How Much Federal Spending Benefits African Americans | News

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The power of the “now” can only be realized now. It doesn’t take time or effort. Effort means that you are striving to get somewhere, and therefore you are not present, welcoming this moment as it is. Eckhart Tolle

Last month, Nexus Community Partners was selected by the Bush Foundation to establish a community trust fund that will invest directly in black communities in the region through grants to individuals. The Bush Foundation’s $ 50 million grant will target black residents of Minnesota, North and South Dakota, and Nebraska. The launch is slated for early 2023 following significant community engagement.

In a statement announcing the grant, Nexus said it supports “strong, equitable and just communities in which all residents are engaged, are recognized as leaders and have pathways to opportunity. The key to creating more engaged and powerful communities of color is the connections between authorship, leadership and ownership. “

Despite this, “more support is needed for policies, resources and an emergency with an exclusive focus on African Americans,” said Shawn Lewis, who monitors and comments on philanthropy. “One of the many questions that must be answered is how much federal spending really benefits African Americans and their communities.”

“According to the Census Bureau, even years before the pandemic, the Twin Cities had one of the highest percentages of people of color below the poverty line of the 25 largest cities in the United States. And the Twin City metro area had the third highest percentage behind Pittsburg and Milwaukee, ”said Yusef Mgeni, retired reporter and executive who is a regular commentator on Conversations with Al McFarlane Thursday webcasts.

Before the housing bubble burst in 2008, Minnesota had one of the lowest black homeownership rates in the country and after all the foreclosures and evictions this rate has fallen to a minimum. from 21 to 22% according to the economic inclusion plan of the NAACP (EIP) Report on the twin cities.

Add to that reality the fact that the life expectancy of black people in the United States has declined by 2.5 years since the start of the COVID19 pandemic. We are overrepresented in the service sector and are most often among the first lower-level workers to be made redundant, ”Mgeni said.

According to the EIP report.

“These combined realities have contributed to a perfect and continuing economic storm in our community,” he said.

A recent News One The headline of the article read: “Despite the economic recovery, black workers continue to struggle financially.”

According to the Black to the Future Action Fund’s socio-analytical research data collection survey, which seeks to engage black people in conversations about community issues, interests and critical resources, intergenerational connections can have a positive impact. on families and their communities, but the current status of black America had not changed much until now.

42% of black adults rated their financial situation as “bad.” A third of those polled said their income potential has stayed the same or worsened since most Americans finally became supporters of the COVID19 pandemic.

While an estimated 800,000 Americans have perished and hospitals nationwide have reached capacity due to the pandemic, it is interesting to note that 52% of black adults surveyed were happy with the country’s leadership, but 54% were dissatisfied with the current state of the economy.

Since July, parents / guardians have benefited from the federal child tax credit. Chalk beat, an innovative model of local journalism, reported that as inflation soars, parents who have received the much-needed financial boost are spending money on current household expenses, the food being at the top of their list, and not making payments for a new car. This extra money has led to a decrease in hunger and poverty among children.

Since President Biden’s Build-Back-Better-Act was not passed in the Senate last week, child tax credit payments will not be made in January or will not be extended by one year. .

Provisions relating to vocational training and workforce development constitute a major avenue for poverty reduction. The Joint Center for Economic and Political Studies said Congress should lower the age of eligibility to 18 so these people can qualify for benefits and those who do not have children can be helped. one way or another.

According to www.inequality.org, the United States and most of the world’s populations underestimate the impact and extent of systemic inequalities, failing to realize how deep the gaps between the rich and the poor have widened. Inequalities negatively impact black Americans, especially in dealing with COVID and other health issues.


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