It’s possible that this could be the latest economic downturn to deepen historic inequities, not address them.
Dr. Stephanie M. Yates explains how today’s wealth gap can be explained by a history of policies that cut Black and Brown people out of the opportunity to accumulate wealth.
If you watched this week’s episode of Money Talks, you know we explored what wealth actually is. (Spoiler alert: wealth and money are not the same thing). If you have a lot of money or a lot of cool expensive stuff, you might be wealthy. But you may just be spending every penny you make. Wealth is a measure of your assets and your liabilities. The Federal Reserve Bank even tracks this data. You can check out the interactive graph here. In determining wealth, the Federal Reserve Bank looks at your assets and your liabilities. Assets are things you have that generate money. Liabilities cost you money. The goal is to have more assets than you do liabilities. Assets include real estate, corporate equities and mutual funds, pension entitlements, private businesses and consumer durable goods. Consumer durable goods are things that don’t wear out quickly, like cars. Liabilities include mortgages and other debt like student loans. The difference in your assets and liabilities is called your “net worth.” If your assets are worth more than the debt you owe, you have positive net worth. If you’re just now understanding that wealth is more about your financial goals than the number [...]
The South is a region where few states have expanded Medicaid, a decision driven in part by the politics of expanding a program tied to the Affordable Care Act, also known as Obamacare.
In an op-ed published on the day of his funeral, Congressman John Lewis offered one final lesson. “Democracy is not a state,” he wrote. “It is an act, and each generation must do its part to help build what we called the Beloved Community, a nation and world society at peace with itself.”
Crowds gathered Tuesday afternoon in parking lots surrounding Huntsville Hospital. Parents and kids, grandparents and teens sat on tailgates and waited for a promised military flyover honoring hospital workers. Few were wearing masks, but none were crowded together, keeping mostly to their cars.
Frank Stitt, co-owner and operator of Highlands Bar & Grill, James Beard Award winner for Best American Restaurant (2018), Bottega, and Chez Fonfon in Birmingham
From how much to save to student loan payments, what young people need to know to survive a recession
As coronavirus leaves more than 20 million Americans unemployed and even more with reduced wages, it seems there are more questions than answers. Do I qualify for unemployment? Will I get a stimulus check? Is now a good time to buy a house or start investing?
John Paul White speaks with Reckon about how COVID-19 is affecting the music business, Muscle Shoals and what John Prine means to him.