Only 13% of private-sector workers in the U.S. have access to paid family leave when a child is born or a family medical emergency occurs. Even the most disciplined financial habits can't overcome the need to leave the workforce.
On average, black women make $0.62 for every $1.00 paid to white, non-Hispanic men. No matter how many financial blogs they read, women can't ensure financial security for themselves and their families as long as wage discrimination persists.
The majority of poor renting families in the U.S. spend more than 50% of their income on housing costs. The Black-white homeownership gap is 30%, which is larger than it was in 1968, when housing discrimination was legal.
Black lives matter. Yet, the typical white family's net worth is nearly 10x greater than that of a Black family. We must end systemic racism, police brutality, voting rights suppression, and other injustices to build wealth among Black families.
An estimated 5.4 million Americans lost health insurance in the spring of 2020 due to coronavirus-related job cuts. For everyone else, employer-sponsored health care depresses salaries, reduces job mobility, and creates barriers to innovation.
Outstanding student loan debt in the U.S. topped $1.5 trillion in 2018, or 3x the level in 2005. 33% of Latinx borrowers and 50% of Black borrowers default on their loans within 20 years; Black borrowers default at twice the rate of white students.