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African-American consumers: Still vital, still growing

African-American consumers: Still vital, still growing

A new report from the Nielsen company suggests that with increases in income and education, African-American consumer buying power is projected to grow by $100 million in just two years. By 2015, African-American buying power is estimated to be $1.1 billion.

According to the Nielsen study, "African-American Consumers: Still Vital, Still Growing," the African-American population's growth outpaces the rest of the population by 30 percent. The demographic is also increasingly younger, more educated and has higher incomes than commonly believed. Between 2000 and 2009, the number of African Americans attending some college or earning degrees has grown to 45 percent of men and 54 percent of women.

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Business bootcamp has single moms in sight

Business bootcamp has single moms in sight

This summer, Successful Single Moms Memphis, Inc. plans to take another step in its mission of "advocating for fair wages, opportunities to return to school, homeownership and entrepreneurship" for single moms.

Single Moms University (SMU) – in concert with its collaborative partners – will provide an avenue for their single moms to participate in classes designed to foster continuing education opportunities.

"We are excited to announce our Mogul Mom™ Business Bootcamp as the first set of classes under our Single Moms University," said Nicole Gates, director of Successful Single Moms Memphis, Inc. "(This) is a collaboration of the Home Based Business Chamber of Commerce (HBBCC), National College of Business and Successful Single Moms Memphis. Completion of the training sets the women up to become Mogul Mom™ Certified business enterprises."

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DIVORCE – Property distribution and alimony

DIVORCE – Property distribution and alimony

Remember the popular song lyrics of Johnnie Taylor – "Cheaper to Keep Her?"

Well, there just may be some truth to those words.

The after effects of a divorce can wreak havoc on a business. Taking into consideration loss of property and the payment of alimony, the consequences can be long lasting and difficult to overcome.

Property distribution

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Fraud never sleeps

Fraud never sleeps

The Federal Trade Commission received over 1.8 million consumer complaints in 2011. More than half of these were for various types of fraud. Despite improved consumer education and tighter controls, criminals continue to come up with new ways to separate unwitting victims from their hard-earned money.

A list of potential scams would fill many pages, but here are three relatively new ones to watch out for.

Cut your credit-card rate! An unsolicited caller offers to help you reduce your credit-card interest rate for a fee, and you must fill out a financial profile with account numbers, Social Security numbers, and other personal information. The scammer may arrange a conference call with your credit-card company and ask for a fee reduction, which is usually refused and could have been requested yourself. You are out the fee and at risk for the misuse of your personal information.

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Divorce & business – Child custody and support

Divorce & business – Child custody and support

Whether you have a multi-million dollar business or a minimum wage job, divorce can put your income at risk when it gets down to child support. Although the distribution of property and alimony payments may be governed by a prenuptial agreement, child custody and support will be solely determined by the court.

Child custody

According to the Tennessee Code – Title 36, Sections 36-6-106, the court may award custody to either parent, or to both parents (joint custody or shared parenting) based on the best interests of the child. The court will consider the following factors:

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Surprise! It’s retirement time

Surprise! It’s retirement time

In a 2012 survey, 50 percent of current retirees said they retired earlier than they had planned, up from 45 percent in 2011.

Many retirees reported reasons that were beyond their control, such as health problems or disability, company downsizing or closure, changes in the skills required for their jobs, or having to care for a spouse or family member. Yet some said they retired early by choice – because they could afford to or because they wanted to do something different.

If you're nearing the end of your working years, you probably have a retirement timetable in mind. It may be as specific as a particular date or as general as a range of years. Regardless of your timetable, circumstances could change – as the experience of current retirees demonstrates – and retirement might come sooner than you think.

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Top internships for minority and African-American students - 2013/14

(BlackNews.com) – Internships are a gateway for students that lead to careers. There are thousands of internship opportunities each year across the country, and some of these programs are specifically for minorities and African Americans. Here are just five of such programs:

#1 – Explore Microsoft Internship Program For Women and Minorities
: This program is for current college undergraduate minority students pursuing a degree in computer science or software engineering. Students may apply in their freshman or sophomore year of college.
 Learn more at: www.findinternships.com/2013/04/Explore-Microsoft-Internship-Program.html.

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