Tag Archives: financial

Algorithmic Biases & Economic Inequality – by Pearl Kasirye

America has a long history of racial segregation and systemic racism that made it difficult for ethnic minorities to achieve financial and economic stability. Well-researched academic studies have found that “even after decades of growing diversity…most Americans still live in racially segregated neighborhoods.”

A study conducted by the University of Minnesota found that 64% of the urban city population are people of color while only 34% are white. Take a look at the graph below:

Equity

 

 

This data shows that in the 1950s, the suburbs were populated by a majority of white people (94%), and in 2018, they are still the majority (59%). While the cities have become even more populated by people of color in 2018 than in 1950.
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Educating Tomorrow’s Spenders – by Dr. Beth Lynne

Advisor Beth Lynne
Beth Lynne

College loans, credit cards, mortgages—they all add up to a lack of disposable income, and worse yet, with the possible social security shortfall predicted by the year 2034, no extra funds to put away for retirement, so today’s high school students run the risk of not having enough money to live on through their golden years. Even worse, they may find it difficult to support themselves and their eventual families. It is difficult to predict what will happen to our economy, but if today’s high school graduates learn to arm themselves financially, they can live a comfortable life with a soft monetary cushion.

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