The 2026 Social Security Cost of Living Adjustment (COLA) has been delayed due to the federal government shutdown, and many retirees are struggling to make ends meet with the current benefit levels, which are insufficient to cover living expenses in most states.
charlene crowell
Posted inUncategorized
As housing costs go up, HUD proposes 51 percent budget cut
The proposed FY 2026 budget for HUD would eliminate key programs such as the Community Development Block Grants, HOME Investment Partnerships Program, and Fair Housing Initiatives Program, and reduce HUD staffing, while giving states block grants to create their own versions of affordable housing programs.
Posted inEducation
FY 2026 Budget Plan cuts and guts Education dollars and programs
The Trump Administration\’s budget plan proposes a 15.3% cut to education funding, including programs that support student parents and the Federal Work Study program, in an effort to reduce the federal education workforce by 46%.
Posted inEducation
Student Loan Debt drops $10 Billion due to Biden Administration Forgiveness
The Biden Administration has proposed new regulations that would benefit over 30 million borrowers, including those with unsustainable debt from higher education, and could potentially deliver relief to roughly 6 million Black borrowers, 4 million Hispanic or Latino borrowers, and 13.5 million white borrowers.
Posted inCommentary, Opinion
Black America deserves its fair share of the American Dream: Affordable rentals shrinking, growing mortgage denials block homeownership
Despite unprecedented federal housing assistance during the pandemic, a report by Harvard’s Joint Center for Housing Studies (JCHS) finds stark racial and income divides in its analysis of the nation’s rental market. Nearly a quarter of Black renters were behind on rent in the third quarter of 2021, as well as 19% of Hispanic renters. By contrast, the share of white renters in arrears was half that: 9%.
Posted in#NNPA BlackPress, Featured, Homeownership, National, News, NNPA, NNPA Newswire, Politics, Ray Curry
2021 Fair Housing: Restoring HUD Rules and Revenues
NNPA NEWSWIRE – “By guaranteeing affordable mortgages for White families and excluding Black families or limiting Black families to purchase in less economically advantageous neighborhoods, the government created, encouraged, and reinforced intense residential racial segregation throughout the nation,” said Richard Rothstein, NAACP Legal Defense and Educational Fund, Inc.’s Senior Fellow Emeritus. “White flight,” or the creation of White suburbs, was also undergirded by massive federal investments in the construction of the interstate highway system. The federal government often took possession of homes and land in Black communities by claiming eminent domain in order to construct highways as physical barriers between White neighborhoods and areas with a large presence of African Americans or communities of color.”
Posted in#NNPA BlackPress, Community, Economy, Featured, Financial Management, National, News, NNPA, Politics, racism
A year of COVID-19 brought record consumer debt and collection complaints
NNPA NEWSWIRE – “Systemic racism has fostered a debt collection landscape in which people of color are more likely to be contacted by collectors and more likely to be impacted by lawsuits resulting in wage garnishment and bank levies,” states CRL. “State laws differ in terms of how much money is “protected,” or is unable to be seized by a debt collector, to leave money for a family’s basic needs. Federal protection is urgently needed.”
