Social Security benefits and SSI payments will increase in 2025, but the increase may not be enough to cover rising costs of living, particularly for Black and Hispanic/Latino households, who have substantially fewer retirement savings than white households.

The post Black Retirees Growing Older and Poorer: 2025 Social Security COLA Lowest in 10 Years appeared first on The Washington Informer.

The post 2024 Financial Literacy Supplement appeared first on The Washington Informer.

Vice President Kamala Harris has proposed a plan to build up America's middle class through tax benefits, an expanded Child Tax Credit, and a ban on price gouging, while Republican Senator JD Vance has suggested increasing the Child Tax Credit to $5,000 per child.

The post Harris Campaign’s Key Economic Policies Highlighted Ahead of Presidential Election appeared first on The Washington Informer.

The racial wealth gap between white and Black Americans is wide, but financial literacy is key to closing the gap and combating racial economic inequities.

The post Financial Literacy for All: Sharing the Importance of Financial Literacy in the Black Community appeared first on The Washington Informer.

Estate planning is essential for transferring wealth to future generations, and it is important to consult with a team of trusted professionals to ensure assets are distributed according to your wishes.

The post Pass It On: A Plan for Transferring Wealth to the Next Generation appeared first on The Washington Informer.

Financial literacy is crucial for children to learn at an early age, especially in the Black community, and books like "ABC for Future Millionaires" can help teach children about saving, investing, and budgeting.

The post When is the Best Time to Teach Your Child About Money? appeared first on The Washington Informer.

Wells Fargo has launched the Homebuyer Access grant, a program that provides $10,000 towards the down payment for eligible homebuyers in underserved communities, in an effort to strengthen communities and advance racial equity in homeownership.

The post The First Step in Bridging the Homeownership Gap appeared first on The Washington Informer.

A financial literacy brunch workshop sponsored by Allen Chapel AME Church's Men's Ministry was attended by 60 people, who listened to speakers discuss the importance of good financial management and the racial wealth disparities in the District.

The post Family Wealth Topic of Allen Chapel AME Brunch appeared first on The Washington Informer.

Jacque Patterson, an at-large member of the D.C. State Board of Education, works a side hustle as a community consultant to help nonprofits set up operations in his ward and neighboring Ward 7, while Angela Heath and Ivan Jose Cloyd also work side hustles in the gig economy.

The post The Benefits of Side Hustles appeared first on The Washington Informer.

The District of Columbia has adopted new financial literacy standards for high school students, which will equip them with the knowledge and skills to make strategic financial decisions and pursue their future goals.

The post DCPS Adopts New Financial Literacy Standards Across High Schools appeared first on The Washington Informer.