Browsing: Business

According to the National Association of Home Builders, nearly 75 percent of families – 100.6 million households – cannot afford a median priced new home in 2025. With a price tag of $459,826 and an accompanying 30-year mortgage rate of about 6.5 percent, it’s no surprise that both families and government are challenged like never before when it comes to securing affordable housing.

   President Donald Trump has targeted Diversity, Equity, and Inclusion programs, signing several executive orders to ban DEI initiatives at federal agencies and businesses, and has even threatened to withdraw federal funding from schools that do not remove their DEI programs. 

       Let’s talk about the retirement panic that has folk hitting the Social Security button faster than folks rush to buy Beyoncé tickets. People are claiming Social Security at 62 like the system is about to disappear overnight. All this stress over “What if it runs out?” has folks locking in the smallest Social Security checks of their life, all in the name of FEAR.

       “The President’s Skinny Budget reflects funding levels for an agency that is responsibly winding down, shifting some responsibilities to the states, and thoughtfully preparing a plan to delegate other critical functions to more appropriate entities,” said Education Secretary Linda McMahon in a related statement. “The federal government has invested trillions of taxpayer dollars into an education system that is not driving improved student outcomes – we must change course and reorient taxpayer dollars toward proven programs that generate results for American students.”

     Two offices affected were the Minority Business Development Agency (MBDA), designed to foster the growth of minority businesses, and the Community Development Financial Institutions (CDFI) Fund that provides affordable capital for pivotal urban revitalization, mortgage, small business expansion, and entrepreneurial seed capital investments.