Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

National Black MBA Association Questions the Future of the Black Middle Class

Conversation aims to create a framework for analyzing influences, collecting insights and igniting reform, recalibration and renewal

CHICAGO, Sept. 8 /PRNewswire/ -- Is there something to the fact that 81 percent of black Americans, according to Pew research, agree with the aphorism that the rich get richer and the poor get poorer?

Research shows that a wealth gap persists between black and white Americans of similar incomes, due mainly to the influences of home and stock ownership. Three out of five black retirees will outlive their financial assets. Half of the children that come from black, middle-class families have fallen into poverty as adults. These trends illustrate a growing fissure in the solidity and security of the black middle class, whether they're influenced and informed by trepidation and uncertainty in the face of a troubled and complicated economic landscape, the phenomenon of perception morphing into reality, or a severe case of middle-class blues.

The times beg the question: What is the state -- and the future -- of the black middle class?

The National Black MBA Association (NBMBAA) will examine this question at "The Disappearing Middle Class and Its Effect on Black America," an interactive town hall meeting that will mull the economic, financial, political, social and historical conditions of the black middle class- audience members will be polled in real-time to gauge their thoughts about central questions and themes, and the session will close with the drafting of an agenda that outlines how to protect, preserve and ensure the progress of the collective.

     WHEN:          Tuesday, Sept. 16

     LOCATION:      Renaissance Hotel
                    Grand Ballroom
                    99 Ninth St.  NW
                    Washington D.C.

     TIME:          3:00-5:00 p.m.

     PANELISTS:     Alvin Brown -- adviser, Hillary Clinton for President 2008
                    Michael Eric Dyson -- author, intellectual, Georgetown
                     University professor
                    Michael Fletcher -- Washington Post economics
                    Lawrence Otis Graham -- author and commentator
                    Roland Martin (moderator) -- journalist, CNN and TV ONE
                    Lisa Toppin -- Charles Schwab vice president

"The time for action is now," says NBMBAA President & CEO Barbara Thomas. "Black Americans needs to engage in this tough, actionable dialogue so that we may break cycles of generational poverty and ensure the sustainability and success of the black middle class now and in the future."

"The Disappearing Middle Class and Its Effect on Black America" will kick off the 30th Annual NBMBAA Conference & Exposition, which will take place at the Washington Convention Center Sept. 17-20. Nearly 12,000 professionals, industry experts, recruiters, community leaders and students will attend, making it one of the nation's largest development, recruiting and networking events.


Established in 1970, the National Black MBA Association (NBMBAA) is dedicated to creating partnerships that result in increased intellectual and economic wealth in the black community through its five channels of engagement: education, career, leadership, entrepreneurship and lifestyle. With more than 40 chapters, an 8,000-plus membership and more than 400 corporate partners, the NBMBAA gives its constituents access through programs and services such as the Annual NBMBAA Conference (the nation's largest, professional, African-American exposition of its kind), Local Empowerment Initiatives, etc. To learn more about the NBMBAA, please visit http://www.nbmbaa.org.

SOURCE The National Black MBA Association

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...