05-20-2018  4:52 am      •     
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NEWS BRIEFS

Raina Croff to Speak at Architectural Heritage Center

'When the Landmarks are Gone: Older African Americans, Place, and Change in N/NE Portland’ describes SHARP Walking Program ...

Portland Playhouse Presents August Wilson’s ‘Fences’ Through June 10

May 20 performance will include discussion on mental health; June 10 performance will be followed by discussion of fatherhood ...

Peggy Houston-Shivers Presents Benefit Concert for Allen Temple CME

Concert to take place May 20 at Maranatha Church ...

Family Friendly Talent Show, May 18

Family Fun Night series continues at Matt Dishman Community Center ...

Oregon State study says it's OK to eat placenta after all

PORTLAND, Ore. (AP) — First experts said eggs are bad for you, then they say it's OK to eat them. Is red wine good for your heart or will it give you breast cancer?Should you eat your placenta?Conflicting research about diets is nothing new, but applying the question to whether new mothers...

US arrest, raids in Seattle pot probe with China ties

SEATTLE (AP) — U.S. authorities have arrested a Seattle woman, conducted raids and seized thousands of marijuana plants in an investigation into what they say is an international black market marijuana operation financed by Chinese money, a newspaper reported Saturday.Authorities are still...

State sees need to reduce elk damage in the Skagit Valley

MOUNT VERNON, Wash. (AP) — Elk are easy to spot against the green backdrop of the Skagit Valley, where much of the resident North Cascades elk herd that has grown to an estimated 1,600 is found.For farmers in the area — especially those who grow grass for their cattle or to sell to...

Famed mini sub's control room to become future exhibit

BREMERTON, Wash. (AP) — The U.S. Naval Undersea Museum at Keyport has a new addition to its archives — the salvaged control room of the legendary, one-of-a-kind Cold War-era miniature submersible NR-1.Adm. Hyman G. Rickover, the father of the nuclear Navy, conceived the idea for the...

OPINION

Golfing While Black Is Not a Crime

Grandview Golf Club asks five Black women to leave for golfing too slow ...

Discovering the Best of Black America in 2018

Dr. Benjamin F. Chavis discusses the DTU Journalism Fellowship & Scholarship Program ...

Will Israel’s Likud Party Ever Respect the Rights of Palestinians?

Bill Fletcher weighs in on the precarious future of the two-state solution between the Israeli government and the Palestinian people ...

The Future of Medicinal Marijuana in Pets

Dr. Jasmine Streeter says CBD-derived products show beneficial therapeutic benefits for pets ...

AFRICAN AMERICANS IN THE NEWS

Guess who's coming to Windsor? Royal ceremony weds cultures

BURLINGTON, New Jersey (AP) — With a gospel choir, black cellist and bishop, Oprah, Serena and Idris Elba in the audience and an African-American mother-of-the-bride, Saturday's wedding of Prince Harry to American actress Meghan Markle was a blend of the solemn and the soulful.Guess who's...

A royal wedding bridges the Atlantic and breaks old molds

WINDSOR, England (AP) — The son of British royalty and the daughter of middle-class Americans wed Saturday in a service that reflected Prince Harry's royal heritage, Meghan Markle's biracial roots and the pair's shared commitment to putting a more diverse, modern face on the monarchy.British...

First class for Mississippi school after desegregation deal

CLEVELAND, Miss. (AP) — A small Mississippi Delta town whose rival high schools were combined last year under a desegregation settlement has held its first graduation ceremony.No longer Trojans and Wildcats, they're all Wolves now at Cleveland Central High School, whose seniors collected...

ENTERTAINMENT

Reggie Lucas, who worked with Miles Davis and Madonna, dies

NEW YORK (AP) — Reggie Lucas, the Grammy-winning musician who played with Miles Davis in the 1970s and produced the bulk of Madonna's debut album, has died. He was 65.The performer's daughter, Lisa Lucas, told The Associated Press that her father died from complications with his heart early...

Broadcast networks go for milk-and-cookies comfort this fall

NEW YORK (AP) — If provocative, psyche-jangling shows like "The Handmaid's Tale" are your taste, head directly to streaming or cable. But if you're feeling the urge for milk-and-cookies comfort, broadcast television wants to help.The upcoming TV season will bring more sitcom nostalgia in the...

Met says it has evidence Levine abused or harassed 7 people

NEW YORK (AP) — The Metropolitan Opera said in court documents Friday that it found credible evidence that conductor James Levine engaged in sexually abusive or harassing conduct with seven people that included inappropriate touching and demands for sex acts over a 25-year period.The Met...

U.S. & WORLD NEWS

Small clubs cross fingers for World Cup windfalls

TORCY, France (AP) — The ideal scenario for the club where Paul Pogba played football as a kid might go...

On time, on target: LeBron, Cavs pound Celtics in Game 3

CLEVELAND (AP) — Before taking the floor, LeBron James stood in the hallway with his teammates outside...

US, China agree to cut American trade deficit

WASHINGTON (AP) — The United States and China have agreed to take measures to "substantially reduce"...

Insect ambassadors: Honeybees buzz on Berlin cathedral

BERLIN (AP) — On the roof of Berlin's cathedral, bees are buzzing.Beekeeper Uwe Marth pulls out a honeycomb...

Love and fire: Text of Michael Curry's royal wedding address

WINDSOR, England (AP) — And now in the name of our loving, liberating and life-giving God, Father, Son and...

Episcopal bishop Curry gives royal wedding an American flair

WINDSOR, England (AP) — Nothing quite captured the trans-Atlantic nature of Saturday's royal wedding as...

Blake Ellis CNN Money

NEW YORK (CNNMoney) -- While the average African American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.

Half of African Americans say their financial situations have improved from a year ago, compared to 33% of the general population, according to a Prudential report released Tuesday. The survey polled 1,153 people who identified as African American or black and a general sampling of 471 Americans.

African Americans are also significantly more confident about making financial decisions. Nevertheless, they get 13% less contact from financial advisers, and only 26% of respondents feel that a financial firm has "effectively engaged and shown support for the African American community." As a result, only 19% have financial advisers, compared to 30% of the overall population.

Yet on average, African Americans find the financial industry to be more trustworthy than the general population does, and more than half say a financial adviser could help them -- making this underserved population an untapped opportunity for financial firms, Prudential found.

And the need for help is there.

Debt is the number one concern among the African American population, according to the survey. The median household had $18,000 in non-mortgage debt -- including student loans, credit cards and personal loans. That's 50% more than the general population. And those with college degrees were twice as likely to have student loan debt than the average college-educated American.

With higher debt, it's often harder to build savings. Median household savings is only $40,000 for African American households, compared to $97,000 nationally. When a college education is added to the equation, household savings rises to $66,000 for African American households but jumps to $207,000 for the average American household.

African American respondents were half as likely to have long-term investments like stocks, bonds and mutual funds. Yet they were significantly more likely to be financially supporting someone who is unemployed, as well as grandparents, parents, children and grandchildren.

 

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