The National Credit Foundation
The National Credit Foundation was founded on three principles:
(1) To provide free financial education and literacy resources for disenfranchised Black Americans; (2) To bring awareness to the rapid rise of inequality in the United States; and (3) To make the strongest possible case for reparations for 250 years of slavery, 90 years of Jim Crow, 60 years of separate but equal, and 35 years of a state-sanctioned racist housing policy.
The Great Gatsby curve illustrated the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parents. The curve shows that children from poor families are less likely to improve their economic status as adults in countries where income inequality was higher – meaning wealth was concentrated in fewer hands – around the time those children were growing up. The accrual of wealth is vastly unequal when race is considered.
The Basics of Budgeting
Understanding Interest Rates
Credit-Debt Cycle Traps
Identity Theft Issues & Safety