BLACKPRESSUSA NEWSWIRE — The rise in unemployment has been uneven, with Black workers experiencing some of the most severe impacts. Black men ages 20 and older saw their unemployment rate jump from 6.6 percent in September to 7.5 percent in November. Black women ages 20 and older recorded an unemployment rate of 7.1 percent in November, slightly lower than September’s 7.5 percent but still higher than any other racial or ethnic group.
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BLACKPRESSUSA NEWSWIRE — Federal tax refunds are positioned for a sharp rise next year, with new projections showing that the average payment could increase by about $1,000 for millions of Americans.
Congress is actively working on groundbreaking legislation that would provide much needed regulatory clarity. The Digital Assets Market Structure legislation being developed by the U.S. Senate Agriculture and Banking committees can be better positioned to foster economic growth, promote financial education, and support guard rails for the early and vibrant segments of Americans who actively leverage digital assets.
The holidays are coming, and many financially strapped families are considering how to responsibly manage their use of credit while still enjoying seasonal gatherings, presents, feasts and toasts of glad tidings for all. The yuletide season is also a time to especially avoid predatory lenders that offer workers quick access to cash via loans with triple-digit interest rates and hidden fees that can wreck their finances for months.
VA mortgage loans are fixed-rate loans guaranteed by the U.S. Department of Veteran Affairs. VA guaranteed loans are made by private lenders like SouthState to eligible veterans and service members for the purchase or refinancing of their primary home. We are fortunately able to do this with competitive interest rates and no money down, making homeownership more attainable to those who have served our nation.
Trump’s recently imposed tariffs on Mexico, Canada, and China are expected to cause significant disruptions to the U.S. economy, with rising costs that could hit Black Americans the hardest. These tariffs, which include 25% taxes on imports from Mexico and Canada and 10% on Chinese goods, will likely increase prices for everyday items, from food to housing, CNBC reported.
Recent whistleblower complaints of systemic dismantling of fair housing and civil rights enforcement at the Department of Housing and Urban Development (HUD) have led ranking minority members of both chambers of Congress to jointly call for hearings.
At SouthState, we believe homeownership should reflect the unique needs of every borrower. That’s why our Construction and Renovation loan was created to give families, first-time buyers, and community members the flexibility to build or improve the home that’s right for them.
As the Legislature explores the future of property taxes in the state, tensions continue to swirl around whether local governments manage money the way state lawmakers would like.
At SouthState, we know buying a home can feel out of reach, especially if you don’t have a big down payment or a perfect credit score. That’s where FHA loans come in.