Money

The median wealth of Black Americans will plummet to zero by 2053, if things remain as they currently are. You read that correctly. Black Enterprise magazine reports that according to the Prosperity Now and the Institute for Policy Studies’ The Road to Zero Wealth report, it doesn’t matter how fat your...
By: Maiysha Kai Money is green, but when it comes to leveraging the power of our dollars to best benefit the community, many of us feel it best to buy black whenever possible. With that in mind, The Glow Up is here to remind you that it’s once again National...
Substantial work had already been done revising the $20 bill with an image of Harriet Tubman before a six-year delay was announced by the Trump administration, citing security and technical concerns. A mock-up of the bill, obtained by The New York Times on Friday, shows the fearless freedom fighter. The...
NEW YORK (BUSINESS WIRE) – On Friday, Chase and ESSENCE announced the launch of Currency Conversations, a new campaign created to help black women across America achieve financial success. This campaign, which is an early example of Chase’s recently-announced Advancing Black Pathways commitment, will foster local communities of black...
TSD Newsroom In her first book – “Twenty Something” – Carlissa A. Shaw Esq. focuses on advice for young women entering adulthood. The Memphis-based lawyer discusses things she wishes she would have known, including walking away from toxic relationships and financial literacy. The “Twenty Something” book release is set for Dec....
According to a recent study by the Financial Industry Regulation Authority (FINRA), two-thirds of Americans cannot pass a financial literacy test. Such tasks as devising a budget, computing interest on a loan, maintaining a savings account, understanding how investments and the stock market work, balancing a checking account each month,...
On January 22, 2008, then-President George W. Bush signed Executive Order 13455, creating the 16-member President’s Advisory Council on Financial Literacy. The council members represented a diversity of organizations, including corporations, non-profits, faith-based groups, state government agencies, regulatory authorities and academic institutions. The council adopted the Financial Literacy and Education...
First Tennessee Bank, a member of the First Horizon National Corp. (NYSE:FHN) family of companies, announced this week that Executive VP, Director of Affinity Strategy, Lynne Walker won Gold in the Female Executive of the Year Award (employees 2500+) Consumer Services category and Silver in the Female Executive of...
By SARAH SKIDMORE SELL, AP Personal Finance Writer Let the race for financial aid begin. The Free Application for Federal Student Aid, or FAFSA, becomes available Monday. It's widely considered the most important document in securing money for higher education. Current and prospective students must fill it out annually to get loans, grants...
by Williams D. Brack, Special to The New Tri-State Defender Some refuse to acknowledge past injustices as a direct cause of the current state of African-American wealth and business community. With those people particularly in mind, let’s examine the grocery business. In the early 1900s, Malone & Hyde, a wholesale food...