by AroundHarlem.com on March 10, 2010
Women of all races bring home less income and own fewer assets, on average, than men of the same race, but for single black women the disparities are so overwhelmingly great that even in their prime working years their median wealth amounts to only $5.
In a groundbreaking report released Monday by a leading economic research group, social scientists turned a spotlight on the grave financial challenges facing an often overlooked group of women, many of whom could not take an unpaid sick day or repair a major appliance without going into debt.
Full Article —> Study finds median wealth for single black women at $5.
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I’m not surprised by this study at all. Even before the recession hit many single Black women that I know were barely making it paycheck to paycheck. Between rent, student loans, helping family members and other basic necessities, saying money was tight would be an understatement.
After the recession hit there have been reductions in hours and layoffs while prices seem to have gone up. People are getting evicted and some are even moving in with family members just to get by.
Also, the study say median. On paper, I know many who have a negative net worth. Sad but true.
Is this study also true for women in Harlem? Ladies, how do you stand financially?
by AroundHarlem.com on March 9, 2010
Award-winning broadcast journalist Ed Gordon will make his return to BET Networks’ news division. Gordon, a well seasoned anchor, reporter, interviewer, radio host and Emmy Award-winning broadcaster will join the network for a variety of news programs and specials. Gordon’s return bolsters the news division’s roaster which includes correspondents Jeff Johnson, Andre Showell and April Woodard.
Gordon first joined BET in 1988 and helped distinguish the channel’s place among top television news divisions. During his tenure with BET News, Gordon became a significant force in television news reporting and interviewed an impressive and diverse slate of people including important world figures such as Nelson Mandela, Oprah Winfrey, President Bill Clinton, Academy Award winners Jamie Foxx and Halle Berry, as well as Nation of Islam leader Minister Louis Farrakhan, the late Michael Jackson and R&B artist R. Kelly.
“As BET celebrates its 30th anniversary, it brings me great joy to welcome back one of America’s most prominent news personalities,” said chairman and CEO, Debra Lee. “Ed has always remained part of the BET family and I am sure viewers will share in our excitement to have him back.”
“I am excited about coming back to BET,” said Ed Gordon. “Since my departure (from BET) viewers have told me consistently that they wanted me to return to the network. Well here I am! I am elated about the plans we have to serve the viewers and cover our community and the world.”
Known for his stellar interaction with newsmakers from the worlds of politics, entertainment, and sports, his name is synonymous with the “big” interview. Ed Gordon’s knack for landing exclusives and his no-nonsense style makes him one of television’s most respected journalists. In addition to his work at BET Networks, Gordon has held impressive positions with major news organizations including contributing correspondent for the CBS news magazine 60 Minutes II and contributor for NBC’s Today Show and Dateline. He also hosted News and Notes with Ed Gordon on National Public Radio and Our World with Black Enterprise, a weekly news program. Gordon is also president of Ed Gordon Media, a multi-service production company. The Detroit native earned his bachelor’s degree in communications and political science from Western Michigan University.
