CBX Daily 4/12/2024

Author

Earlene Greene
April 12, 2024

Today women of color are the latest trailblazers breaking regimes, but let’s start with how Americans are in a $100K dilemma in the land of dreams…

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Why Are Americans Making $100,000 Living Paycheck To Paycheck?

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Many believe earning a six-figure income means that you have arrived and are at the epitome of success. However, as of December 2022, 51% of Americans with $100,000 or more in annual income said they lived paycheck to paycheck, according to the LendingClub and Pymnts.com survey. Although many factors may contribute to this, the effects of inflation are burning holes into the pockets of too many Americans, causing them to live on an earn-and-spend treadmill.  

Women Of Color Secure More Seats At The Boardroom Table

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According to recent data, women of color now hold 5% of private board seats, which is an increase from 3% in 2020. Additionally, the number of boards that lack women representation also fell significantly by almost half from 60% to 32%. This indicates a positive trend towards increased representation and diversity in private boardrooms.

Creative Book Industry Lacks Black Perspective With 4% Representation

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The lack of diversity in the creative book industry is a hot topic with Black writers and editors being underrepresented. Currently, 78% of the publishing industry is white, with only 4% Black representation. Diversity is far from where it should be for the Black perspective in an industry of all-white publishing. How can we expect to create literature that reflects the world as it exists if our authors are underrepresented?

Birkin Bag Resale Market Is On Fire

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In the world of luxury fashion, few items hold as much allure and prestige as the Hermès Birkin bag. Renowned for its exquisite craftsmanship and exclusivity, the Birkin bag has become a symbol of wealth and status as the resale market for these bags has doubled in five years. Hermès also benefited from some free marketing as well, thanks to rappers like Cardi B and the City Girls, constantly showcasing their collections.

Unraveling AT&T's Personal Data Leak Impact On The Black Community

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AT&T’s (T+0.28%) recent data leak of 73 million current and former customers exposed tons of personal information. When it comes to data breaches they are often more problematic for people of color living on fixed or low incomes, raising serious concerns about digital equity and cybersecurity. Mitigating widespread damage from this data breach to these communities is imperative for AT&T to restore consumer confidence.

Vibes of the Week

Lately, money feels like a “7 Minute Drill” the way these bills are set up. J. Cole closing the week with another diss in our CBX Vibes!