Posted inCommentary, Politics

OP-ED: Pursuing Martin Luther King Jr.’s beloved community

According to Dr. King, the creation of a beloved community would require the American people to address three great evils of society: racism, poverty, and militarism. My friend and former colleague, the late John R. Lewis, arguably Dr. King’s most ardent disciple, often invoked the concept to buttress his calls for a “just society.” John was committed to the pursuit, but I always wondered if such were possible until recently.

Posted inCommentary

OP-ED: Relieving the burden of student loan debt

Over 50% of Black borrowers report their net worth is less than they owe in student loan debt. Also, Black students are more likely to borrow, and borrow larger amounts, relative to other racial or ethnic subgroups. Black college graduates owe an average $25,000 more in student loan debt than white college graduates. Four years after graduation, 48% of Black borrowers owe an average of 12.5% more than they borrowed.

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.”

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