Black women in Georgia will receive $850/month to combat racial wealth gap
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Date: January 18th, 2022 10:53 PM Author: Fishy tanning salon
January 18, 2022@ 9:01 pm
By: L'Oréal
BLACK WOMEN IN GEORGIA WILL RECEIVE $850 PER MONTH TO COMBAT THE RACIAL WEALTH GAP
As reported on Yahoo, the Georgia Resilience and Opportunity Fund will focus solely on helping Black women combat the wealth gap. The fund will provide 650 Black women across Georgia payments of $850 per month over the next two years. The initiative is one of the biggest guaranteed income initiatives in the country. Some women will receive payments monthly, while others will get a lump sum.
ABC News reports, in addition, the “Real Wakanda” Initiative will run its basic income program that will help 300 residents in poverty. It’ll pay residents $500 for 12 months. The publication notes,
“Some 38% of Black women and 26% of Black men in the city are living in poverty, compared to 8% of white women and 5% of white men in the same city.”
(http://www.autoadmit.com/thread.php?thread_id=5010784&forum_id=2#43807000)
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Date: January 18th, 2022 10:57 PM Author: Fishy tanning salon
In Georgia, Black women are twice as likely to live in poverty as white women and are paid, on average, 63 cents on the dollar compared to white men.
"Our community members are incredibly resilient and resourceful, but many are grappling with deep and long-standing inequities that leave families with thin financial buffers. Black women are among the most likely groups to experience cash shortfalls that make covering basic needs difficult," Hope Wollensack, executive director of the GRO Fund, said in a press release.
"This isn't the result of poor choices; it's the result of pervasive economic insecurity that has the sharpest impacts on women and communities of color and the people who live at the intersection of the two."
Wollensack added, "Guaranteed income is a step toward creating a more just and equitable economy - when we center Black women in this work, our communities thrive."
(http://www.autoadmit.com/thread.php?thread_id=5010784&forum_id=2#43807012)
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Date: January 18th, 2022 11:01 PM Author: Fishy tanning salon
What does this mean about the cause?
"This isn't the result of poor choices; it's the result of pervasive economic insecurity"
(http://www.autoadmit.com/thread.php?thread_id=5010784&forum_id=2#43807025)
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Date: January 18th, 2022 10:59 PM Author: Fishy tanning salon
Black residents in Atlanta are four times as likely to be living under the federal poverty line than their white neighbors, with 46% of Black households earning below $25,000 a year, according to recent research by the Old Fourth Ward Economic Security Task Force.
Some 38% of Black women and 26% of Black men in the city are living in poverty, compared to 8% of white women and 5% of white men in the same city, the task force reports.
“We’re working, we’re tired, we’re stressed,” Lockhart said. “With an extra $850 a month, people will be able to enjoy the sunlight and will be able to spend more time with their babies.”
(http://www.autoadmit.com/thread.php?thread_id=5010784&forum_id=2#43807021)
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Date: January 18th, 2022 11:00 PM Author: Thriller emerald church ape
This will just encourage them to work less or work less hard, ultimately hurting their careers and long term financial health
Libs are idiots.
(http://www.autoadmit.com/thread.php?thread_id=5010784&forum_id=2#43807022) |
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