The wealth gap among upper-income families and middle- and lower-income families is sharper than the income gap and is growing more rapidly.
The period from 1983 to 2001 was relatively prosperous for families in all income tiers, but one of rising inequality.
The median wealth of middle-income families increased from $102,000 in 1983 to $144,600 in 2001, a gain of 42%.
The net worth of lower-income families increased from $12,300 in 1983 to $20,600 in 2001, up 67%.
Even so, the gains for both lower- and middle-income families were outdistanced by upper-income families, whose median wealth increased by 85% over the same period, from $344,100 in 1983 to $636,000 in 2001.
The richest families in the U.S. have experienced greater gains in wealth than other families in recent decades, a trend that reinforces the growing concentration of financial resources at the top.
The tilt to the top was most acute in the period from 1998 to 2007.
In that period, the median net worth of the richest 5% of U.S. families increased from $2.5 million to $4.6 million, a gain of 88%.
The wealth gap between upper-income and lower- and middle-income families has grown wider this century.
Upper-income families were the only income tier able to build on their wealth from 2001 to 2016, adding 33% at the median.
On the other hand, middle-income families saw their median net worth shrink by 20% and lower-income families experienced a loss of 45%.
Starting in 2016, upper-income families had 7.4 times as much wealth as middle-income families and 75 times as much wealth as lower-income families.
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In this series, we will be conversing with professionals from different industries, discussing their journey on how they became 'The Professionals You Should Know'.
In today's episode, we will be talking with award-winning Emile Vidal Carr. He will give us an insight into his day to day activities and responsibilities running a clothing company as well as his journey to get to where he is today.
R3 Physiotherapy: Designing for Kanye West - Emile Vidal Carr - Fashion Design Director
"The Complete Poems of Paul Laurence Dunbar: An African American Poet, Novelist and Playwright in the Late 19th Century"
This collection contains the complete poetic works of Paul Laurence Dunbar, who was among the first African Americans to gain wide renown for literature in the United States. A poet of unquestionable skill and ability, Paul Laurence Dunbar was the son of two former slaves. His father, who managed to escape slavery, was an early enlistee who fight for the Union army in the American Civil War - a fact which profoundly influenced his son's outlook upon the U.S. military and life as a citizen of the USA. The poetry of Dunbar shows his flair for observation and superb knack for smooth-flowing yet profound words. Noticing immediately how he could swiftly create and sell poems to popular magazines, the young Dunbar turned down offers for educational support and instead devoted his time and effort to writing. Uniquely, Dunbar would write poets in regional dialects, incorporating slang of both white and black Americans.
The African American Golfer’s Digest, a PGA of America Diverse Supplier and the nation’s leading print publication and online portal for avid Black American golfers.
The African American Golfer’s Digest launched in March 2003 and is headquartered in the Financial District of New York City. It is 100% minority-owned and operated and the first wholly woman-owned golf magazine in America specifically targeting the African American demographic in this capacity.
The 48-page, full color, quarterly enjoys a circulation of 20,000 and reaches 80,000 readers nationwide. Our exciting editorial focuses on news, tips, information, and activities in the ‘soulful’ world of golf, through travel features, destinations reviews, course, equipment, and product news, while capturing our reader’s attention with individual profiles of individuals who play the game of golf on all levels. Our signature designed travel programs include domestic and internationally hosted golf excursions and cruises.
The publication covers the very best of the golf lifestyle within this exciting niche market. Exclusive content showcases some of the most successful, talented and prolific personalities in the game who have devoted their life and passion to this sport brings full circle this ‘soulful’ world of golf: news, tips, course critiques, destination features, book reviews, international travel, fashion and interviews with professional trainers, educators, golf industry business owners, exceptional and ordinary golfers alike, is what sets this publication apart from any other golf magazine.
PGA_Diverse_Supplier_300x200The African American Golfer’s Digest is the essential guide to the very best in the ‘soulful’ world of golf and features unparalleled content with highlights driven across a full spectrum of activities enjoyed by golfers, from celebrity tournaments, national/regional championships, fundraiser outings, exotic golf trips, contests, and healthy living features. The magazine showcases all this with beautiful images, exclusive and insightful content that feature and embody the passion of the African American golfer.
The publication is independently owned and published is available by subscription only. At times several issues may be combined into a single edition. Its massive editorial appeal comes from a ‘grassroots’ approach and partnerships generated with more than 500 golf tournaments and events annually around the country with magazine shipments made by request only.
We engage our loyal readership with our signature travel programs by providing exciting trips around the nation–and around the world– to great golf courses that have included the Dominican Republic, Costa Rica, Augusta GolfFEST (held annually during the excitement of Masters Week in Augusta, GA), Martha’s Vineyard Golf Classic Getaway (annually), Friends & Family Golf Cruise to Alaska, Hawaii, Bermuda, Bahamas, Cuba (annually), Ghana (West Africa) Dubai, Abu Dhabi (United Arab Emirates), the Eastern and Western Caribbean, and other magnificent places.
The publication was selected as a “Top Business” by DiversityBusiness.com (2012-2016) for service. Awarded Best Sports Publishing Company 2017 – New York by Corporate America News (2015-2017)
The African American Golfer’s Digest is a great way to expand your brand and market base to reach a new audience. Our reader’s average annual household income is $150,000 and they participate in golf activities on a regular basis, with the disposable income to do so! Our niche demographic is a strong emerging market for your programs, products, and services.
Promotional, marketing, and advertising opportunities are available in the print edition and online along with customized product sampling at our numerous events, exhibiting at our showcase programs and a variety of business-to-consumer incentives. A consistent social media presence for the publication is at Facebook and Twitter.
The publication is a PGA of America Diverse Supplier and is registered with the National Minority Supplier Development Council with memberships that include the National Minority Business Council, United States Golf Association (USGA), International Association of Golf Tour Operations, National Golf Foundation, International Network of Golf (ING), and Metropolitan Golf Writers Association. To learn more about the publication visit AfricanAmericanGolfersDigest.com
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Cashblack - the UK based platform that rewards you with cashback when you shop online with Black-owned businesses is launching in America on Juneteenth. Get ready to discover hundreds of Black-owned brands from a wide range of categories and make thousands of dollars in cashback rewards when you purchase from them. Launching on June 19th on online and on iOS and Android devices.
That Blaqsbi is shorting down does not mean it's the end of the road for all of us. I think that for the short period of existence, we've all achieved one thing and that is knowing that we black people need to come together cos we are one VERY BIG PURPOSEFUL, RESILIENT AND HAPPY FAMILY: THE BLACK PEOPLE.
