This lender wants to close the racial wealth gap and ‘put poverty out of business’

estimated that 29.3 million people in the U.S. are living in poverty, resulting in a national poverty rate of 9.2 percent. For non-Hispanic Black people, the annual poverty rate is projected to be 15.2 percent this year. For Hispanics, it is estimated to be 13.7 percent and for non-Hispanic whites, it’s projected to be 6.6 percent, the report stated.

The poverty threshold is $13,300 in income for a single person under age 65 and $25,926 for a family of two adults and two children, according to theIn order to address racism, the financial system has to provide better access to affordable services to Blacks, Hispanics and other people of color in order, Posner said. He’s also a proponent of overhauling the criminal justice system.

What’s more, the average payday loan borrower spends an average of $520 in fees to repeatedly borrow $375,Sherlie Martinez, pictured with her daughter, was able to finance a used car in 2015.Sherlie Martinez, who is 30 and lives in Providence, understands how people can get caught up in payday loans. She took took one out in 2011. Luckily, she was able to pay it off after a few cycles with her tax refund.

CNBC I wonder how many people know that in the past 10 years world poverty numbers have been cut in half. You’d never know by “journalism” SocialismKills

CNBC It cant be done artificially. Certain habits must change.

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CNBC Hold on. They want to bring people out of poverty by putting them into debt?

CNBC 70% of revenues come from grants and donations. It’s not a viable lending business, it’s a gvmt program.

CNBC That's admiral but it's not reality. It's not how this works. People rise and fall based on their own merits, their own effort. They have all the opportunity in the world. We don't handicap because of laziness or mediocrity or skin color.

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CNBC Thank me later

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This lender wants to close the racial wealth gap and 'put poverty out of business'Community Development Financial Institutions, which provide banking and loan services to low-income communities, may be the best kept secret in the banking world. acorns How do you do that.? Give TAX MONEY to DRUG DEALERS, HOOKERS,AND GANG MEMBERS.They don't see no WEALTH GAP.They just see VICTIMS acorns Lol I'm sure they do 😅🤣
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