The Black Elite: A Look Inside Black America’s Widening Wealth Gap

Wealthiest blacks distinguishing themselves from all others by Stacey Tisdale    Posted: March 8, 2016 As high earning black households make income gains faster than other groups, it’s interesting to note the wealth dynamics taking place within the black community and the widening wealth gap between the ‘black elite,’ and other African Americans. [Related: Why Women Should Save Money Differently Than Men] A study by Credit Suisse Research, and The Heller School for Social Policy and Management at Brandeis University found that: The top 10% of African Americans accounted for 67% of wealth held…

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Nielsen’s Cheryl Pearson-McNeil reveals how Black American consumers impact media

The power of Black American consumers can no longer be ignored. During the 45th Congressional Black Caucus, Nielsen released the report Increasingly Affluent, Educated and Diverse: African-American Consumers — the Untold Story, which details how Black households consume and influence media. Neilsen’s Cheryl Pearson-McNeil recently shared how the report debunked stereotypes and revealed the role diversity will play in the future. The report Increasingly Affluent, Educated and Diverse: African-American Consumers — the Untold Story is a very empowering tool that provides intellectual capital for the African-American community. What will be the overall impact of this…

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The top 20 cities for Black entrepreneurs to start a business

With over 900 employees, Radio One has grown to be the largest African-American owned broadcasting company in the country. Planted right in the heart of Silver Springs, Maryland, the bustling business is surrounded by the highest percentage of Black millionaires and successful African-American neighborhoods. As entrepreneurship continues to rise, cities such as the D.C.-Maryland-Virginia metropolitan area have become great places to cultivate new ideas and companies. Owning about 1.9M businesses in the U.S. today, Black companies have increased by over 60% since 2002. According to the personal finance website, NerdWallet, there are certain…

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Nielsen African American consumer report: Increasingly affluent, educated and diverse

The recent Nielsen report provides an untold look at African-American consumers, who are increasing in affluence, education, digital connectivity, and surprisingly, diversity by way of immigration. This year’s report examines trends in content consumption, purchasing power, social engagement, population shifts and several other new perspectives based on collective areas of press interest. Key findings include: Spending money and time  – Each week, compared to all Americans, African-American adults spend more time watching TV, on PCs, on smartphones,  AND listening to radio! African-Americans earning $100,000+ watched NBA games and shows like “Empire,”…

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