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Tag: Americans

Black leaders share their advice on how to help Black Americans succeed

Finance
kate_sept2004 | E+ | Getty ImagesIn celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.More needs to be done to help Black Americans find financial and work success, several Black leaders say.That includes providing access to the same financial literacy resources and job opportunities that White Americans have.Many Black Americans have been left behind in the economic recovery. In January, the unemployment rate for Black or African American workers was 9.2%, compared to 5.7% for White workers, according to the Bureau of Labor Statistics. ...

Americans are flocking to the suburbs — here’s how much you need to earn to buy a house

Finance
Home ownership has long been considered a staple of the American dream.During the pandemic, it has also become a dividing line between the haves and have-nots.As the coronavirus outbreak and rise of remote work pushed Americans to move from the city to the suburbs, those who could afford a single-family home have been able to leverage historically low interest rates to build equity and net worth.Many are doing just that. During 2020, the homeownership rate jumped to roughly 67%, up nearly 3% from a year earlier after remaining largely flat for a decade, according to the Census Bureau.More from Personal Finance:Some newlyweds face a ‘marriage tax penalty’ A financial snapshot of America one year after CovidWhat to do to get your $ 600 stimulus checkBut high demand for housin...
Biden says vaccine rollout has been a ‘dismal failure’ and urges Americans to wear a mask for 99 days

Biden says vaccine rollout has been a ‘dismal failure’ and urges Americans to wear a mask for 99 days

World
Joe Biden has warned that the fight to bring coronavirus under control in the US is a "wartime undertaking" - devoting much of his first full day in office to tackling the pandemic.The new president signed 10 executive orders on Thursday that are designed to ramp up testing, tackle vaccine shortages, and increase mask wearing nationwide. More than 406,000 people have died as a result of COVID-19 in the US, and more than 24.5 million cases have been confirmed - with 4,367 fatalities confirmed in the past 24 hours. Image: Mr Biden signed 10 executive orders concerning the coronavirus pandemic Mr Biden has described the rollout of vaccines in the US as a "dismal failure so far", and vowed to expand vaccine manufacturing in the coming wee...
Study: Sickle cell trait does not increase heart disease risk in African Americans

Study: Sickle cell trait does not increase heart disease risk in African Americans

Health
Jan. 5 (UPI) -- Carrying the sickle cell trait does not play a significant role in the increased risk for coronary heart disease among African Americans, a study published Tuesday by JAMA Network Open found. Although African Americans are twice as likely to die from heart disease than White people, according to the U.S. Centers for Disease Control and Prevention, those carrying the sickle cell trait have only a 3% higher risk for heart problems than those who don't, the new data showed. Advertisement It's likely that other health problems, such as higher rates of high blood pressure and diabetes, contribute more to heart disease risk among African Americans than sickle cell, the researchers said. "We don't see sickle cell trait as significant risk factor by itself," study co-author Dr. Hy...

Even without a stimulus deal, the Fed, which held interest rates near zero, can help everyday Americans. Here’s how

Finance
Although a second stimulus plan is still up in the air, the Federal Reserve is determined to push consumer borrowing costs even lower as the economic recovery takes hold — giving everyday Americans a reason to be optimistic.In addition to holding interest rates near zero, Fed Chairman Jerome Powell said Wednesday the central bank will continue to increase its bond holdings to preserve the flow of credit until the economy gets back to full employment."Vaccines do increase the likelihood for a rapid snapback in economic activity, but we have to get from here to there first," said Greg McBride, chief financial analyst at Bankrate.com.For now, the Treasury has clipped the Fed's wings by declining to extend some of its emergency programs and instead diverting the funds to fiscal stimu...