Author: Tracey Goins

As social media becomes more entrenched in people’s lives and takes on a more functional use, the role of influencers is set to only grow. Mega sports influencers like LeBron James can earn more than $300,000 per social media post, which is more than he makes per NBA game. The market is rapidly expanding as influencer types have proliferated, filling every conceivable niche and sub-niche interest, with brands set to spend $15 billion on influencers in 2022.

By Tracey Goins
– People of color lose an average of $29K after a natural disaster
– Natural disasters cost the U.S. $145B in 2021 Damages caused by natural disasters and recovery efforts have worsened wealth inequality among different ethnicities in the United States. Nearly 50% of U.S. counties experience a disaster each year, and areas that are particularly disaster prone rapidly diminish wealth in those communities. Natural disasters cost the country $145 billion in 2021, and nowhere are the economic and racial inequities of disaster aid more evident than in areas that have experienced urban flooding. While damaged caused by natural disasters may be indiscriminate, the process of recovery, especially depending on who you are, will not be. Why This Matters: Despite national economic loss, white people living in counties with considerable damage from natural disasters accumulate more wealth than their counterparts living in counties without major natural disaster damage. Reportedly their wealth increases in some cases as much as $126,000. Post disaster outcomes among Blacks, Latinos and Asians, the results went the other direction as their net worth decreased by as much as $29,000.

By Tracey Goins Medical tourism is expected to reach more than $200B globally by 2027 African American travelers economic value in 2020 was $63B As the cost of healthcare care continues to rise in the U.S., medical tourism, a process of traveling to a different country for procedures is becoming increasingly popular. Pop culture stars

By Tracey Goins Exclusion from the Volcker rule could be good news for Black-owned banks New trading rules protect consumers from risky investments Regulators have proposed a new edict that would exclude some community banks from the Volcker rule. Banks with $10 billion or more in combined assets are most impacted by the new rules.

By Tracey Goins Exclusion from the Volcker rule could be good news for black-owned banks New trading rules protect consumers from risky investments Regulators have proposed a new edict that would exclude some community banks from the Volcker rule. Banks with $10 billion or more in combined assets are most impacted by the new rules.

By Tracey Goins Medical tourism is a $439B global market African American travelers economic value in 2018 was $63B As the cost of healthcare care continues to rise in the U.S., medical tourism, a process of traveling to a different country for procedures is becoming increasingly popular. Pop culture stars like Kim Kardashian West and

By Tracey Goins The national rate of black homeowners is at 41% African Americans are at risk to have all median wealth extinguished by 2053 With nearly $200 billion lost in wealth and equity since the Great Recession, African Americans are at risk to have all median wealth extinguished by 2053. In order to change

By Tracey Goins IBM aims to develop fair and accurate facial recognition technology IBM misidentified gender in up to 35% of darker-skinned females Tech giant IBM (IBM -1.16%) wants to better train facial recognition systems in order to increase diversity and lower bias. Since facial recognition software is on the forefront of identification, and can

By Tracey Goins Ratings on Disney owned networks like ESPN worsened with 18-49 year old average viewers down 21% in February Black consumers spend an average of 3.55 hours per day watching TV For years, U.S. television networks have spent increasing amounts of money on sports packages, paying billions of dollars for the rights to

By Tracey Goins Voting machinery brings in $300 million in annual revenue Marginalized communities are most impacted by voter fraud Technology has transformed democracy on many levels. It also exposes vulnerabilities in our political processes, ultimately impacting election results. A particular threat to the voting process is the machinery, polling locations infrastructure, and voter registration