If You’re in The RED, Listen UP!

The red dot represents the bottom 40% of Americans who are struggling to survive. After pondering over a recent article highlighting the glaring statistics of the dismal and widening wealth gap between black and white women aged 39-46 ($5 vs. $42,600), I had to stop and reflect on why this is. Then I realized that women have always been at the bottom of the social economic ladder and people of color trailing them.  The wealth gap is affecting everyone. Look at the red dot on this graphic of Occupy!  Black women and many people of color occupy the RED DOT. That means 40% of Americans are in the same boat!

wealth distribution

The current system is not designed to make the poor rich; it’s designed to make the rich wealthier.  It’s not necessarily because rich people are bad or greedy or that there is a shrinking pie and not enough to go around. One huge reason is because it’s extremely difficult to amass wealth on a small salary in an economy when the dollar is constantly declining in value and the cost of living is soaring!

There is a better way, and no one explains it better than Robert Kiyosaki, author of Rich Dad: Poor Dad on how to get out of the red dot zone and create wealth.

 

Remember, “If you keep doing what you are doing, you’ll keep getting what you are getting!” BUT, if you’re convinced, as I have become that must be a better way, check out ANOTHER WAY! Then send me a message via the contact form if you’re ready to do something about your circumstances!

Thanks, “I’m Barbara Talley, the Poet who speaks and inspires!”

Net Worth of Single Black Women $5 Compared to White Women $42,600!

ImageImagine not being able to take off a sick day, a mental health day to care for loved ones, or even a day to repair a major appliance WITHOUT GOING INTO DEBT! A new study released this week by a leading economic research group highlighted some startling statistics.  Single black women between the ages of 39 and 46 had a median wealth net worth of only $5.00.  Yes you heard me right, only $5.00!! Five dollars, Just enough to buy a $5 footlong. #SMH. At the same time single white women of the same age had a net worth of $42,600 (which is still only 61 percent of their single white male counterparts). 

Poverty at any age is a problem, but imagine being in poverty in the prime of your life.  How does that bode for one’s future?  Put simply, “If people are struggling to survive and have no wealth when they are most vibrant, healthy, and marketable, what’s going to happen to them when they age, have health problems, are laid off, have to take off to care for aging loved ones, or are discriminated against in the marketplace because of age? Consider that the average nursing home stay is over $83,000!  What can you do?

Wealth, or net worth, measures the total of one’s assets — cash in the bank, stocks, bonds and real estate; minus debts — home mortgages, auto loans, credit cards and student loans. The most recent financial data was collected before the economic downturn, so the current numbers likely are worse now than at the time of the study. Source Financial Juneteeth

Did you read that carefully, “The current numbers are likely to be worse now than at the time of the study!”  Worse than having a net worth of five dollars? The article challenges the myth that black women just spend more, explaining that the rising cost of living, lower wages, and being victims of subprime mortgages (paying up to 5x more) are major contributors.  Add to high credit card debt which stems from using borrowed credit for present day survival and emergencies and you’ve got the crisis you see unfolding.

This was even shocking to Meizhu Lui, director of the Closing the Gap Initiative based in Oakland, Calif., who contributed to the report “Lifting as We Climb: Women of Color, Wealth and America’s Future, “Even for those of us who have been looking at the wealth gap for a while, we were shocked and amazed at how little women of color have.”  Researchers at the Insight Center for Community Economic Development, based in Oakland, Calif., analyzed data from the 2007 Survey of Consumer Finances, and reported in Financial Juneteeth.  Consider these sobering remarks of Democratic Whip, Steny Hoya, addressing the ‘2014 Color of Wealth Summit’ hosted by the Center for Global Policy Solutions and the Insight Center for Community Economic Development

“According to a study last February by the Institute on Assets and Social Policy, which tracked the same set of families over a twenty-five year period, the wealth gap between white and African-American households nearly tripled.”While the median wealth of white families nationally was $113,149 that year, it was only $5,677 for African-American families and $6,325 for Latino families.”White Americans own homes at a rate 28.4% higher than African-Americans. While white households lost 12% of their wealth during the recession, Latino households lost a staggering 67%.

 

More Resources: Women of Color Wealth Future — Hoyer Remarks at 2014 Color of Wealth Summit

 

I’m Barbara Talley, The Poet who speaks and inspires.   240-813-0522

21 Ways to Make Your Home a Fortress for Well-Being

21 Ways to Make Your Home Happier

21 Ways to Make Your Home Happier

You’ve heard it said before, “Home is where the heart is.

But the home is so much more. Home should be where your heart, healing, happiness, and humanity are best magnified. If you don’t show or won’t show humanity, forgiveness, kindness, and encouragement at home, then where?  Your home is your loving lab, where you can make mistakes in a loving environment and grow from them. Your home is the place where you GROW your family and pass on your values.  It gets frustrating worrying about all the bad things in the world and feeling hopeless, so focus your energy on the one place where you can make a difference.  Your home is your first responsibility.  Make it more loving, healing, encouraging, and trusting.

Home is a safe place to dream and expect encouragement and support.  We are truly in a sad state of affairs if our homes do not restore us to wholeness. Even worse, when our homes are the cause of our sorrow, depression, fear, and self-devaluing. Your home must become your fortress for well-being, the place you go to heal, restore, and flourish.  It should be the one place where you can let your guard down and be able to trust. It should be the one place where you will have the most influence. What you DO in your home affects its power to heal.  These are 21 Things we do to make our house a home.

  1. We do second chances, and sometimes third, fourth, fifth, sixth…….infinity
  2. We do grace.
  3. We do real.
  4. We do trust.
  5. We do loud; Sometimes, we do real loud!
  6. We do encouragement.
  7. We do mistakes.
  8. We do, “I’m sorry.”
  9. We do hugs.
  10. We do, “I love you.”
  11. We do prayer.
  12. We do faith.
  13. We do forgiveness.
  14. We do gratitude.
  15. We do service.
  16. We do laughter and lots of it!
  17. We do, “Please!”
  18. We do, “Thank You!”
  19. We do “Excuse Me!”
  20. We do, “Let me help you!
  21. We do, “Let go and Let God!  (a whole lot)

I’m Barbara Talley,  The Poet who speaks and inspires.   To find more about me, check out my promo sheet or visit  my website.

113th Congress- Most Diverse Ever!

Most Gender, Ethnic, Cultural, and Religious Diversity Ever!

Americans want change in the country and that means the Congress has to change, and it is changing slowly.  The 113th Congress is the most diverse in history.  So,  it could be a whole lot worse. Consider these other encouraging facts. There is a record number (20)  female Senators,  with the first openly gay female Senator, and the first female Asian American Senator.  In the house there are  77 female House members and the first American Samoan ever elected, as well as  the first openly gay congressman of color.  The 113th Congress will also be younger, with four new congressmen born in the 1980s. With regard to religious affiliation,  the first two Hindu congress people, the first Buddhist senator, and the first non-theist has been elected.

Latinos Record Number

Latinos won a record number of 28 House seats and 3 in the Senate.  In the final analysis that’s more diversity.  The demographics are changing and that should mean that we should see some real change in the future.  Or does it?  The Republican majority House still has to draft and pass the laws,  the Democratic majority Senate still has to sign off on those laws, and the President still has to sign them.  Senate Democrats still do not have the requisite 60 votes to invoke cloture, the formal mechanism for ending a filibuster.  This means Republicans can still hold up any legislation they find unpalatable. Yes, it could be better, but it could be worse. Let’s hope they all get along and do what’s best for the entire country.

Sources:

http://mobile.nationaljournal.com/thenextamerica/politics/political-winners-include-women-immigrants-20121108

http://thinkprogress.org/election/2012/11/13/1175491/113th-congress-diversity/?mobile=nc

http://www.bing.com/images/search?q=113th+congress+&view=detail&id=97803655535D3084658B7BDA958B6A1DEBBA34DA

http://uselectionatlas.org/FORUM/index.php?topic=131094.0

http://www.nationaljournal.com/blogs/influencealley/2012/11/5-milestones-in-congressional-demographics-09

I’m Barbara Talley,  The Poet who speaks and inspires.   To find more about me, check out my promo sheet or visit  my website.

America’s Diversity Votes and Wins!

Even beyond the excessive attempts to disenfranchise voters, in spite of an effigy of the President with a noose around his neck, and even with so many other disparaging and racial sentiments arising out of the 2012 campaign, I am more hopeful and proud of my country than ever. American’s voted that they care about each other.  Even when they may not agree with each others ideologies or lifestyles, they still voted that everyone should be included and deserves to be counted and have civil rights.  The landscape is changing and I am optimistic about the future for the following reasons!

  1. America’s first African-American president wins not only the majority of electoral votes but also the popular vote, the most successful Democratic candidate since FDR by margins.
  2. The 113th Congress will have at least 19 female senators – more than ever in U.S. history.
  3.  Hawaii elects America’s first Asian senator.
  4. Wisconsin elects America’s first openly gay senator.
  5. Nevada elects Steven Horsford, its first African American Congressman.
  6. Voting was up for African Americans, young people, and Latinos despite the unprecedented number (25) of voter suppression laws passed last year.

I’m Barbara Talley, The Poet who speaks and inspires.   To find more about me, check out my promo sheet or visit  my website.