wealth gap
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10 Things You Should Buy With Your COVID Check
Late yesterday evening, Congress passed a wide-ranging relief bill that will send $600 to every taxpayer making less than $75,000. I haven’t done the math but, that probably only leaves out Bill Gates, Oprah and maybe Beyoncé. Thankfully, the kind folks in the federal legislature have graciously doled out enough money to sustain unemployed broke-asses…
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Cash, Cropped: Bank Fees Hit Black and Latinx Customers the Hardest, According to New Poll
Black and Latinx people pay more than white people when it comes to banking fees, according to a new report released Wednesday. The survey results (h/t USA Today) come from financial services website Bankrate.com, which asked 2,634 adults how much they spend per month on routine financial service charges, like ATM fees and overdraft penalties.…
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Is Racism the Reason Why HBCUs Have to Pay More for Loans Than Other Schools?
If you want to see how systemic—and endemic—racism in the U.S., follow the money. You’d see the racial wealth gap—a phenomenon that has only gotten worse, even as unemployment rates for black Americans dip. You’ll see predatory loans, which disproportionately affect people of color (and which helped fuel the housing crisis). You’ll also see that…