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Closing Education Gap Would Boost U.S. Economy

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Attorney General Loretta Lynch speaking at NAACP convention in Philadelphia (Photo by Abdul Sulayman/Philadelphia Tribune)

Attorney General Loretta Lynch speaking at NAACP convention in Philadelphia
(Photo by Abdul Sulayman/Philadelphia Tribune)

By Freddie Allen
NNPA Senior Washington Correspondent

WASHINGTON (NNPA) – Men of color would earn $170 billion more a year, if they reached the same education level as White men, according to a new White House report.

The report examined “opportunity gaps facing youth of color” and found stunning correlations between the educational and employment success of young men of color and how that success can directly impact the national economy.

Not only would closing the education attainment gap result in higher annual earnings for men of color 25-64 years-old, it would also increase the gross domestic product, the value of the production of goods and services, by 1.8 percent in the United States. The Bureau of Economic Analysis reported that GDP decreased by an annual rate of 0.2 percent in the first quarter of 2015.

The high school graduation rate for Black students is 17 percentage points lower than their White classmates and only “28 percent of Blacks have a college degree by their late 20s, compared to nearly half of White men,” the report said.

The report said that youth of color encounter a number of barriers to opportunity at higher rates compared to their White peers.

“For example, while 20 percent of all children under age 18 live in poverty, 38 percent of Black children and 30 percent of Hispanic children live in poverty, compared to 11 percent of non-Hispanic White children,” stated the report.

Poor students often don’t have access to early childhood education, increasing the likelihood that they will start school at considerable disadvantage to their more affluent peers. When young students fall behind in their reading skills, it makes it harder for them to catch up to their peers in later grades and increases the chances that they will drop out.

When young Black men disconnect from school, they are more likely to connect to the criminal justice system at considerable expense to the rest of society.

“The cost of incarceration is far substantially higher than investing in education or other programs to increase opportunity, even before one takes the returns to the investments into account,” the report said. “The cost of incarceration for a single juvenile is over $100,000 – twice as high as tuition at the most expensive college in the country or a year of intensive mentoring.”

And even though crime is down in recent years, spending on corrections at the federal, state and local level is $80 billion, according to President Obama.

A history poverty, lack of access to early childhood education and early interaction with the criminal justice system can follow a young Black man deep into adulthood and contribute to an early death or a lifetime of missed employment opportunities and lower rates of employment compared to White men.

“Even when there is little difference in the likelihood of committing a crime, individuals of color are much more likely to be arrested,” stated the report. “For example, a black individual is nearly four times as likely as a white individual to be arrested for marijuana possession, even though black and white individuals reported using marijuana at similar rates in 2010.”

The report continued: “In 1984, the majority of State and Federal prisoners were White.  In 2011, the majority of the more than 1.5 million prisoners were minorities, including 930,000 prisoners who were Black or Hispanic (61 percent).”

“Among adults 16 and older, Black men are nearly 15 percentage points less likely to be employed than White men,” stated the report.

And because the labor force participation rate only tracks people who are either employed or looking for work, more than 1 million Black men languishing in American prisons remain unaccounted for in the labor market artificially narrowing the employment chasm between Blacks and Whites until they return home.

“The relationship between economic opportunity and crime is not wholly clear-cut. For instance, crime fell throughout the most recent recession. Nevertheless, experience of past decades suggests that improving economic opportunity can also help lower crime rates,” the report said.

The report noted that the Chicago-based Becoming a Man (BAM) program has achieved success at steering disadvantaged young men away from the criminal justice system by taking a different approach

Rather than offering targeted job opportunities, the report said that BAM, which primarily serves young Black and Latino men, teaches their members how to make better decisions “in high-stress situations through in-school sessions focused on making participants more aware of their automatic responses and on thinking about the appropriate response to the situation at hand.”

BAM not only reduced violent crime arrests among program participants from 2009-2010, the young men also got better grades. An evaluation of the program during the 2013-2014 school year showed a 31 percent decline in the likelihood of arrests for BAM members.

The White House report said that scholarships and one-on-one coaching can also help low-income students graduate from college.

The high costs of mass incarceration, coupled with the increased awareness about the militarization of local police forces and the controversial practices of the for-profit prison industry have driven lawmakers to reconsider tough on crime policies in favor of smarter sentencing guideline, restorative justice and community-based rehabilitation programs.

During her keynote address at the NAACP’s annual convention in Philadelphia, United States Attorney General Loretta Lynch noted the launch of the Smart on Crime initiative and it’s impact on mandatory minimum sentencing and investments in rehabilitation and reentry programs.

“The early results of these efforts have been extremely promising,” said Lynch. “I am not just hopeful, but excited about where these reforms will lead us in the years to come.”

Making the criminal justice system more efficient, more effective and more fair on the federal level will require broader reform efforts bipartisan support in Congress, said Lynch, adding that those efforts have to involve repairing the relationship between young people and law enforcement.

“Ultimately, we need children to see possibilities for themselves beyond the cycle of criminality and incarceration that has too often become a tragic and familiar fact of life,” said Lynch. “America is a land of second chances – but it must also be a land where we give opportunities to young people who haven’t gotten a chance at all.”

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Oakland Post: Week of April 1 – 7, 2026

The printed Weekly Edition of the Oakland Post: Week of April 1 – 7, 2026

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Oakland Post: Week of March 18 – 24, 2026

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Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances. 

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As a college student, managing financial responsibilities can be stressful.

If you’ve found yourself staying up late thinking about your finances or just feeling anxious overall about your financial future, you’re not alone. In one survey, 78% of college students who reported financial stress had negative impacts on their mental health, and 59% considered dropping out. While finances can impact overall stress, taking steps to manage your finances can support your mental, emotional and physical well-being.

When it comes to money, the sources of stress may look different for each student, but identifying the underlying causes and setting goals accordingly may help you feel more confident about your financial future.

Consider these strategies to help improve your financial wellness and reduce stress.

Understand what causes financial stress

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

2. Determine your financial priorities

Start by reflecting on your financial priorities. For students this often includes paying for school or paying off student loans, studying abroad, saving for spring break, building an emergency fund, paying down credit card debt or buying a car. Name the milestones that are most important to you, and plan accordingly.

3. Create a plan and stick to it

While setting actionable goals starts you on the journey to better financial health, it’s essential to craft a plan to follow through. Identifying and committing to a savings plan may give you a greater sense of control over your finances, which may help reduce your stress. Creating and sticking to a budget allows you to better track where your money is going so you may spend less and save more.

4. Pay down debt

Many students have some form of debt and want to make progress toward reducing their debt obligations. One option is the debt avalanche method, which focuses on paying off your debt with the highest interest rate first, then moving on to the debt with the next-highest interest rate. Another is the debt snowball method, which builds momentum by paying off your smallest debt balance, and then working your way up to the largest amounts.

5. Build your financial resilience

Some financial stress may be inevitable, but building financial resilience may allow you to overcome obstacles more easily. The more you learn about managing your money, for instance, the more prepared you’ll feel if the unexpected happens. Growing your emergency savings also may increase resilience since you’ll be more financially prepared to cover unexpected expenses or pay your living expenses.

6. Seek help and support 

Many colleges have resources to help students experiencing financial stress, like financial literacy courses or funds that provide some assistance for students in need. Talk to your admissions counselor or advisor about your concerns, and they can direct you to sources of support. Your school’s counseling center can also be a great resource for mental health assistance if you’re struggling with financial stress.

The bottom line

Financial stress can affect college students’ health and wellbeing, but it doesn’t have to derail your dreams. Setting smart financial goals and developing simple plans to achieve them may help ease your stress. Revisit and adjust your plan as needed to ensure it continues to work for you, and seek additional support on campus as needed to help keep you on track.

 JPMorgan Chase Bank, N.A. Member FDIC

© 2026 JPMorgan Chase & Co.

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