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Wednesday, May 15, 2024

Average Credit Card Debt Increased 10% To $6,501 In 2023

As of the third quarter (Q3) of 2023, consumers collectively owed more than $1 trillion on their credit cards.

Studies Show Black Women Struggle In Transition To Retirement

Retirement is what the majority of Americans look forward to after spending decades in the workforce. It comes with financial independence and newfound freedom.  However, Black women are not as supported as their white counterparts in retirement.

Buyer Beware: Unregulated ‘Buy Now, Pay Later’ Loans Can Lead To Greater Debt And...

America's debt addiction takes on a new twist—thanks to opaque, unregulated "buy now, pay later" loans that have swept retail in the past few years.

Electric Trucks Will Be A Boon For Black Communities

Freeways, ports, and other industrial areas are often seen on the horizon — or closer, in some instances — in Black communities. Living in close quarters to, say, factories or petrochemical plants or other fixed sources of pollution is hugely detrimental to public health in such neighborhoods.

What’s Behind Gavin Newsom’s U-Turn On Worker Heat Protections?

What’s behind Gavin Newsom’s u-turn on worker heat protections? Hint: It would cost billions of dollars to bring California’s prisons into compliance.

What Trends Are Showing About The Types Of Startups Getting Funding

What kinds of startups are trending? When inflation surged toward the end of the COVID-19 pandemic, central banks responded by raising interest rates, which caused companies to slash their investments.

4-Day Workweeks May Be Around The Corner. A Third Of America’s Companies Are Exploring...

Burnout is such a problem for workers that some bosses are considering shrinking the length of the workweek. Nearly one-third (30%) of large US companies are exploring new work schedule shifts such as four-day or four-and-a-half-day workweeks, according to a KPMG survey of CEOs released this week.

To Bridge Racial Wealth Gap Americans Willing To Pay More

A new study identified Black-owned businesses and found Americans are willing to pay more to close the racial wealth gap.

AI Is Threatening Americans’ Jobs. Could Guaranteed Income Provide A Safety Net?

Global policymakers and business leaders are now increasingly warning that the rise of artificial intelligence will likely have profound impacts on the labor market and could put millions of people out of work in the years ahead (while also creating new and different jobs in the process).

TikTok Is In The Hot Seat Once Again In Washington

TikTok is again facing an imminent threat from Congress. On Wednesday, House Republicans added a hot-button bill that could lead to a nationwide TikTok ban to a wide-ranging foreign aid package intended to help Israel and Ukraine.

Must Read

VOICES Heard: New Cancer Study Will Center Black Women

In a groundbreaking study, the American Cancer Society will investigate the link between breast cancer and race by exclusively tracking Black women.