Hispanic Women are the Key to Hispanic Buying Power
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As Hispanics continue to thrive—in education, career, resources, representation—their access to capital and buying power will increase accordingly, and their purchases will have a significant impact on the economy, not the least of which will be the purchase of a home. It is crucial to learn the best ways to serve Hispanic homebuyers, not only to help them make the best purchases, but to ensure their growth is encouraged and safeguarded rather than delayed or prevented altogether.

According to the Pew Research Center, as of 2015, there were 57 million Hispanics in the United States, accounting for 18 percent of the entire U.S. population; this is a grand increase from 1980 when this group comprised 6.5 percent of the population. In their 2014 population predictions, the Census Bureau estimates that the Hispanic population will more than double by 2060 to 119 million.

NAHREP’s 2015 State of Hispanic Homeownership report shows that in 2015, Hispanic households grew by 245,000, 69 percent of total U.S. household growth. The study articulates, “For the first time in 10 years, the Hispanic homeownership rate spiked upward while overall homeownership rates in the country continued a downward trend.” The report goes on to reveal that between 2000 and 2015, Hispanics were responsible for 66 percent of American labor force growth; in February 2016, the rate of Hispanic unemployment was 5.4 percent, down 7.7 percentage points since August 2009; in 2014 the poverty rate for Hispanics fell to 23.7 percent; and in the same year, the median Hispanic household income rose 7.3 percent to $42,492.

When coupled with a purchasing power of $1.5 trillion, projected to increase and account for 10.6 percent of total U.S. buying power by 2019, according to the Selig Center for Economic Growth, the potential impact of Hispanics on the housing sector is tremendous.

Education
Education has always been a critical tool to successfully navigate the American workforce and amass the means to become a homeowner; it has only grown in importance, as it is often no longer a question of getting an education, but of what level degree to achieve.

The National Center for Educational Statistics (NCES) reports that the rate of Hispanic high school graduation reached 76.3 percent in 2014, the highest in 31 years. NCES also confirms that the number of Hispanics ages 18 to 24 attending two- or four-year colleges has more than tripled since 1993. Additionally, according to the Pew Research Center, Hispanics who attained less than a ninth grade education decreased from 40.2 to 21 percent between 1980 and 2013.

The Pew Research Center also confirms that Asian-Americans are the population with the highest percentage of bachelor degree-educated or higher people with 51.5 percent, a figure that was 34.2 in 1980 and has improved steadily since. This upward trajectory is mirrored in the homeownership rates of Asian-Americans, which rose from 52.3 percent in 1980 to 59 in 2014, according to AREAA’S State of Asia America 2015 study. Receiving an education doesn’t guarantee homeownership, we cannot establish a cause-and-effect relationship, but it is very valuable. As Hispanics achieve higher levels of education they will situate themselves in increasingly favorable positions to accumulate the necessary means and resources to become homeowners, and homeownership in the Hispanic community will increase.

Capitalizing
With the potential they possess, the Hispanic population is of great importance to the real estate industry; Hispanic buying activity means millions of dollars in business, millions of homes being sold and an abundant client base. In order to ensure their growth is reinforced through homeownership, and their business is capitalized on, it is important to learn how to best serve Hispanics.

A recent report, the Better Homes and Gardens Real Estate & NAHREP Hispanic Women Survey, sheds light on the secret to unlocking the Hispanics’ purchasing power: women.

The study found:

  • 91 percent of women surveyed believe that buying a home is the soundest investment they can make
  • 66 percent of women surveyed, and 84 percent of non-homeowner millennials surveyed, believe they will be capable of purchasing a home in their lifetime
  • 61 percent think they will make most of the decisions in their next home buying process
  • Half of survey participants expect to remain in their current homes for five years or less before buying their next home
  • On average, the women surveyed stated that they are responsible for 69 percent of household purchases over $100, and one-third of them reported being responsible for all of these purchases
  • 61 percent of respondents don’t think it’s important for their real estate agent to speak Spanish, but, of the participants currently searching for a home, 48 percent prefer a Spanish-speaking agent
  • 73 percent of women surveyed prefer working with a female real estate agent over a male

Providing utmost service to your client is the top priority, and agents must take into account what clients prefer from the start. Great service is crucial, sometimes receiving it from the right person makes a world of difference for consumers. As Hispanics progress in education and in the workforce, they will become equipped to purchase homes, and just as important as being able to buy a home is their desire to do so. The business, buying activity and opportunity is there, and as population estimates predict, it’s here to stay. For professionals hoping to do business with these potential homebuyers, learning the best ways of serving Hispanic women is the key.

Source: www.nawrb.com

Taking Pride In America’s LGBT Economy
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Money talks. And now, more than ever, the private sector is listening to the collective voice of the LGBT community. In many ways, our dollar is as strong as our votes at the ballot box.

We have fought hard to secure our rights in the name of equality, but our true equity and ability to bring about change for our community lies with our economic power. Our buying power and impact on the nation’s gross domestic product have given us tremendous leverage to advance political advocacy and global human rights.

As is true with our social visibility, our economic visibility is essential in building a diverse and inclusive society — and the power of the LGBT dollar is becoming more and more visible every day.

That was the impetus for the formation of the National LGBT Chamber of Commerce nearly 20 years ago. In 2002, we realized no one had truly considered the economic equality of LGBT people or the impact economics could have on the equality movement. With over 1.4 million LGBT business owners (and growing) behind us, we have seen the LGBT community earn its place at the table of economic opportunity. And it’s not just the Fortune 500 who are actively marketing to, partnering with, and procuring from the LGBT business community. Thanks to NGLCC’s public policy leadership, over thirty state, county, and local governments are welcoming our community’s businesses as an essential part of an equitable COVID-19 recovery.

Two decades ago, slapping a rainbow on a liquor bottle for one month of the year was enough for a brand to consider themselves “gay-friendly.” Findings from LGBT economic experts, however, have taught corporations the value of LGBT brand loyalty. More than 75 percent of LGBT adults and their friends, family, and relatives say they would switch to brands that are known to be LGBT friendly. In 2017 alone, the LGBT consumer buying power was over $917 billion. But we are so much more than just consumers.

If the total contributed value of the estimated 1.4 million American LGBT business owners is considered, our input to the economy is over $1.7 trillion. That would make LGBT Americans the 10th largest economy in the world.

Furthermore, our community’s businesses grow larger and last longer than others in the United States. On average, American small businesses fail around the five-year mark, but NGLCC’s certified LGBT-owned business enterprises average over twice that, with at least 12 years in business.

These LGBT-owned businesses are also powerful job creators: 900 LGBT-owned companies we studied created an estimated 33,000 jobs. LGBT entrepreneurs are committed to hiring greater numbers of LGBT employees and ensuring their own supply chains are as diverse as possible. Business leaders in our community continually redefine industries and shatter stereotypes. From technology firms to local restaurants and retail shops, we are proving every day that if you buy it, an LGBT-owned business can supply it.

When you look at a price tag, look for an indication that the company is an LGBT-inclusive corporation or an NGLCC Certified Business Enterprise. It has never been easier to go online or check with your local LGBT chamber of commerce to make sure you support the brands that have our community’s back. If you are an LGBT business owner and not yet certified as one, you’re leaving opportunities on the table to help your business and be counted as part of our LGBT global economy. You could join our ranks as a role model, job creator, and future LGBT business success story.

When it comes to diverse communities — LGBT people, women, people of color, people with disabilities, and more — we must stand in solidarity as a business force. We have never seen greater cooperation and solidarity than we have in recent months. And a great deal of that is due to the recognition that LGBT people are also part of every other community.

Use the LGBT community’s trillion-dollar clout to make a difference. Support your community when you shop, seek out LGBT-owned businesses when you invest and stand by those who stand with us. The LGBT community is an economic force to be reckoned with — and every one of us plays a part in it.

Read the report at Nglcc.org/report.


JUSTIN NELSON and CHANCE MITCHELL are cofounders of the National LGBT Chamber of Commerce (NGLCC). NGLCC is the business voice of the LGBT community, the largest global advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people, and the exclusive certifying body for LGBT-owned businesses. www.nglcc.org @nglcc

‘Investing Latina’ Founder Jully-Alma Taveras Reveals the Best Investing Moves She’s Made
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Investing Latina Founder Jully-Alma Taveras pictures in front of a brown backgrop while wearing a black blazer

By Gabrielle Olya, Yahoo! Finance

Jully-Alma Taveras is the founder of Investing Latina, an educational online community with over 40,000 members. She is an award-winning bilingual money expert, writer, YouTuber, speaker and educator who covers topics around personal finance, investing and entrepreneurship.

Recognized by GOBankingRates as one of Money’s Most Influential, here she shares the best investing moves she’s made, why consistency is key when it comes to investing for the long-term and how to get started if you’re new to investing.

Recognized by GOBankingRates as one of Money’s Most Influential, here she shares the best investing moves she’s made, why consistency is key when it comes to investing for the long-term and how to get started if you’re new to investing.

What advice would you give your younger self about investing?
I would tell myself, “Hey, start researching all the companies you already buy from — Amazon, Apple, Nike — and consider investing into them!”

What is the best thing you did to boost your own portfolio?
I moved away from managed funds to index funds. This is helping me save so much money in fees.

When it comes to investing for the long-term, what should people focus on?
I would tell people to focus on how much they are investing and their plan to increase the amount. You can always make adjustments to your assets in your portfolio, but building it up takes time and it takes a plan of action. You have to be consistent.

What is the biggest mistake people make when it comes to investing?
Not getting started sooner. People hold off because they are intimidated or don’t understand it. But the reality is that a two-hour workshop like the one I host is all the time you need to dedicate to education to get started. I make it simple and clear so that people can start learning and earning through compounding interest.

Click here to read the full article on Yahoo! Finance

The City of Austin’s RENT Assistance program
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RENT assistance program flyer with picture of nurses and doctors wearing masks

The program is available for low-income Austin residents who have been financially impacted by COVID-19 and are struggling to pay their rent. 2020 has been challenging for everyone and the City of Austin has expanded its RENT Assistance program making it easier for eligible candidates to apply.

The RENT assistance program will pay up to 12-15 months of rent for eligible Austin renters and may cover the following:

Future rent payments will be provided three months at a time and families will be requalified every three months after that. If the government pays for a portion of your rent, the program can pay the additional portions not covered by the government subsidy.

Residents may be eligible if they earn 80% or less than the average household income. If residents were assisted last year, they are still eligible for this new program and can help cover rents that are still due from April 2020 through December 2021.

For example, a mother with two children who lives in Austin’s Rosewood neighborhood who made $54,500 a year but has lost her job due to the pandemic should apply for RENT assistance. She is currently unable to pay her landlord and may lose her apartment. She can visit http://AustinTexas.gov/RENT and submit her application.

Another example includes a couple living in Austin’s Riverside neighborhood. They made a combined $62,500 and renewed their lease, but due to the pandemic one of them lost their job and they are now struggling to make future rent payments. They will qualify for RENT assistance.

The RENT Assistance Program has established a priority point system to ensure those in greatest need are considered first.

Renters in the first priority group will receive 3 points and will be considered first. That includes Renters need to meet two criteria: the renter must qualify for unemployment for at least 90 consecutive days before application and have zero or extremely low income (at or less than 30% of the area median income).

Renters in the 2nd priority group will receive 2 points and will be considered after the 1st group. This includes renters who qualify for two criteria: renters who qualify for unemployment for at least 90 consecutive days before application, and have low income (between 30% and 50% of the area median income).

Renters in the 3rd group will receive one point and will be considered after the 2nd group. These renters only have to meet one of the following criteria:

  • Renters who qualify for unemployment for at least 90 consecutive days before application
  • Low income renters (at or less than 50% of the area median income)
  • Renters who have experienced homelessness in the last 3 years
  • Renters who applied for the RENT Assistance program between August 2020 – December 2020 and did not receive rent help (this does not include inactive applications and applications that were denied.)

All other applications will be considered after those in the 3rd group.

With an easier application process, candidates do not need to submit documents with their application but will be requested if they are selected. Documents that will be needed include:

  • A Self-Certification form stating residents have been financially impacted by COVID-19. The form will be sent electronically requesting an e-signature.
  • Proof of current monthly income for all household members.
  • Proof that residents are at risk of experiencing homelessness or that housing is unstable, which may include past due rent or eviction notice.
  • Current lease showing address, name of the leaseholder, amount of monthly rent, and when the lease expires. The lease must be signed by both the resident(s) and the landlord.
  • A government-issued photo ID for the head of household. For example, a driver’s license, passport, or other photo ID.

A social security number and legal status are not required for this application. Eligible applicants will be randomly selected, and if the application is selected, the RENT Assistance program will contact the landlord and pay rent directly.

To learn more and apply please visit http://austintexas.gov/RENT. The portal will remain open through September 2021 or until all available funds have been committed.

Latinas earn $0.55 for every dollar paid to White men, a pay gap that has barely moved in 30 years
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Hispanic woman working on a tablet in a bright warehouse

By Courtney Connley, CNBC

This year, Latina Equal Pay Day falls on Oct. 29, marking how far into the new year Latinas have to work to earn the same pay white, non-Hispanic men earned the previous year.

When translated into a dollar amount, Latinas today earn, on average, just $0.55 for every dollar earned by White men, leaving them with a pay gap that surpasses that of women in all other racial groups. Over the course of a 40-year career, it’s estimated that Latinas stand to lose $1,163,920 due to the wage gap, according to data from the National Women’s Law Center (NWLC). Assuming that a Latina and her White male counterpart both start working at age 20, NWLC estimates that due to this wage gap a Latina will have to work until she’s 92 to earn what her While male peer earned by 60.

The ongoing pay disparity that Latinas face is one that has barely budged within the last 30 years, according to NWLC. In 1989, Latinas were paid just $0.52 for every dollar paid to White men. This means, that the Latina pay gap has only narrowed by a penny every decade since.

“I think there’s a lot of performative wokeness happening,” Jasmine Tucker, NWLC’s director of research, tells CNBC Make It about the Latina pay gap and why it’s barely improved over the last 30 years. “I think people are saying they care about this issue, but they’re not actually taking steps to address this issue.”

She says that while more companies are publishing reports to try and prove that they pay people in the same job fairly, it’s important to examine who these companies are hiring and what positions they’re hiring certain people for.

“I feel like there’s a lot of gaming the system in that way,” Tucker adds. ”[Companies] are like, ‘Oh well, we’re paying them the minimum wage. We’re paying them a living wage.’” But, she says, “when you’re doing the bare minimum, and then you’re also faster promoting White men into C-suite positions” then you’re not really making progress.

Today, for every 100 men promoted to manager, just 71 Latinas are promoted at the same rate, according to Lean In and McKinsey & Company’s 2020 “Women in the Workplace” report. The study describes this inequity as “the broken rung,” in which Latinas face barriers around sexism and racism that often block them from being promoted to manager.

Tucker explains that the longstanding pay disparities Latinas face have only been exacerbated by the Covid-19 crisis, with nearly three in 10 Latinas working a front-line job today, but still being underpaid for their work.

For example, Latinas make up just 7% of the overall workforce, but they account for 22% of child-care workers. On average, Latinas working full-time, year-round in child care earn just $0.88 for every dollar earned by White men in the same occupation, according to NWLC. Similarly, Latinas working as cashiers and retail salespeople earn just $0.76 for every dollar paid to a White man in the same role, and Latinas working as janitors, maids and housekeepers earn just $0.61 for every dollar paid to a White man in the same role.

“We’re depending on their labor like never before, but we’re not paying them what we owe them,” says Tucker, while adding that many of the jobs Latinas are overrepresented in are also jobs that have experienced major layoffs during the pandemic. In September, nearly one in nine Latinas were unemployed. But Tucker argues that this number is likely higher when you account for the thousands of women who’ve been forced to leave the labor force because of the overwhelming demands to work, teach and parent at the same time.

“I think there’s really a lot of suffering happening here because Latinas were already struggling to make ends meet before this crisis,” Tucker says. She adds that “if they had the [financial] cushion that some of their White male peers had,” then they would be in a much better position to weather the storms of today’s economy.

Click here to read the full article on CNBC.

3 Investing Myths That Could Hurt Your Chances of Getting Rich
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We believe investing is a great way to build your wealth and help your money work for you. But buying into misinformation could cause you to make bad choices as an investor.

Here are three investing myths we think you should steer clear of at all costs.

  1. You shouldn’t start to invest until you have a lot of money

You may be under the impression that you need thousands of dollars to buy stocks or open a brokerage account. This isn’t true. Many accounts don’t impose minimums, so you can invest with as little as $100 if that’s all you have. Some individual stocks may be out of reach if you’re low on funds, but it’s easier than ever to buy fractional shares, which give you the option of buying a piece of a share of stock.

Prior to investing, we recommend you have a solid emergency fund with three to six months’ worth of living expenses tucked away in a savings account. Once you’re all set in that regard, there’s no need to put off investing just because you might feel limited financially.

  1. You should unload stocks when the market goes down

Your goal as an investor should be to make money. When stock values fluctuate, it’s natural to panic. But if you sell stocks when their value is down, you may guarantee losses in your portfolio. If you sit tight and wait for the stock market to recover—which it has a strong history of doing—then you might not encounter losses at all.

There is one exception—if you have one or two specific stocks in your portfolio that have been doing poorly, it could pay in the long-term to unload them at a loss. Then you can put your freed-up money into stocks with more growth potential. Otherwise, patience pays off, so leave your stocks alone when there is a market turndown.

  1. It’s impossible to beat the market on your own

There’s a reason so many people pay hefty fees to invest in actively managed mutual funds. Some of those funds do a great job of outperforming the broader market and delivering solid returns. After all, they’re run by professionals who get paid to pick stocks for a living.

But… if your goal is to beat the market, you don’t have to pay someone else to do it for you. With the right strategy and research, you have the potential to beat the market on your own.

You’re more likely to beat the market if you focus on stocks with strong growth potential, assemble a diverse investment mix, and hold your stocks for a long time.

But how do you identify stocks with strong growth potential?

We here at The Motley Fool have you covered. Our flagship investing service, Stock Advisor, provides members with two curated stock picks a month chosen by our founders. These seasoned investors have led members to stocks which have had incredible returns, including:

  • Amazon (up 21,252% since our first recommendation in 2002)
  • Netflix (up 29,954% since our first recommendation in 2003)
  • Nvidia (up 3,865% since our first recommendation in 2017)

But we don’t need to pick-and-choose from their recommendations—their average return is 895%, which is more than 5X the returns of the S&P 500!

But that’s not all.

Click the link and sign up, and you’ll get access to our report, “5 Stocks Under $50” absolutely free. It’s a report detailing 5 of our top stock picks under $50 and it’s our gift to you. Just enter your email address below, and we’ll send it right to your inbox. It’s time to start taking control of your investments.

You don’t need to be a seasoned investor with lots of money to do well in the stock market. You just need to commit to the right strategy and practice the art of keeping a clear head when things go south. Most importantly, don’t believe the above myths. They could stand in the way of meeting your goals and building the wealth you deserve.

JPMorgan Chase Commits $30 Billion to Advance Racial Equity
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Diverse Equality Gender Innovation Management Concept

Today, JPMorgan Chase announced new long-term commitments to advance racial equity. The firm will harness its expertise in business, policy and philanthropy and commit an additional $30 billion over the next five years to provide economic opportunity to underserved communities, especially the Black and Latinx communities.

Structural barriers in the U.S. have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. The existing racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy. Building on the firm’s existing investments, this new commitment will drive an inclusive economic recovery, support employees and break down barriers of systemic racism.

“Systemic racism is a tragic part of America’s history,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people. It’s long past time that society addresses racial inequities in a more tangible, meaningful way.”

Over the next five years, the firm expects these new commitments, which include loans, equity and direct funding, to:

I. Promote and Expand Affordable Housing and Homeownership for Underserved Communities

A. Originate an additional 40,000 home purchase loans for Black and Latinx households. To do this, the firm is committing $8 billion in mortgages. Efforts include:

  • Improving key home lending products and offerings, including substantially increasing the Chase Homebuyer Grant in underserved communities.

B. Help an additional 20,000 Black and Latinx households achieve lower mortgage payments through refinancing loans. To do this, the firm is committing up to $4 billion in refinancing loans.

C. Finance an additional 100,000 affordable rental units. To do this, the firm will provide $14 billion in new loans, equity investments and other efforts to expand affordable housing in underserved communities. Efforts include:

  • Investing additional capital in vital community institutions and increasing funding for the construction and rehabilitation of affordable housing for low and moderate-income households nationwide.

II. Grow Black- and Latinx-owned Businesses

A. Provide an additional 15,000 loans to small businesses in majority-Black and -Latinx communities. To do this, the firm will deliver $2 billion in loans. Efforts include:

  • Launching a new program designed to help entrepreneurs in historically underserved areas access coaching, technical assistance and capital.
  • Accelerating a digital lending product to better support the needs of small Black- and Latinx-owned businesses seeking quick access to capital.

B. Spend an additional $750 million with Black and Latinx suppliers.

III. Improve Financial Health and Access to Banking in Black and Latinx Communities

A. Help one million people open low-cost checking or savings accounts. To do this, the firm commits to hiring 150 new community managers, opening new Community Center branches in underserved communities and materially increasing marketing spend to reach more customers who are currently underserved, unbanked or underbanked. Other efforts include:

  • Continuing to open 100 new branches in low-to-moderate income communities across the country as part of the firm’s market expansion initiative.
  • Building awareness and trust in Chase Secure Banking to meet the needs of Black and Latinx unbanked and underbanked households and expand access to traditional banking.

B. Invest up to $50 million in the form of capital and deposits in Black and Latinx-led Minority Depository Institutions (MDI) and Community Development Financial Institutions (CDFI), and continue to mentor and advise select MDIs and CDFIs to help them achieve future success.

IV. Accelerate Investment in our Employees and Build a More Diverse and Inclusive Workforce

A. Continuing to build a more equitable and representative workforce and hold executives accountable by incorporating priorities and progress into year-end performance evaluations and compensation decisions for members of the Operating Committee and their direct reports.

B. Providing financial coaching services to the firm’s U.S. employees.

The firm will also provide $2 billion in philanthropic capital over the next five years to drive an inclusive economic recovery and support Black, Latinx and other underserved communities. This extends and increases the firm’s current five-year $1.75 billion philanthropic commitment made in 2018. It will also include an emphasis on supporting Black- and Latinx-led organizations.

A fact sheet detailing JPMorgan Chase’s new commitments is available here.

Holding Ourselves Accountable

Measuring impact and ensuring accountability is central to these new commitments. Progress will be tracked regularly and shared with senior leadership across the firm, as well as externally with the Chase Advisory Panel, to assess performance and hold the business accountable. These efforts will further allow for maximum impact and bring an enhanced equity lens to the firm’s business.

Comments on the Importance of Advancing Racial Equity

“We have a responsibility to intentionally drive economic inclusion for people that have been left behind,” said Brian Lamb, Global Head of Diversity and Inclusion, JPMorgan Chase.The COVID-19 crisis has exacerbated long-standing inequities for Black and Latinx people around the world. We are using this catalytic moment to create change and economic opportunities that enhance racial equity for Black and Latinx communities.”

“To ensure the Latino community can thrive, we must work together to break down persistent obstacles to opportunity created by systemic racism,” said Janet Murguía, President and CEO, UnidosUS. “JPMorgan Chase’s new commitments will help ensure that the American dream is accessible to more Latinos today, create a multiplier effect through generations, and lead to a stronger country with greater shared prosperity.”

“America’s racial wealth gap has been a persistent injustice, and it can no longer be tolerated as business as usual,” said Marc Morial, President and CEO, National Urban League. “I am heartened to see JPMorgan’s specific, measurable commitments that we believe will address decades of systemic racism toward Black communities – and will bolster the wellbeing of families across the country, as well as our collective economy. We are proud to work alongside JPMorgan Chase to make these changes and help craft conditions for lasting racial equity.”

“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.”

“This moment requires leaders and their institutions to shake off the husks of complacency and to stand in transformative solidarity with the more than 100 million in America who face the burdens of a democracy and economy that does not yet allow them to participate, prosper, and reach their full potential,” said Dr. Michael McAfee, President and CEO, PolicyLink. “JPMorgan Chase is beginning the journey to answer this call. It’s targeted investments in black and brown communities, and its leadership advancing public policy that ensures all people in America participate in a just society, live in a healthy community of opportunity, and prosper in an equitable economy is the type of creative spark that will usher in America’s renewal.



About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Andrea Garcia: Breaking the Gender Barrier to Accounting Success
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A headshot of Andrea Garcia

By Mary Marshall

The sun-drenched skies, sculpted rock formations and Saguaro cactus of the high desert are part of the landscape that Andrea Garcia calls home. Garcia, a native of Phoenix, Arizona, is proud of her Hispanic heritage and feels fortunate to be able to crossover the language barrier from English to Spanish and collaborate in two languages as a bilingual accountant.

“So many people within the Hispanic community appreciate someone who can speak Spanish in everyday business interactions,” said Garcia. “Especially when it comes to tax accounting. It truly makes everyone feel comfortable and at home when you can convey the message in their own language.”

Garcia, an entrepreneur and founder of her own accounting firm AG Tax and Accounting as well as an accountant with Nahrwold Associates in Phoenix, received a wealth of opportunity that opened many doors for her as a Hispanic woman in a male-dominated profession like accounting.


“I landed a part-time administrative job with Nahrwold Associates, a small accounting firm, while still in college,” reminisced Garcia, 27. “The owner, Allen Nahrwold, noted my interest in business and finance. He became my mentor in the field of tax accounting. Many employees were part-time college students, such as me, who left the firm and moved on to other jobs. I ultimately stayed and learned the accounting business from the ground up. I have never found that being a woman or Hispanic has been an issue – if anything it has been an asset since I speak Spanish as well as English. That is an area where many young Hispanic women could find themselves in a career, and truly excel rapidly by being able to speak both languages.”

Now into several months of being a business owner, Garcia has discovered the freedom of creating her own business identity while remaining a Nahrwold employee.

“This is the best of both worlds,” said Garcia, “being able to work for myself and Nahrwold. I am building a great network based off referrals and additional business contacts provided by Nahrwold. It is amazing how the clients and referrals come when people discover you are starting a new business.”

When contemplating college following high school graduation, Garcia’s exemplary grades led to a wealth of scholarship opportunities including several that she received from the Accounting and Financial Women’s Alliance (AFWA), an educational and professional association for women in the field of finance and accounting, headquartered in Lexington, Kentucky. Garcia has since completed a master’s degree in accounting and plans to complete the two phases of the CPA exam by the end of the year.

“The AFWA scholarships were so beneficial to my college success,” said Garcia. “The whole organization has been a wonderful education and networking experience. I joined our local AFWA chapter (East Mesa and Phoenix Chapters) shortly after finishing college. Now I am the president of East Mesa and enjoying every minute of it. It is a great way to network, make friends in your profession, create revenue streams, and get involved in the community. I have also served for several years on the national AFWA Board of Directors, and that has been a wonderful experience.”

Garcia’s advice to young women interested in pursuing a profession as an accountant or in the field finance includes becoming an intern for valuable experience and finding a mentor to guide you down the career path of choice. She also believes that it is important to join a professional organization while still attending college, like the AFWA, that offers a student membership and scholarship opportunities.

“Working as an intern in a position is a wonderful chance to discover if accounting or finance is the career path you want to follow,” said Garcia. “It is even more beneficial to find a mentor to help you learn the ropes and give you advice along the way, help develop skills, and create your business acumen. It is also important to join a professional organization, like the AFWA, to develop soft skills, networking, and leadership skills. Women are underrepresented in the field of finance and accounting. There are so many opportunities available it just takes making yourself aware, willing to step out of your comfort zone and into a role where you can learn, lead, excel and grow in your business and interpersonal skills.”

See the Best Cities to Live In for LGBTQ+ People
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A girl jumping in the air in a field, holding a LGBT pride flag

Whether it’s time to start a new career opportunity, find a place to retire, or change up your current environment, finding the right place to move to can be difficult. For LGBTQ+ people, this can be especially difficult, as there are still many areas that are not as progressive and accepting of the LGBTQ+ community as others.

Many of the big cities that are known to embrace the community, such as San Francisco and New York City, are great options, but are not at the pace that all people are looking for when it comes to settling down. Here is a list some of the best progressive and LGBTQ+ cities to live in, which you may not have considered yet.

Portland, Oregon

Gaining recent popularity, Portland has fast become a place of diversity and culture. The city is known for its great weather, growing college community, hipster businesses and the delight of having no state income tax. But most importantly, Oregon was voted as one of the United States’ most LGBTQ+ friendly cities by the Human Rights Campaign, achieving low rates of hate crimes and discrimination and high rates of safety, acceptance and relationship recognition.

Orlando, Florida

Not only is Orlando the home to a tremendous amount of activities, mainly being a tourist town, but has become the home to many progressive neighborhoods and a well-established gay community. The town maintains the same level of “things to do” as bigger cities, but also has low taxes and has a lower cost of living, making it a more intriguing place to settle.

Bloomington, Indiana

Bloomington is an especially unique city for the LGBTQ+ community. Being a more relaxed town, Bloomington has many recreational opportunities from exploring Brown County State Park in the beautiful Indiana weather to engaging with the cultural life created by the presence of Bloomington’s Indiana University. Best of all, Bloomington received a perfect score on Municipal Equality Index, meaning that they have some of the most inclusive policies and laws for LGBTQ+ people.

Yellow Springs, Ohio

Yellow Springs is another progressive, nature driven town, known for its progressive behavior since the 1960s. Although it is a small town, Yellow Springs has an intriguing downtown area where visitors can come enjoy an array of artistic galleries and publicly supportive of the LGBTQ+ shops. This is also the perfect destination for people who cold weather, as Ohio is known to get into low temperatures and receive quite a bit of snow.

Moab, Utah

Though small in size, Moab has served as one of the most supportive and engaging LGBTQ+ communities in recent years. Moab has its own Pride Parade, Visibility March, and Gay Adventure Week, all of which are quite popular among the town’s 5000-person population. The little town is more of an isolated destination about over 200 miles from Salt Lake City, but it is an outdoor lover’s paradise as it is close to the natural park and ideal for white water rafting.

Studies Show 1 in 4 Americans are Seeking Type of Advisor During the Pandemic
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woman's hand pictured holding pen and calculator

While health concerns continue to be top of mind surrounding the COVID-19 pandemic, other aspects of day-to-day life contribute to the anxieties due to these uncertain times. One significant additional concern is the future of financial sustainability.

To truly understand the concerns of the public, Nationwide surveyed over 2,000 Americans, including 600 investors, to see how the pandemic has changed their financial concerns. John Carter, the president and COO of Nationwide, stated of the survey, “People are struggling, they are making sacrifices, and we firmly believe that their health and safety should be everyone’s top priority right now. We are also committed to helping Americans protect their financial health for the long term. Our latest research identifies areas where they are challenged and looking for guidance.”

According to Nationwide’s study, 70% of respondents testified to feeling either cautious or uncertain for the future of their personal finances, including 69% of the surveyed investors. This data doesn’t come as a surprise to Nationwide’s additional data that stated nearly 1 in 4 of those surveyed testified to having reached out to a financial advisor for the first time because of the pandemic, including 26% of the investors asked. Only 31% of all surveyed had previously used a financial advisor, with only 58% of the investor subset being included in that tally.

Financial concerns among those who responded to the survey stated their two biggest concerns over the effects of the virus were the inability to pay bills and the fear of losing their life savings. Other concerns included the fear of losing their jobs, affording healthcare, and not being able to retire.

Kristi Rodriguez, the leader of the Nationwide Retirement Institute, stated, “Americans feel a lack of control and a need for more guidance. Even if they do all the right things to manage their finances and investments, the vast majority of Americans, including 80% of all respondents and 85% of investors, agree they can still be blindsided by outside events.”

But just because there are fears surrounding finances during this time, that doesn’t mean that all hope is lost. Nationwide is dedicated to helping those concerned with their financial situation through their various resources. To find out more about what Nationwide has to offer and see more of the survey’s results, check out Nationwide’s full press release here

5 Ways to Keep Your Finances in Check When Between Jobs
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Close-up of woman's hand typing on the keyboard while sitting at desk

Ashaunda Davis, Financial Advisor with Northwestern Mutual

It’s likely at some point in time you will find yourself between jobs. Whether you were laid off or you willingly left your previous job, this is not an easy time for anyone. But know you are not alone – about four percent of the U.S. population is unemployed at any time, according to the Bureau of Labor Statics.

While you are gainfully employed, prepare for the unexpected. My mother always said, “There is nothing new under the sun, so be prepared when life throws you a curve ball.” Control what you can during employment including your mindset, spending and savings while keeping your resume updated.

When you find yourself between jobs, this period may be overwhelming. You can minimize and prevent future stress by following these recommendations I offer my clients.

1. Create a spending plan and stick to it
Spend some time figuring out how long you can go without an income by taking a look at where your finances currently stand. Budget monthly bills that you cannot forego like rent or a mortgage, utilities and car payments. Then, set a weekly allowance for necessities like groceries and gas, and stick to it.

2. Identify expenses you can cut
Separating wants from needs can help make sticking to a budget possible. Try cutting out luxury expenses like daily coffee runs, eating out and monthly subscriptions. Buying generic products, using coupons and rethinking how you spend time with friends and family can also help eliminate expenses. Although it’s important to maintain a social life and continue to do the things you enjoy, staying frugal now can help avoid putting yourself in debt.

3. Apply for unemployment
While filing for unemployment can be time consuming and tricky, unemployment checks can help make the time between jobs less stressful. If you were fired from your previous job under circumstances that were beyond your control, like a layoff, and you meet the state’s requirements for time worked, then you may be eligible to file for unemployment. Requirements vary from state to state, so be sure to check your state’s Department of Workforce website for all information.

4. Manage your own health insurance
Private health care plans can be expensive, but it’s important to be covered at all times because unexpected hospital visits are even more pricey than paying a monthly premium. Before leaving your job, talk to the HR department about how long you will be covered under your current health insurance plan. Some companies offer a grace period to allow time to find a new plan. If you have a spouse, look into joining his or her plan. Or, consider enrolling in the Affordable Care Act platform. Some states offer a special enrollment period for situations like this, so you don’t have to worry about waiting until the health insurance marketplace opens at the end of the year.

5. Consider a part-time job
Two words: side hustle. Do you have a talent or interest you have wanted to practice, but didn’t have time before? Now is a perfect time to freelance, work a part-time job in retail or sell your artwork or vintage cloths online. Not only can a part-time job provide a sense of purpose during the transition, but the extra cash will help prevent draining your bank account.

Air Force Civilian Service

Air Force Civilian Service

Upcoming Events

  1. City Career Fair
    January 19, 2022 - November 4, 2022
  2. From Day One
    February 9, 2022
  3. The Small Business Expo–Multiple Event Dates
    February 17, 2022 - December 1, 2022
  4. From Day One
    February 22, 2022
  5. Prospanica 2022 Leadership Summit
    March 10, 2022 - March 12, 2022
  6. 2022 Prospanica Leadership Summit
    March 10, 2022 - March 12, 2022
  7. CSUN Center on Disabilities 2022 Conference
    March 13, 2022 - March 18, 2022
  8. HACR 2022 Latina Empow(h)er Summit ™
    March 21, 2022 - March 23, 2022
  9. UNIDOS US Changemakers Summit & Capital Awards
    March 28, 2022 - March 30, 2022
  10. From Day One
    March 29, 2022