Ariel Investment Study Finds Blacks Harder Hit By Recession But Are More Hopeful Than Whites
February 28, 2011 by Mikki · Leave a Comment
Since 1998, Ariel Investments surveys higher income Blacks and Whites regarding their saving and investment strategies. According to Ariel Investments, the purpose of the surveys is the following: • Identify similarities and differences between middle-class African-Americans and Whites with regard to saving and investing. • Examine the factors, particularly past influences and underlying beliefs that may impact how African-Americans and … Read More
Cuts to the Social Security COLA could harm single-senior African American women
July 15, 2011 by Mikki · Leave a Comment
In the article from the Huffington Post author Daniel Marans states that cuts to the Social Security COLA (Cost of Living Adjustment) could increase the number of single African-American seniors in poverty. The current Social Security COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The problem with the CPI-W is that it does not account for substitution across different categories. For example, if the price of … Read More
Cuts to the Social Security COLA could harm single-senior African American women
In the article from the Huffington Post author Daniel Marans states that cuts to the Social Security COLA (Cost of Living Adjustment) could increase the number of single African-American seniors in poverty. The current Social Security COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The problem with [...]
Ariel Investment Study Finds Blacks Harder Hit By Recession But Are More Hopeful Than Whites
Since 1998, Ariel Investments surveys higher income Blacks and Whites regarding their saving and investment strategies. According to Ariel Investments, the purpose of the surveys is the following: • Identify similarities and differences between middle-class African-Americans and Whites with regard to saving and investing. • Examine the factors, particularly past influences and underlying beliefs that [...]
Home Mortgage Disclosure Act (HMDA) Data Useful for Analyzing Lending Practices
A presentation by the ERS Group discusses data from the Home Mortgage Disclosure Act (HMDA). The author notes that the HMDA data is the only dataset that allows lenders to analyze loan level information by race. In addition to a description of the HMDA Data, the author notes limitations to the data and discuses what [...]
Social Security: A Key Retirement Income Source for Minorities by AARP
An AARP report shows that African-Americans depend more heavily on Social Security than Whites. In 2008, 12.3% of whites depended on Social Security for 100% of family (retirement) income compared to 23.9% for Blacks. Thus, for almost a quarter of African-American families, Social Security was the sole source of retirement income. White families tend to depend [...]
Featured Wealth
Ariel Investment Study Finds Blacks Harder Hit By Recession But Are More Hopeful Than Whites
Since 1998, Ariel Investments surveys higher income Blacks and Whites regarding their saving and investment strategies. According to Ariel Investments, the purpose of the surveys is the following: • Identify similarities and differences between middle-class African-Americans and Whites with regard to saving and investing. • Examine the factors, particularly past influences and underlying beliefs that [...]
Home Mortgage Disclosure Act (HMDA) Data Useful for Analyzing Lending Practices
A presentation by the ERS Group discusses data from the Home Mortgage Disclosure Act (HMDA). The author notes that the HMDA data is the only dataset that allows lenders to analyze loan level information by race. In addition to a description of the HMDA Data, the author notes limitations to the data and discuses what [...]
Featured Retirement
Cuts to the Social Security COLA could harm single-senior African American women
In the article from the Huffington Post author Daniel Marans states that cuts to the Social Security COLA (Cost of Living Adjustment) could increase the number of single African-American seniors in poverty. The current Social Security COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The problem with [...]
Social Security: A Key Retirement Income Source for Minorities by AARP
An AARP report shows that African-Americans depend more heavily on Social Security than Whites. In 2008, 12.3% of whites depended on Social Security for 100% of family (retirement) income compared to 23.9% for Blacks. Thus, for almost a quarter of African-American families, Social Security was the sole source of retirement income. White families tend to depend [...]