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Top related persons:
Wole Coaxum - 2 It's - 2 — - 2 Sean Gladwell - 1 Joe Lugo - 1 Lugo - 1 that's - 1 Darrin Williams - 1
Top related locs:
Clearwater , Florida U.S Irvine , California Florida Lugo Pinellas County Philadelphia Pennsylvania
Top related orgs:
Service - 2 Federal Reserve - 1 Southern Bancorp - 1 Inc - 1 Finance - 1 Sun - 1 Wealth Partners - 1 CNBC - 1

Search resuls for: "Coaxum"


4 mentions found


☆ 23% of low-income Americans are living without a bank account
  + stars: | 2024-08-02 | by ( Genna Contino | ) www.cnbc.com   time to read: +5 min
"When they don't see a financial institution or a bank, [they] tend to say, 'There's no avenue for me this way. Of 18- to 29-year-olds, 11% are living without a bank account, compared to 9% of 30- to 44-year-olds, 5% of 45- to 59-year-olds and 2% of people 60 and older, according to the Federal Reserve. People without bank accounts might also turn to check cashing services or consider payday loans, especially if they're the only brick-and-mortar financial services in their neighborhood. The Community Financial Services Association of America, which represents payday lenders, did not respond to a request for comment. "They're going out into the community, they're promoting their services into the community, they're creating programs specifically for the community," he said.
Persons: Sean Gladwell, Wole Coaxum, Joe Lugo, Lugo, that's, Darrin Williams, Williams, Harris, Winnie Sun, It's, Sun, Preston Duppins, Duppins, They're Organizations: Federal Reserve, Southern Bancorp, Inc, Finance, Sun, Wealth Partners, CNBC, Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, American Fintech Council, Wealth Management, Community Financial Services Association of America, Chamber, Commerce Locations: Clearwater , Florida, U.S, Irvine , California, Florida, Lugo, Pinellas County
☆ Philadelphia is experimenting with guaranteed income pilots for pregnant people and housing insecure families
  + stars: | 2024-07-23 | by ( Allie Kelly | ) www.businessinsider.com   time to read: +7 min
Read previewPhiladelphia has joined the national guaranteed basic income wave — with a focus on pregnant people and families experiencing housing insecurity. AdvertisementPhilly Joy Bank hopes to improve birth outcomesThe Philly Joy Bank pilot will offer $1,000 a month for 18 months to pregnant people beginning in their second trimester. It is a partnership between the Philadelphia Department of Public Health and the Philadelphia City Fund — with funding coming from the city and various foundations. Guaranteed income programs like Philly Joy Bank "should be the standard, not the exception," Coaxum said. Participants will pay about 30% of their personal monthly income toward housing, then they will receive guaranteed income to cover any remaining balance.
Persons: —, ALICE, Nia Coaxum, It's, Coaxum, Dawn Benson, Benson, Noah Sheidlower Organizations: Service, Philly Joy Bank, Business, Nonprofit United, Philly, Bank, Health, Philadelphia Department of Public Health, Denver, Philadelphia Community Action, Philadelphia City Fund, Children's Hospital of Philadelphia, city's Department of Public Health, Philadelphia Housing Development Corporation, University of Pennsylvania, BI Locations: Philadelphia, Pennsylvania, America, Area, Chicago, San Antonio , New York City, Tioga, Cobbs
☆ I'm a former JP Morgan exec who now works to distribute basic income payments to those in need. Here's why I do it.
  + stars: | 2024-04-22 | by ( Katie Balevic | ) www.businessinsider.com   time to read: +4 min
Wole Coaxum is the CEO of MoCaFi, which has distributed over $52 million in basic income payments. I thought, "How can I use my time and talents, which is financial services, to bring an economic justice agenda to the social justice agenda?" Related storyMartin Luther King, Jr. talked about universal basic income and guaranteed basic income just before he passed away, and I feel that we as a company are very fortunate to be standing on the shoulders of others to bring these powerful ideas into the marketplace. Some of them are through MGI, Mayors for a Guaranteed Income. Why is a universal basic income that much different?
Persons: Morgan, —, Wole Coaxum, JP Morgan, Ferguson, Martin Luther King, Jr, they've Organizations: Service, Corporation, JP Locations: Los Angeles, Atlanta, San Francisco, MGI
☆ Where the Milkshakes Are Served With a Celebration of Black Culture
  + stars: | 2023-05-02 | by ( Kayla Stewart | ) www.nytimes.com   time to read: +1 min
On a corner in Central Harlem, just blocks from the Apollo Theater and Marcus Garvey Park, stands Harlem Shake, a diner designed to look as though it’s been there for decades. The walls are covered with Jet magazine covers and photographs, some signed, of Black American musicians and celebrities: Regina Hall, Diddy, Maya Angelou, Questlove. Its retro diner-style menus and swivel bar stools evoke nostalgia for an era of charm — and upheaval — in American culture. Rasheeda Purdie, a neighborhood resident of 14 years, finds comfort in how distinctly Harlem the restaurant is. “Sharing food is almost like a love language,” said Dardra Coaxum, an interior designer and Harlem native who opened the restaurant with Jelena Pasic.
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