the share who recognize that climate change is fueling extreme weather surged 17 points over four years, from 58% in 2021 to 75% in 2025.
These findings arrive as proposals to slash funding for the Federal Emergency Management Agency (FEMA) and the National Oceanic and Atmospheric Administration (NOAA) advance in Washington. The agencies are widely seen as the nation’s front-line defense against disasters and a critical source of weather forecasting and emergency relief. The risks are particularly acute for Black communities already facing disproportionate impacts from hurricanes and flooding, as seen in the devastation of New Orleans after Hurricane Katrina and more recent storms that have repeatedly displaced predominantly Black neighborhoods in the Gulf Coast and Southeast.
The survey shows Americans are not just worried about rising temperatures — they’re anxious about the government’s readiness to protect communities. Seventy-nine percent said cuts to FEMA and NOAA make them more concerned about the federal government’s ability to respond to climate impacts. That includes 92% of Democrats, 76% of Independents, and 69% of Republicans, underscoring that the anxiety is bipartisan.
Generational divides are also apparent. While 95% of young adults reported that extreme heat has boosted their concern about climate change, the figure was lower — but still significant — among adults over 65, at 70%. However, across all age groups, majorities agree that the crisis is escalating and requires immediate action. “These findings show it’s time to drop partisan politics and rather meet this moment with urgency, leadership, and protection,” Speiser said.
#NNPA BlackPress
Michael Jackson Estate Files Court Petition Alleging $213 Million Extortion Plot by Frank Cascio
BLACKPRESSUSA NEWSWIRE — The court action, exclusively obtained by Black Press USA, reveals in unprecedented detail how the estate contends that Cascio and unnamed associates used their proximity to Jackson—once proudly touted in books and interviews—to demand a fortune from the most successful celebrity estate in history.

By Stacy M. Brown
Black Press USA Senior National Correspondent
The Estate of Michael Jackson has filed an explosive petition in Los Angeles Superior Court accusing Frank Cascio, a man once described as Jackson’s “second family,” of masterminding a $213 million extortion plot to force payouts by threatening to flip decades of public support into salacious allegations about the King of Pop. The court action, exclusively obtained by Black Press USA, reveals in unprecedented detail how the estate contends that Cascio and unnamed associates used their proximity to Jackson—once proudly touted in books and interviews—to demand a fortune from the most successful celebrity estate in history. “For over 30 years, these individuals held themselves out as Michael Jackson’s most passionate defenders,” the petition states, quoting Cascio’s repeated assertions—under oath and on national television—that Jackson never harmed him or any child. “It was a shakedown,” the estate’s lawyers charged.
A Decades-Long Public Defense
As recently as 2011, Cascio promoted his memoir My Friend Michael, describing a warm, fatherly relationship with Jackson. “I want to be precise and clear, on the record, so that everyone can read and understand,” he wrote. “Michael’s love for children was innocent, and it was profoundly misunderstood.” He doubled down in dozens of interviews. During a 2005 ABC Primetime Live broadcast, Cascio—then using the name Frank Tyson—declared: “If Michael ever laid a finger on me, I would not be in this chair right now.” In a 2011 sit-down with Wendy Williams, he said with conviction, “Nothing at all. And that’s what makes me so upset,” when asked whether Jackson had ever acted inappropriately. Even years later, one of the respondents continued to insist Jackson was a target of “liars,” telling Oprah Winfrey during a televised interview: “Michael couldn’t harm a fly. He’s such a kind and gentle soul. Michael was a target.” In 2019, when HBO’s controversial Leaving Neverland documentary ignited a fresh wave of criticism and threatened multiple Jackson-related projects—including Cirque du Soleil’s “Michael Jackson ONE”—estate co-executors John Branca and John McClain, along with the Michael Jackson Company, sought Cascio’s support. Instead, they say, Cascio turned on them.
A Secret Settlement
Facing mounting public pressure and what they describe as repeated threats to invent new claims, the estate entered into a confidential settlement on January 10, 2020. Under the agreement, Cascio and his associates would receive millions over five years—$3 million each, according to sources familiar with the negotiations—in exchange for comprehensive waivers, a sweeping nondisclosure clause, and an ironclad promise to arbitrate any disputes. The estate said it acted reluctantly to protect Jackson’s children and preserve projects that would cement the late artist’s legacy. “We have a fiduciary responsibility to maximize the income of the estate,” Branca said in an earlier interview. “Our counsel insisted we sign the agreement. They didn’t want it disclosed either because Michael’s fans would have gone after these people.” The settlement contained an unusually strict provision barring even the disclosure of the agreement’s existence.
The $213 Million Demand
Despite having collected payments under that deal, Cascio, through lawyers, allegedly re-emerged in July 2024 with a stunning ultimatum: Pay $213 million more, or face a media spectacle. According to the court filing, Cascio’s legal team—then led by attorney Howard King—threatened to “expand the circle of knowledge” and leak allegations to the buyer of Jackson’s $600 million music catalog if their demands were not met. In one email sent August 29, 2024, King wrote, “We expect a substantive response by the end of day tomorrow. Otherwise, we will be forced to expand the ‘circle of knowledge.’” The estate called this an extortionate threat designed to pressure them into paying for silence. The estate responded by initiating a confidential arbitration proceeding on September 17, 2024, accusing Cascio of civil extortion and anticipatory breach of contract. Days later, Cascio’s lawyers delivered draft lawsuits “riddled with outlandish scurrilous allegations” that directly contradicted his years of public statements.
The Geragos Factor
By January 2025, Cascio had replaced his counsel with Mark Geragos—ironically, Jackson’s former defense lawyer who had proclaimed to Good Morning America that “there’s nothing sexual going on” and that Jackson was “100 percent innocent.” In his 2013 book Mistrial, Geragos wrote of Jackson’s 2005 acquittal: “The evidence was overwhelming that he never touched this kid, and the entire thing was a huge shakedown.” He also appeared on The Megyn Kelly Show in December 2021 to blast Leaving Neverland, calling it “a complete rewrite of history” and an “absolute travesty.” However, now Geragos has taken the opposite stance, representing Cascio in a renewed effort to file public litigation. According to the estate’s filing, Geragos lowered the demand to $44 million but warned that if the estate refused, they would sue for defamation, emotional distress, and an alleged “cover-up.” The estate insists these claims are “bogus” and barred by the original settlement’s releases and arbitration clauses. The petition points out that the agreement explicitly requires arbitration for any disputes, even the question of whether a claim is arbitrable. “The question of arbitrability is itself a question to be resolved finally by the arbitrator,” the contract states.
The Estate’s Broader Mission
This latest legal battle comes as the Jackson estate continues to flourish. Since Jackson died in 2009, Branca and McClain have transformed a $500 million debt into an empire generating over $3 billion. Projects include the record-breaking concert film Michael Jackson’s This Is It, Cirque du Soleil productions, and the upcoming Antoine Fuqua biopic MICHAEL, starring Jackson’s nephew Jaafar. Yet Branca says managing the estate means protecting it from opportunistic attacks. “Michael was acutely aware of the racial undertones in how he was perceived,” Branca told Black Press USA in a prior interview, recalling Jackson’s lament: “Sinatra’s the chairman of the board. Elvis is the king. Springsteen is the boss. But what do they call me? The Gloved One…that’s racist.” Branca added, “I definitely believe there’s a racist element in the media coverage of Michael Jackson since the 1980s. Michael got so big many were jealous.” The estate has requested that the court order Cascio into arbitration and award legal fees. If the petition is granted, any subsequent proceedings would take place in private. For now, the estate is vowing not to yield. “We will continue to manage the estate with the integrity and dedication that Michael deserved,” Branca said. “Attempts like this to tarnish his memory for financial gain will not succeed.”
-
Activism4 weeks ago
Congress Says Yes to Rep. Simon’s Disability Hiring and Small Biz Support Bill
-
Activism4 weeks ago
OPINION: California’s Legislature Has the Wrong Prescription for the Affordability Crisis — Gov. Newsom’s Plan Hits the Mark
-
Activism4 weeks ago
The Case Against Probate: False Ruling Invalidates Black Professor’s Estate Plan, Ignoring 28-Year Relationship
-
Activism4 weeks ago
Juneteenth: Celebrating Our History, Honoring Our Shared Spaces
-
#NNPA BlackPress4 weeks ago
IN MEMORIAM: Legendary Funk Pioneer Sly Stone Dies at 82
-
Activism4 weeks ago
Oakland Post: Week of June 18 – 24, 2025
-
Antonio Ray Harvey4 weeks ago
Air Quality Board Rejects Two Rules Written to Ban Gas Water Heaters and Furnaces
-
Activism2 weeks ago
Oakland Post: Week of June 25 – July 1, 2025