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Study: African Americans Poorer Today Than Five Years Ago

NNPA NEWSWIRE — “I don’t want to get political here, but I would hope that this report would color how people view the approaches that the parties and candidates take toward legislative and social issues, and how those things are framed,” Lending Tree Lead Researcher Kali McFadden told NNPA Newswire.

Published

7 years ago

March 7, 2020

Oakland Post

A comprehensive study did reveal places where African Americans are faring well. (Photo: iStockphoto / NNPA)

By Stacy M. Brown, NNPA Newswire Senior Correspondent
@StacyBrownMedia

African Americans were more likely to be unemployed than Americans overall in 2018 than they were in 2013, according to a new study that details the economic and financial progress African Americans have made over five years.

Researchers at Lending Tree, the popular website that connects borrowers with lenders, found that while unemployment decreased for African Americans by 36 percent – from 16.6 percent in 2013 to 10.6 percent in 2018 — it was still five percentage points higher than the unemployment rate for Americans as a whole.

The unemployment rate for Americans overall in 2013 was 9.7 percent, which fell to 5.9 percent in 2018.

“I don’t want to get political here, but I would hope that this report would color how people view the approaches that the parties and candidates take toward legislative and social issues, and how those things are framed,” Lending Tree Lead Researcher Kali McFadden told NNPA Newswire.

“It certainly demonstrates that, even though people talk about how much better economically things are, African Americans are more in the hole than they were five years ago.”

Among other key findings, the median household income for African Americans grew by 13.4 percent, roughly the same rate of 13.7 percent for Americans as a whole. But, it remains 33 percent below the national average.

The study revealed that the median household income for Blacks in 2018 was $40,155 — more than $20,000 less than the $60,293 median household income for Americans as a whole.

The median individual earnings for African American workers — which were already 16 percent lower than the median personal earnings for American workers as a whole — grew by 7.1 percent, compared with 9.5 percent for workers as a whole.

That means that the earnings gap between African Americans and Americans as a whole increased by 11.2 percent between 2013 and 2018.

And, although household income increased, the income gap between Black Americans and Americans as a whole remained steady at 33 percent. In comparison, the wage gap between Blacks and Americans as a whole increased 11 percent from 2013 to 2018.

While homeownership rates fell for Americans overall between 2013 and 2018, Blacks saw a more significant drop of 4.7 percent, compared with 1.7 percent for Americans as a whole.

Study authors concluded that there are four metro areas in which Black homeowners have closed the gap within 20 percent – all of them are in the South, specifically in the Carolinas.

Minnesota, Minn., has the most substantial gap, at 64 percent.

What McFadden said she found most striking is the advances made in education by African Americans, which didn’t translate into more economic prosperity in the Black community.

“In almost every metric we examined, African Americans realized slower growth than the country as a whole, but they did outpace their peers when it comes to higher education,” McFadden noted.

The study revealed that African Americans are closing the higher education gap as the percentage of Black people with a bachelor’s degree rose from 18.6 percent in 2013 to 21.1 percent in 2018 – an increase of 13.5 percent.

The increase for Americans as a whole was just 9.4 percent – from 28.8 percent in 2013 to 31.5 percent in 2018, Lending Tree researchers found.

Black residents of Riverside, Calif., Pine Bluff, Ark. and San Antonio have closed the gap with the whole of their communities when it comes to earning higher education degrees.

Residents of Charlottesville, Va. have seen that gap widen the most: 66 percent.

“The education findings to me really were the most striking, the most disheartening and frightening,” McFadden lamented.

“You know, we’d really hope that education would create a more even playing field and the fact that African Americans are exceeding the growth rate in higher education degrees shows a lot of things. It shows achievement, and it shows that families are directing their children, and it shows a lot of groundswell for entering the professional working world.”

She continued:

“The fact that other economic indicators aren’t keeping pace with that is really startling. And, I don’t have a good reason for why that is. We know about workplace bias, and we know about resume bias.”

McFadden opined that student loans are more of a hindrance to African Americans than others. “If you’re less likely to come from a family that has the kind of wealth that can help support your schooling, it’s obviously going to be a problem in terms of accumulating debt,” she stated.

For those attending historically black colleges and universities (HBCUs), McFadden believes the lack of funding at those schools contributes to high student debt.

“HBCUs just don’t have the endowments that the most prestigious schools have. We have reports that show where parents are borrowing to send their kids to school, and those debts are harder to pay,” McFadden added.

The comprehensive study did reveal places where African Americans are faring well.

Researchers found that the Cape Coral-Ft. Myers, Fla., metro area is leading the country in economic advancement for African Americans. The population has grown by 17 percent, median household income is up by 26 percent, and individual earnings are up by 22 percent.

Homeownership is up by 50 percent in Cape Coral-Ft. Myers, and unemployment is down by 66 percent.

Also, 25 percent more Black residents in the Cape Coral-Ft. Myers area is attaining higher education degrees than they were in 2013.

Grand Rapids, Mich., and Minneapolis-St. Paul, Minn., came in second and third place, respectively. The five locations with the least overall gains for African Americans are all in the South – Houma-Thibodaux, La., Shreveport-Bossier City, La., Hammond, La., Goldsboro, N.C., and Hilton Head Island-Beaufort, S.C.

When asked what’s the biggest takeaway from the study, McFadden called most of the details “depressing for African Americans.”

Click here to view the full report.

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NFL: Week Two Recap | Jalen Hurts did not fold; Caleb Williams exits game with injury

Philadelphia Eagles quarterback Jalen Hurts found Darius Cooper with nine seconds left for the game winning touchdown as his team beat the Tennessee Titans 24-20 in Nashville. Hurts finished the day 26/37 for 264 yards. He threw for two touchdowns and two interceptions. Prior to the final drive, the Eagles ran 25 plays for 45 […]
The post NFL: Week Two Recap | Jalen Hurts did not fold; Caleb Williams exits game with injury appeared first on BlackPressUSA.

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Oakland Post

Prior to the final drive, the Eagles ran 25 plays for 45 yards. During the final drive Hurts went 6-8 with 61 passing yards and the touchdown. Titans defensive tackle — and team captain — Jeffery Simmons said this week that the way to defend Jalen Hurts is to make him “play quarterback.”

Hurts said to Simmons after today’s game: “You started that sh**. I had to finish it.”

Running back Saquon Barkley suffered a stinger in the first half but he ultimately finished the game. He had four carries and nine yards and one catch for eleven yards. He will get an MRI for his injury, but admitted to Cameron Wolfe of the NFL Network he was fine.

Caleb Williams leaves game against Vikings with apparent lower-body injury

Chicago Bears quarterback Caleb Williams was helped off the field with a right leg injury with 7:42 remaining in the fourth quarter. Williams was down, writhing in pain after scrambling to his left. After departing the injury tent, Williams raised his right fist, acknowledging the crowd while expressing his frustration. Testing will commence on Monday to find out more details about his injury.

“We’ll know tomorrow,” Johnson admitted regarding Williams’ injury. “He’s in good spirits. He’s a team player.”

Williams finished the day with 138 passing yards and one interception.

“I’m actually happy it’s nothing with the knee — that was my first inclination,” Johnson said. “But, a hamstring could be pretty damaging as well. So, we’ll see. We’ll see how bad it is tomorrow and we’ll go from there.”

Bryce Young once again dominated the Falcons

Carolina Panthers quarterback Bryce Young is 5-1 against the Atlanta Falcons and is undefeated at Mercedes-Benz Stadium. Today, Young threw for 287 yards and three touchdowns as he led the Panthers to a 34-3 dismembering of the Atlanta Falcons. Georgia Tech alumnus Darren Waller caught two touchdowns and linebacker Devin Lloyd returned one of his two interceptions for a touchdown.

Cooper Rush started his second straight game for the Falcons and it did not go well. The partisan crowd voiced their displeasure after Rush completed 10/17 passes for 86 yards and two interceptions. Jack Strand entered the game for Rush prompting cheers from the Falcons fans. The rookie threw a pick-six on his first career pass attempt. Strand was the first QB to accomplish that feat since Sam Darnold in 2018 and is the first Falcons player to do that since Brett Favre in 1991. Strand finished the day with 59 passing yards and 16 rushing yards.

According to reports, quarterback Michael Penix, Jr. is expected to make his season debut this Thursday at the Green Bay Packers. His return should help the Falcons. They are the first team since the 2008 Rams to not run any plays in the red zone after the first two games to open a season.

The bright spots for the Falcons today were the Spelman College Jaguarettes performing with the Falcons cheerleaders and Florida A&M’s marching band, The Marching 100, also performed during halftime!

Jayden Daniels gets carted off after apparent arm injury

Washington Commanders quarterback Jayden Daniels appeared to injure his left elbow on the final play of the first half in his game against the Dallas Cowboys. During the play, Daniels got stepped on, braced himself for the fall, and his elbow bent the wrong way. Daniels draped a towel over his head as he exited the field on the cart.

He was later ruled out.

Daniels suffered a dislocated elbow to the same arm during week nine of last season against the Washington Commanders, which led to him being shut down for the remainder of the season.

The post NFL: Week Two Recap | Jalen Hurts did not fold; Caleb Williams exits game with injury appeared first on BlackPressUSA.

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The post The Complete Negotiation Framework — Every Stage, Every Tactic, Every Win appeared first on BlackPressUSA.

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Negotiation framework stages, tactics, and winning strategies from AutoNetwork

Roosevelt Gist and Roosevelt deliver the complete vehicle-purchase negotiation framework in Episode 8 of The Color of Our Money Is Green. This episode covers the three foundations of every effective negotiation, the full seven-stage negotiation sequence with exact language for every stage, and five of the most common dealership tactics with the specific response each one requires.
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The three foundations that make every negotiation tactic work
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Exact language for every stage of the dealership conversation
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Why signing preliminary paperwork isn’t the same as signing the final contract
___________________________________________________________________
“The Color of Our Money Is Green: A Buyer’s Guide to What Cars Actually Cost” — stan.store/RGist
____________________________________________________________________
AutoNetwork helps serious car shoppers inspect any new vehicle online before walking into a dealership. I’m Roosevelt — I’ve been reviewing cars and shaping digital car buying and credit union auto leasing since before YouTube car reviews existed.
You’ll find detailed walkaround reviews, POV test drives, and buyer-focused breakdowns covering comfort, space, features, and real-world value.

How to use the channel:
Watch the walkaround of the car you’re considering
Visit AutoNetwork.com for the full review
Check CouponsOffersAndDeals.com for current dealer specials
Walk in already knowing what you want — and what it should cost

AutoNetwork.com
CouponsOffersAndDeals.com
Affiliate disclosure: some links earn a small commission at no cost to you and help support the channel. Insta360 is one of those partners.

The post The Complete Negotiation Framework — Every Stage, Every Tactic, Every Win appeared first on BlackPressUSA.

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The post Mazda CX-90 Luxury: Heated Seats & Premium Comfort! #shorts appeared first on BlackPressUSA.

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