CBX Daily 6/24/2024

Today Black comics are entering the billion-dollar terrain, but let’s start with the strain of Black homeownership with little gain…

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Black Homeownership Is Experiencing The Smallest Wealth Gains

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Overcoming the challenge of devalued properties in predominantly Black and affordable neighborhoods requires new strategies for building wealth. A new study from the National Association of Realtors indicates that it remains harder for Black homeowners to achieve the same wealth gains in homeownership that other groups do. Furthermore, they experienced the smallest wealth gains among any other racial or ethnic group, accumulating only $115,000 in housing wealth in the last decade. 

Reading Rainbow: Black Comic Books Big Role In The $22.4 Billion Market

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All Negro Comics, created by Orrin Cromwell Evans and four others in 1947, paved the way for companies like Milestone Media founded in 1993 that now have their place in the DC universe with Warner Brothers investing in a live-action Static Shock film produced by Michael B Jordan. The comic book that was once 15 cents an issue, is now valued at approximately $20,000 today, as the global comic book market size was valued at $14.6 billion in 2021 and is poised to grow $22.4 billion by 2030.

Black-owned Luxury Resale Is Tapping Into The $68 Billion Market

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We see flashy luxury staples on our favorite rappers, athletes, and influencers. They are draped with logos and bling while they hop into their uber-expensive Italian vehicles. Balenciaga, Chanel, and Dior are luxury brands, among others, that make up the 2022 $331.6 billion market, expected to reach $429.4 billion by 2028. The concept of ‘Conspicuous Consumption’ which is the consumption of luxuries to enhance one’s prestige could be supporting more Black-owned luxury brands to get a bigger piece of the retail pie. 

How Migrant Muscles Are Fueling America's Job Surge

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When you think of immigrants, you're probably thinking of the less fortunate, minority and underrepresented people. And its true, they often face challenges such as language barriers, discrimination, and lack of access to healthcare. However for the U.S, this is a group that is literally the cornerstone of growth and success holding their economy together. Birth rates in the U.S have significantly gone down to 2% leaving employers seeking for employees. However with the entry of migrant workers, the labor force has seen a boost and is projected to hit 5.2 million people in the next decade.

Older Americans Stand Strong Amidst A Retirement Crisis

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Amid growing economic and political uncertainties and the escalating cost of living, a new survey reveals disturbing insights into the retirement expectations and financial anxieties of older Americans. About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. Another 70% are concerned about prices rising faster than their income, an AARP survey finds. These statistics underscore the severity of an imploding system on the brink of a full-blown retirement crisis, demanding accountability.  

Vibes of the Week

Expecting “Big Big Money” in home ownership but not yet. Key Glock ushers us into a brand new week. Get into it in our CBX Vibes!