Recessionary Blues: Recovery will take ten years. 33% of AA or Unemployed or Under Employed. Corporate America can’t create enough jobs. African American HH’s net worth is $4,000. Black America might lose 50% net worth. Financial Stress and Fear is a silent killer. Hopelessness can create a generation of helpless people.
A Financial Gospel Consider the recession as a new beginning. We can do a lot on our own. We can work in the 21 St century workforce. We can reclaim our communities. We have time to get it right this time. 25% of us want to become self employed. 50% of us have some means of income.
Jazzy Financial Moves Everyone needs a plan. Education is still the best investment. Exercise every day. Reduce Debts and Increase Savings. Find a Trusted Advisor. Buy REO homes and undervalued stocks. Connect with the SBA and SCORE. Replace Fear with Faith.
The NAACP: Neo Soul Embrace the Economic Rights Movement. Teach Financial Education To Everyone. Promote Entrepreneurship. Buy REO Homes in Your Community. Join Neighborhood Stabilization Programs. Hold Financial Stress/Depression Workshops. Match Unemployed with Volunteer Programs. Connect Unemployed with Retraining Programs.
Spiritually Speaking African Americans need someone to light the way to economic freedom. The NAACP represents the light of prosperity. You are the light! Let your light shine! Help others secure success in this economic mess.