CBX Daily 1/17/2025

Author

Keyanna Harper
January 17, 2025

Today, Americans need over $200,000 to feel secure in their zones, but let’s start with how black Americans are striving to own their own homes…

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Exploring Black Americans' Quest For Homeownership Equity

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While Black individuals constitute an average of 14% of the population in the nation's largest 50 cities, their homeownership rate stands at 10.15% in these areas. This roughly translates to heavy rental burdens for more than half of the Black residents. Black Americans homeownership has been on a declining trajectory compared to their White counterparts. This gap is so wide it could take centuries to close; in fact, 320 years is presumed.  

Do Americans Need $200,000 A Year To Be Financially Comfortable?  

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“Financially comfortable,” the meaning is unreachable for many, especially when you consider Americans feel they need more than three times the median U.S. household income of about $71,000 a year to feel financially secure. A Bankrate survey found U.S. citizens want to earn over $200,000 a year to be financially comfortable. Considering the median household income for Black U.S. households in 2021 was $46,400 and more than 450,000 job cuts during the first half of 2023, the expectation of being financially secure feels out of reach for many.  

Weighing In On The $296 Billion Diet Industry 

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We live in obese world where diets have become trendy, they’re promoted everywhere, plastered right in your face. This industry of weight loss and weight management diet sector is expected to garner $295.3 billion by 2027, with people like you shelling out major coins to drop a few pounds. Is eating healthy and subscribing to the diet lifestyle really worth it for your bank account and scale? 

Tune-in Tuesdays!

TikTok executives and legal experts are raising alarm about the potential repercussions if the U.S. Supreme Court allows a nationwide ban. With millions of users, this could be a blow to digital culture and free expression. But will these warnings be enough to sway the court, or is this just another political battle?

A. "Let’s Get It Started" by Black Eyed Peas – This battle is far from over. If the government proceeds with the ban, it’s not just an attack on a single platform, but on the very foundation of digital freedom. Activists, creators, and tech advocates can fight back
B. "Good While It Lasted" by Trevor Martin – TikTok users will be left to mourn the fleeting but impactful time spent on the app all the while acknowledging that all good things come to an end
C. "Better This Way" by Jiselle – While the potential ban feels like a devastating blow, maybe it’s an opportunity for the digital world to rebuild and evolve and users and creators may find new, more meaningful ways to connect

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like there’s power in unity that will bring equity and ‘Glory’ in the film industry.

Solar Companies Are Shining A Light On African Countries  

CBX Vibe:

The growth of solar power companies in Africa is a significant development with the potential to address the pressing issue of access to electricity on the continent. Still, even with remarkable steps in the past decade—renewable energy capacity surged to 62.10 Giga Watts, the electrification rates are extremely low. Over 640 million Africans have no access to electricity. To put it into perspective, Africa is home to 20% of the world's population and is the most energy-deficient continent. 

Win-Win As Customers Pop Out For Pop-ups & Businesses Make Bank  

CBX Vibe:

Imagine strolling into a temporary wonderland that’s part boutique, part art gallery, and part block party. That’s the vibe that pop-ups aim to bring. Aside from tapping into diverse crowds and upping their marketing game, they're also looking to enhance their customer engagement techniques. These can easily be misconstrued to be a preserve for small and upcoming businesses but even the heavy hitters like Louis Vuitton are on this train. They launched their men's 2024 Spring/Summer collection in over 50 destinations. 

Vibes of the Week

There should be a “Tweaker” that equalizes home ownership in the US, as G3 Gelo tells it in our CBX Vibes!