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Tuesday 12 December 2017
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Black Wealth 2020: New Economic Justice Movement Aims to ‘Turbo Charge’ Black Wealth in America

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By Hazel Trice Edney –

 

predatory lenders(TriceEdneyWire.com) – According to the following statistics, the economic condition of America’s Black community is in dire straits:

  • A recent study by Harvard University found that homeownership in the Black community stands at only 42.2 percent in the nation’s largest metro areas. That’s below the Latino-American community, which is at 46 percent and well below the White-American community, which is at 72 percent.
  • In addition, the mortgage denial rate for Blacks is more than 25 percent, near 20 percent for Latinos but just over 10 percent for White applicants, according to the Center for Enterprise Development.

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