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Go beyond financial literacy"Gone are the days that we can hide behind the illusion that more financial literacy is enough," says Rahkim Sabree, AFC, financial therapist and counselor. Currently, 25 states require financial literacy education for students; however, rarely, if ever, does financial literacy address larger systemic issues that exist. Black students owe an average of 188% more than what white students borrowed by the fourth year after graduation. One 2016 study found that if current trends continue, closing the wealth gap would take more than 200 years. AdvertisementYounger Black Americans have now become the fastest-growing demographic of new investors in the stock market.
Persons: , Martin Luther King, Jr, Moritz Kuhn, Moritz Schularick, Ulrike I, Rahkim Sabree, We've, Kristin Afelumo, Lazetta Rainey Braxton, Braxton Organizations: Service, Business, Federal Reserve Bank of Minneapolis, Black, National Bureau of Economic Research, Economic Policy Institute, AFC, Bureau of Labor Statistics, Netflix, Lazetta, Associates Locations: America, Evanston , Illinois, Black
How to Deal With Financial Trauma
  + stars: | 2023-07-05 | by ( Juli Fraga | ) www.nytimes.com   time to read: +1 min
Rahkim Sabree owns a home in Hartford, Conn., invests and has money in savings. “I get very anxious when I have to spend money,” Mr. Sabree, a 33-year-old financial coach and consultant, said. During his teenage years, Mr. Sabree, who is Black, lived with his family in subsidized housing and paid for groceries with food stamps. Seeing an eviction notice on the door was embarrassing, Mr. Sabree recalled. Feeling in control of his money brings peace, Mr. Sabree said.
Persons: Rahkim Sabree, isn’t, ” Mr, Sabree, Locations: Hartford, Conn,
Quiet quitting can mean doing your job without caring much about it. Rage quitting involves leaving suddenly after frustrations have built up. "Quitting" has taken on many new (and confusing, if you're over 30 like I am) connotations, including quiet quitting, rage quitting, and good old-fashioned leaving to pursue another opportunity. Below you'll find the case for quiet quitting, rage quitting, and finding a new job. Consider rage quitting if … your job is hurting your mental healthIt's considered professional to give your employer at least some notice before you leave.
Many of us felt a kinship as we discussed quiet quitting. But quiet quitting isn't a new phenomenon, particularly for workers from marginalized backgrounds. In fact, diversity advocates say the idea of quiet quitting is gaining momentum in part because white workers are making noise about it. Navigating the boundaries of quiet quitting and what could be deemed as not doing their jobs can be trickier for them. Sacha ThompsonSacha Thompson: '5 o'clock came and I shut down'For Sacha Thompson, quiet quitting was a means of dealing with toxic cultures and colleagues who disrespected her.
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