Lee: We must close the racial wealth divide

The U.S. Census Bureau recently reported new data showing median incomes rising sharply in the San Francisco area. While many in the Bay Area latched onto the promising economic outlook, I was immediately struck by the glaring headline that was missed. Black households, already far below the average median income in the Bay Area, were […]

To fix income inequality, we need more than UBI—we need Universal Basic Assets

Open a newspaper—or, more likely, click on a Facebook article on your phone—and there will be a story telling you that income inequality is at the root of America’s problems: 0.1% of the US population is worth almost as much as the bottom 90%; CEO-to-worker pay ratios have increased thousand-fold since 1950; and wages have been stagnating for 35 years. But […]

Effective Estate Tax Down in 2016 Returns, Spousal Bequests Up

The effective estate tax rate for returns filed in 2016 decreased by 2 percentage points from the previous year, in part because of a bump in bequests to surviving spouses, IRS data shows. Based on returns filed in 2016, 5,219 estates with a gross value of about $107.8 billion owed estate tax, according to Internal Revenue […]

Franchising Can Deepen Opportunities in Black Cities

Good news just in from the U.S. Census Bureau – minority incomes are up. In fact, African-American and Hispanic households saw more than double the median income growth of their white counterparts from 2015 through 2016, according to a newly released report on income and poverty.1 The country’s leadership got some important things right for under-served areas […]

In Discussing the “Middle Class,” Don’t Forget the Racial Wealth Divide

Janine Jackson: The lead of the Washington Post story reads: The incomes of middle-class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade. The piece ends with a source’s comment that this is “unambiguously good news.” […]

The Racial Wealth Divide in Trump’s America

The Racial Wealth Divide in Trump’s America

When it comes to wealth in the Black and Latino communities, they are significantly lagging behind their White counterparts. Will the President step up to help or continue to let them suffer?

How the NFL was sparked to social transformation

Having spent 50-plus years working to use the power of sports to bring about positive social change, I found Sunday to be the most important sports day since Muhammad Ali declared he would not fight in the Vietnam War. It evoked memories of Tommie Smith and John Carlos protesting at the 1968 Mexico City Olympics […]