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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. 

Equity eludes behind closed doors  

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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 ink bagging a big bag

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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. 

From exclusivity to inclusivity

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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.

Migrants are boosting the U.S job market

Will spilling A.I secrets cause a “Crash?” Only time will tell. In the meantime, jam to Kehlani in our CBX Vibes!