As part of an effort to reshape rules around debt and lending to reduce racial wealth inequality, we propose establishing a public credit registry to gradually replace the current for-profit credit reporting system.
Women of color are generally underrepresented as campaign donors even though they vote at high rates, according to research by progressive think tank Demos.
Removing unnecessary hurdles to small donor participation will help fix a system that currently prioritizes wealthy, white, male donors over communities of color and working-class people.
“These are folks who are serving [and] preparing food for all of the rest of us. It's a recipe for contagion when...the people preparing your food cannot afford to stay home when they have a contagious disease.”
Twelve years after starting college, white men have paid off 44% of their student loan balances on average, while black men saw their balances grow by 11%, according to an analysis from Demos.
Twelve years after starting college, the white female borrower has paid off 72% of her loan balance. Over the same time period, the typical Black female borrower's balance has grown by 13%.
Taifa Smith Butler, joins News NOW on Black Women’s Equal Pay Day to discuss why Black women in America have to work 579 days to earn what a white man does in one year and how companies can work to combat this pay disparity and inequality.
"Although credit scores never formally take race into account, they draw on data about personal borrowing and payment history that is shaped by generations of discriminatory public policies and corporate practices that limit access to wealth for Black and Latinx families."
Angela joins Moms Rising CEO Kristin Rowe-Finkbeiner to talk worker power and a new generation of unions, and why a multiracial democracy is essential for a thriving economy.