Economics In Brief: Where Black Wealth Is Most Concentrated In The U.S. – Next City

by | Sep 30, 2022 | Financial

Plus, a look at the early data on guaranteed income programs across the U.S.

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks.
Become A Member

Black People Are Finding Property In This North Virginia County

New data has emerged pinpointing where in the U.S. Black people are most prosperous. A collaboration between NAACP Black Progress and the Brookings Institute has produced the Black Progress Index, which looks at data pertaining to the happiness, economic success and longevity of Black people in the U.S.

According to the index, Black people are finding the most success in Loudoun County, Virginia. According to a report by the Boston Globe, that’s linked to the finding that the biggest predictor for longevity depends on a foreign-born Black population. The Globe also used the same data to report that Montgomery, Alabama is also leading the way for Black prosperity.

Loudoun County’s Black population is relatively small (around 8.2% of approximately 405,000 people, per U.S. Census Bureau Data). But it’s not the concentration of population that determines positive outcomes the most, but other factors: educational attainment, homeownership, business ownership and more.

The Early Data Is In For Guaranteed Income Programs

Whether participants received a payment of $375 a month or $1,000 a month, the Guaranteed Income Pilots Dashboard’s visualization of guaranteed income programs launched across the nation by various jurisdictions and organizations shows the impact has been immense.

Typical programs ran for a year or two, and distributed a monthly amount (which varied from program to program and went up to $1,000) to eligible people. Most programs were designed to address economic inequities among people of color. Participants who benefited most were low-income parents of color, as Bloomberg’s CityLab reports.

Nationwide, there were about 7,300 beneficiaries. In a survey of 5,669 participants, 40% of the additional income wa …

Article Attribution | Read More at Article Source

Share This