Tag: General News

  • Reps Blame Weak Naira, Move To Review 2024 Budget For More External Borrowing

    Front view of the House of Representative | Nneoma Benson

    The House of Representatives on Thursday said the 2024 Appropriation Act is no longer realistic in view of the national currency, the naira, which keeps falling against major currencies of the world.

    It therefore said there’s immediate need to review the MTEF/FSP, External borrowing plans and FX market with the current exchange crisis in view.

    This will enable it to mandate the president to initiate new borrowing plans to enable him to embark on external borrowing more for certain purposes.

    The House said, “It has become imperative to review all the items that make up the 2024 Appropriation Act, MTEF/FSP, External Borrowing Plan, FX market and the role of bureaucracy in budget implementation.”

    After much consideration, the House resolved to evaluate the prevailing exchange rates’ to understand the value of the foreign exchange in the local currency and how fluctuations impact the purchasing power and overall 2024 budgetary effectiveness.”

    The House equally resolved to examine the government anticipated revenue from various sources, “including taxes and other income streams and how these can help to gauge the financial resources available to meet budgetary demands.”

    Consequently, the House mandatedthe Committees on National Planning and Economic Development, Appropriation and Finance to undertake the review and report back to it within six weeks for further legislative actions.

    The joint Committee is also expected to undertake “a comprehensive assessment of the implications of the foreign exchange on the 2024 appropriation act and determine the method of alignment of the current foreign exchange” in the budget.

    This was sequel to the adoption of a motion by Hon. Khalifat Ogbara, on need to evaluate the implicitness of the current exchange rate on the implementation of the 2024 budget.

    Ogbara, in her lead debate explained that though the 2024 budget is predicated on N800 per dollar, the current exchange rate hovers at an average of N1,488. 896, to one US Dollar, while Pounds Sterling stands at N1,880. 1779, Euro at NI.609. 3477 and SWISS FRANC at N1,691.3507.

    According to her, there is “a causal relationship between the exchange rate movements and macroeconomic aggregates such as inflation, fiscal deficits and economic growth.

    “Evidently, the persistent fluctuation of the exchange rate trended with major economic variables such as inflation, GDP growth, and fiscal deficit/GDP ratio in Nigeria, presently.”

    She explained that a change in exchange rate usually affects the prices of imported goods, as well as domestic products that rely on imported parts and raw materials.

    The lawmaker added that the “exchange rates also impact investment performance, interest rates, and inflation and can even extend to influence the job market and real estate sector.”

    Furthermore, Ogbara stated that “the major snag that stemmed from the distortionary impact of the foreign exchange regime, the 2024 Appropriation Act Would be difficult to implement due to foreign exchange volatility.

    “Definitely, the exchange rates have already caused a major wide variances in Personnel Cost, Recurrent Expenditures and Capital Costs appropriated to the various Ministries, Departments and Agencies.”

    Reps Blame Weak Naira, Move To Review 2024 Budget For More External Borrowing is first published on The Whistler Newspaper

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  • Fact Check: No, Kamala Harris did not say Democrats are bribing voters with federal work study funds

    Vice President Kamala Harris did not reveal Democrats’ plan to bribe voters in the 2024 election, as social media posts claimed. A video of a speech she gave has been taken out of context.  

    “The federal work study program now allows students to get paid through federal work study to register people and to be nonpartisan poll workers,” Harris said in a Fox News clip shared Feb. 28 on Instagram. “As we know this is important for a number of reasons. One, to engage our young leaders in this process and activate them in terms of their ability to strengthen our community.”

    Misleading and misspelled text under the video said, “Democrats using tax payer dollars to bribe voters.” 

    This post was flagged as part of Meta’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook and Instagram.)

    The clip comes from Feb. 27 remarks Harris delivered to voting rights activists in Washington, D.C. In the full video, Harris did not say that students will be employed to register people for a specific political party. She said that poll workers would be “nonpartisan.”

    Federal regulations bar federal work study funds from being used to support any political party.  

    A 2022 Education Department memo specified that although federal work study funds can be used for voter registration efforts, guidelines limit how.

    Federal work study funds “cannot be used for employment by a Federal, State, or local public agency, or a private nonprofit organization, other than the institution, for work involving partisan or nonpartisan political activity, including party-affiliated voter registration activities, as this is expressly prohibited under 34 CFR 675.22(b)(5),” wrote Michelle Asha Cooper, then-acting assistant secretary for the Office of Postsecondary Education. 

    The department clarified in February that federal work study funds cannot be used for any voter registration activities that are “associated with a particular interest or group.”

    We rate the claim that this video shows Harris saying Democrats would use taxpayer dollars to bribe voters False.



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  • What I like about SF Giants, Oakland A’s spring training so far

    UP: Lineup consistency from the Giants?

    In recent years, the Giants built a lineup around versatility and platooning. Anyone could be in, anyone could be out. Sometimes it worked (2021), other times it didn’t.

    It’s clear that the Giants are moving away from that direction for this season. Sure, there will be some platooning at the bottom of the lineup, but the San Francisco roster seems as inflexible as ever.

    I like it.

    Just look at the Giants outfield. It boasts three lefties, and all should be expected to see the vast majority of at-bats from their respective positions this season. Austin Slater might slide in at a corner spot when there’s a southpaw on the mound — Heliot Ramos or Luis Matos could do the same, though I expect them both to start the season in Sacramento — but I expect the Giants to roll out a three-man combo of Michael Conforto, Jung Hoo Lee, and Mike Yaztremski day in, day out.

    It’s rather refreshing, the possible consistency of it all.

    On the infield, the Giants still need to decide who their starting shortstop will be, but we know Matt Chapman is at third and Thairo Estrada is at second. The only obvious spot for a platoon is a LaMonte Wade and Wilmer Flores duo at first base. Patrick Bailey will be behind the plate most every day.

    Is it good enough? We’ll find out. But at least we’ll know the formula behind success and failure.

    DOWN: The J.D. Davis of it all

    With Chapman’s signing, there’s no obvious place for J.D. Davis, a plus player for the team last year.

    Yes, Chapman is better, both with the glove and at the plate, but now that post-signing clarity has arrived, it does seem somewhat strange that the Giants ended up upgrading at one of their better positions.

    The Giants could use a lefty infield bat off the bench. Another bullpen arm would never hurt. A reliable, back-end-of-the-rotation starter would be manna from heaven. I have no idea what Davis’ trade value is. I know that no one needs to go crazy with the bidding — the Giants can’t reasonably hold onto Davis before the start of the season. The third baseman who the Mets practically gave away in August 2022 might be practically given away by the Giants in March 2024, despite a really solid run between those dates.

    Farhan Zaidi and the Giants deserve credit for landing Chapman. But Davis as collateral damage isn’t a great look.

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  • 38 Months Since The January 6 Attack On The Capitol And DOJ Investigations And Legal Actions Continue

    As of October 14, 2022, the losses resulting from the attack, which disrupted a joint session of the U.S. Congress attempting to certify President Joe Biden’s victory, are estimated at approximately $2.9 million.

    By Stacy M. Brown, NNPA Newswire Senior National Correspondent

    March 6, 2024, marked 38 months since the tumultuous attack on the U.S. Capitol, and even as the primary instigator of the events of January 6, 2021, former President Donald Trump moves to clinch the GOP presidential nomination, the Department of Justice (DOJ) said it remains committed to holding those responsible accountable.

    Under the continued leadership of the U.S. Attorney’s Office for the District of Columbia and the FBI’s Washington Field Office, officials said the investigation into the Capitol breach has progressed at an unprecedented speed and scale. As of October 14, 2022, the losses resulting from the attack, which disrupted a joint session of the U.S. Congress attempting to certify President Joe Biden’s victory, are estimated at approximately $2.9 million.

    The DOJ said its resolve to prosecute those who committed crimes on that fateful day remains steadfast. According to public court documents on the Capitol Breach Investigation Resource Page, more than 1,358 defendants have been charged in nearly all 50 states and the District of Columbia.

    Criminal charges range from assaulting, resisting, or impeding officers to entering or remaining in a restricted federal building or grounds. Notably, approximately 140 police officers were assaulted during the attack, including officers from the U.S. Capitol Police and the Metropolitan Police Department.

    Five officers eventually died following the mob attack.

    The breakdown of criminal charges includes:

    • Approximately 486 defendants were charged with assaulting officers or employees.
    • Eleven individuals were arrested for attacking members of the media.
    • More than 350 defendants have been charged with obstructing official proceedings.

    Regarding pleas, approximately 769 individuals have pleaded guilty to various federal charges, the DOJ noted in a news release. Of these, 238 have pleaded guilty to felonies, including federal charges of assaulting law enforcement officers and felonious obstruction during a civil disorder. A total of 95 individuals have pleaded guilty to assaulting law enforcement officers, with 130 sentenced to prison terms of up to 151 months.

    Trials have resulted in 152 individuals being found guilty, with 81 convicted of assaulting, resisting, or impeding officers and/or obstructing officers during a civil disorder.

    Sentencing is ongoing, with approximately 497 federal defendants sentenced to periods of incarceration and 164 sentenced to home detention. Notably, one individual has been sentenced to more than 14 years in prison for assaulting officers.

    The twice-impeached and four-times indicted former president has continued to force delays in the prosecution of the 91 felony charges he faces, many of which stem from his alleged role in the Capitol attack.

    Despite his alleged crimes, which also include sexual assault, business fraud, and trading favors with foreign enemies, Trump emerged victorious on Super Tuesday, catapulting him ever closer to a rematch with Biden in the November general election.

    Meanwhile, the FBI said it continues to seek public assistance in identifying individuals involved in the January 6 attack, with citizens from around the country already providing invaluable help. The FBI currently has ten videos of suspects wanted for violent assaults on federal officers, including those who assaulted members of the media on January 6.

    Among the individuals the FBI is seeking public tips to identify or locate are Evan Neumann, Adam Villarreal, and Paul Belosic, who allegedly were involved in violent altercations with law enforcement officers during the attack. The FBI encourages the public to visit fbi.gov/capitol violence to view photos and videos and provide any information that may aid these ongoing investigations.

    “We have deployed our full investigative resources and are working closely with our federal, state, and local partners to aggressively pursue those involved in these criminal activities,” the DOJ said in the news release.

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  • Holding Russia accountable for war crimes in Ukraine

    People in white hazmat suits loading body bags into truck, other body bags on ground (© Rodrigo Abd/AP)
    Volunteers load bodies of civilians killed in Bucha, Ukraine, onto a truck to be taken to a morgue on the outskirts of Kyiv for investigation April 12, 2022. (© Rodrigo Abd/AP)

    Members of Russian forces have committed more than 125,000 war crimes since the full-scale invasion of Ukraine, according to Ukraine’s Office of the Prosecutor General.

    Even as Ukraine continues to resist Russia’s brutal attacks, it works with U.S., European and NGO partners to document atrocities and establish grounds to hold Russia accountable.

    “Russia’s military targets civilians — as part of a criminal plan to extinguish their identity,” said Wayne Jordash, who works with Mobile Justice Teams to document war crimes for the joint U.S.-U.K.-EU Atrocity Crimes Advisory Group. “These crimes follow a pattern and have to be investigated per that pattern,” Jordash told Deutsche Welle.

    Jordash was among the first investigators to enter Kyiv’s liberated suburbs after Russian forces withdrew in March 2022.

    “The level of destruction rose to a savagery,” he said. The abuses “targeted the most vulnerable. Women, children, those detained.”

    His team and their partners have documented cases of Russian authorities deporting Ukrainian children for illegal adoptions in Russia. Observers have also logged instances of Russian troops torturing captives and civilians and carrying out indiscriminate sexual violence on children, women and men ranging in age from 4 to 82 years old.

    Prosecutions have already begun. In March 2022, Ukraine convicted the first Russian soldier of violating the rules and customs of war for killing an unarmed civilian. He was sentenced to life in prison.

    Volodymyr Zelenskyy sitting and holding microphone, surrounded by other people in chairs (© Stefan Wermuth/AP)
    Ursula von der Leyen, president of the European Commission, left, and Volodymyr Zelenskyy, Ukraine’s president, during the “CEOs for Ukraine” session on the opening day of the World Economic Forum in Davos, Switzerland, on January 16 (© Stefan Wermuth/AP)

    The modern history of holding individuals accountable for war crimes dates back to the post-World War II Nuremberg trials of major Axis war criminals.

    Today, the International Criminal Court carries on that legacy. In March 2023, it issued arrest warrants for Russian President Vladimir Putin and Russia’s Commissioner for Children’s Rights Maria Lvova-Belova for their alleged roles in unlawfully deporting and transferring Ukrainian children to Russia.

    The International Criminal Court is only one institution upholding international standards against war crimes. A Joint Investigation Team convened by the European Union Agency for Criminal Justice Cooperation continues to coordinate 22 national investigations of war crimes committed in Ukraine. These include investigations in 14 EU member states, in concert with the office of Ukraine’s Prosecutor General, Andriy Kostin.

    Investigators draw upon crowdsourced evidence from mobile phones and social media. Today, documenting atrocities in Ukraine is a collective act.

    Hand holding mobile phone displaying photo of arm on ground and blue sacks (© Erika Kinetz/AP)
    A photo of the bodies of five men tortured and killed by Russian troops is used to collect evidence in the forest where the men were buried. (© Erika Kinetz/AP) (© Erika Kinetz/AP)

    Much work remains, but Ukrainians are committed to bringing war criminals to justice. The U.S. contributes to this effort as an important part of its support for Ukraine.

    Only by determining truth, holding those responsible accountable “and providing adequate reparations to victims and survivors, can we say justice has been done,” said Kostin.



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  • EXCLUSIVE: Border Reporter Finds Foreign Military IDs at Rio Grande


    Watch & share to get the latest intel coming out of America’s Southern Border!

    Dan Lyman of Infowars & Border Hawk joins Owen Shroyer to break his latest findings at the Texas-Mexico border.

    Don’t miss:

    Watch: Democratic Leaders Tell America That Illegal Aliens Come First


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  • NAF Confirms ‘Minor Mishap’ Of Trainer Aircraft In Kaduna, Says Two Pilots Survived

    Nigerian_Air_Force_NAF_575

    A Super Mushshak trainer aircraft, belonging to the Nigerian Air Force, NAF, has witnessed a minor mishap in Kaduna State.

    The Director of Public Relations and Information, NAF, Edward Gabkwet revealed this in a statement on Thursday.

    The incident, according to NAF, occurred about 3.5 nautical miles from Kaduna Military Airfield.

    The statement read, “A Nigerian Air Force (NAF) Super Mushshak trainer aircraft was involved in a minor mishap earlier today, 7 March 2024, at about 2.35 pm.

    “The accident, which occurred at about 3.5 nautical miles from Kaduna Military airfield, involved 2 pilots who were returning from a routine training flight.

    “Luckily, both pilots came out of the crash unscathed.”

    Consequently, the Chief of Air Staff, Air Marshal Hasan Abubakar has directed a probe into the incident to ascertain the immediate cause of the crash.

    NAF Confirms ‘Minor Mishap’ Of Trainer Aircraft In Kaduna, Says Two Pilots Survived is first published on The Whistler Newspaper

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  • Fact Check: No, viral video doesn’t show Oklahoma students sucking adults’ toes

    Although a recent viral video of Oklahoma high school students may turn your stomach, it doesn’t show children sucking on the toes of adults, as some social media posts have claimed. 

    “Disturbing video shows students at Deer Creek High in Edmond, Oklahoma, sucking on the toes of adults during a school fundraising event,” text above the video in a March 1 Instagram post says. “Every adult involved needs to be arrested.”

    The video shows the blurred out heads of students bobbing above bare feet.

    This post was flagged as part of Meta’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook and Instagram.)

    What’s actually happening in the footage: students at Deer Creek High School in Edmond, Oklahoma, licking peanut butter off the feet of other students as part of a Feb. 29 fundraising event, The Oklahoman newspaper reported.

    A statement from the Deer Creek School District, published online by a local Fox News affiliate, said the gimmick happened in an assembly during which “students volunteered to participate in various student-organized class competitions in the spirit of raising money” for a charity recipient.

    And the students raised a lot of money: $152,830.38. Nevertheless, the school district apologized for permitting an event that it said, in hindsight, “failed to uphold the dignity of our students and the proud image of our community.”

    The claim that video showed the students sucking adults’ toes, though, is False.



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  • Bathroom bills are back — broader and stricter — in several states – Paradise Post

    Jazmin Orozco Rodriguez | (TNS) KFF Health News

    Republican lawmakers in several states have resurrected and expanded the fight over whether transgender people may use bathrooms and other facilities that do not match their sex assigned at birth.

    At least one bill goes so far as making it a crime for a transgender person to enter a facility that doesn’t match the sex listed on their birth certificate.

    The debate has been popping up in statehouses across the nation in recent months, predominantly in conservative, rural states, including at a hearing of the Arizona Senate’s Health and Human Services Committee in February. Proponents of that state’s SB 1628, which defines “male,” “female,” and other terms through rigid definitions of biological sex, argued that women’s rights are at stake. Opponents disagreed and said the language would erase transgender people from state statute and remove legal protections.

    The bill states that Arizona may provide “separate single-sex” environments for males and females, including within athletics, living facilities, locker rooms, bathrooms, domestic violence shelters, and sexual assault crisis centers, meaning that transgender women could be prohibited from entering such spaces meant for women. Researchers have found that transgender women experience assault at a rate nearly four times as high as cisgender women.

    The latest round of proposals, like the one in Arizona, expand on an earlier spate of “bathroom bills,” which sought to restrict transgender people’s access to public restrooms and locker rooms. In some instances, the proposed laws would extend far beyond access to facilities by excluding trans people from state anti-discrimination laws and dictating makeup of athletic teams. Legal experts say the new bills put states at risk of violating federal anti-discrimination laws, which could throw billions of dollars in federal funding into jeopardy for states and crisis centers that receive federal grants.

    At least one state — Utah — removed lines that specifically mention shelters and similar facilities because of concerns about losing federal funding.

    In addition to the bill passed in Utah, lawmakers introduced similar bills in Idaho, Georgia, Arizona, New Mexico, Iowa, and West Virginia. The measures mirror a model bill created by the Independent Women’s Law Center, a conservative nonprofit that seeks to rewrite state laws to rely on sex assigned at birth. Versions of the policy were approved through legislation or executive orders last year in Kansas, Nebraska, Oklahoma, and Montana. A similar bill was also introduced in Congress last year by Sen. Cindy Hyde-Smith (R-Miss.) and Rep. Debbie Lesko (R-Ariz.)

    Jennifer Braceras, vice president for legal affairs and founder of the Independent Women’s Law Center, testified in support of the proposal in Arizona.

    “Everyday Americans know that a woman is an adult human female,” Braceras said, referring to the definition in the bill that a female is “an individual who has, had, will have or would have, but for a developmental anomaly or accident, the reproductive system that at some point produces ova.”

    She told state lawmakers that activists seek to convince judges and others that men who identify as women have an unfettered right to enter women’s spaces and said the policy is a tool to restrict that access.

    Braceras added that just because the model legislation does not include gender in its definitions, that doesn’t prohibit state lawmakers from choosing to include it in their policies. Conservative proponents of the legislation emphasize the difference between sex and gender, saying the former is an immutable biological fact and the latter a set of cultural norms.

    The narrow definition of sex and provisions that declare certain spaces be protected as “single-sex environments,” including domestic violence shelters and rape crisis centers in some states’ versions of the policy, raise questions about compliance with federal laws that prohibit discrimination based on sex or gender.

    Anya Marino, director of LGBTQI equality at the National Women’s Law Center, said that if a court found these state statutes at odds with federal laws, the federal law that ensures protection on the basis of gender would supersede the state laws.

    Beyond how the laws could be interpreted or implemented, Marino expressed concern about other consequences these debates can have, including violence against people who “fail to conform against an extremist idealistic view of how sexes should appear,” she said.

    “It’s part of a larger objective to control people through body policing to determine how they love and how they navigate their daily lives.”

    Yet the legal ramifications are unclear.

    In Montana, where one of these proposals became law after SB 458 was approved during last year’s session, lawmakers weighed the risks of potentially violating federal law and losing billions in funding.

    The state’s legislative fiscal analysts determined that $7.5 billion in federal funds were on the line in the first year, depending on how state agencies implemented the law and whether those actions were deemed violations of anti-discrimination laws. The bill passed regardless and was signed by Republican Gov. Greg Gianforte.

    A legal challenge of the statute is pending. Regardless, the Montana Department of Public Health and Human Services cited the law’s passage as justification to revive a ban on transgender people changing the sex designation on their birth certificate. The ban was originally instituted in 2022 and struck down by a judge before the new law passed.

    “DPHHS must follow the law, and our agency will consequently process requests to amend sex markers on birth certificates under our 2022 final rule,” department director Charlie Brereton said in a Feb. 20 statement announcing the change.

    Lawmakers in Utah removed language specifically identifying domestic violence shelters and rape crisis centers as “sex-designated” spaces that could exclude transgender people after hearing concerns from local and state leaders about losing federal funding. Though lawmakers removed mention of those specific venues from the bill, they kept provisions that prohibit transgender people from entering sex-designated restrooms, public showers, or locker rooms that don’t correspond with their sex assigned at birth unless their birth certificate has been amended or they’ve undergone gender-affirming surgery accordingly. The bill was fast-tracked, approved, and signed by Republican Gov. Spencer Cox two weeks after the legislative session began.

    More recently, West Virginia lawmakers removed language from HB 5243 that named domestic violence shelters and rape crisis centers as places where the state could distinguish between the sexes.

    Republican Delegate Kathie Hess Crouse, lead sponsor of the bill, said the language was removed because it was unnecessary.

    “By removing the specific examples, we’re making it extremely clear that this list is not the full list of single-sex environments that West Virginia may have,” she said.

    The West Virginia House approved the bill in February and it is pending approval from the Senate.

    Asked about constituents who testified in opposition to the bill with concerns that it would negatively affect transgender people, Hess Crouse said they were misinformed. She asserted the bill doesn’t create new rights or take any away.

    “The bill is a definitional bill for our courts to have guidance when interpreting laws that already exist in West Virginia,” she said. “If anyone in the state is not happy with the laws we already have on the books, they can work with their legislator to bring a bill that changes the law.”

    Hugo Polanco, a trial attorney for the Maricopa County public defender’s office, testified in opposition to the bill in Arizona on behalf of the state’s American Civil Liberties Union chapter.

    “Let’s be clear,” he said. “Trans rights are women’s rights. Advances in trans rights tear down barriers based on gender stereotypes, creating the opportunity for each of us to determine our own life story.”

    Alex del Rosario, a national organizer with the National Center for Transgender Equality, said this slate of bills harms transgender people by attempting to eliminate protections for them.

    “Policing people’s bodies while excluding transgender and intersex people from using the restroom does not protect anyone’s privacy,” they said. “Extremist politicians have been taking advantage of the American public, projecting a false image of transgender people, especially transgender women, to stoke fear and distrust of a community that many people don’t understand.”

    ___

    (KFF Health News, formerly known as Kaiser Health News (KHN), is a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs of KFF — the independent source for health policy research, polling and journalism.)

    ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.

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  • ‘Bank Of Mom And Dad’ Isn’t Always An Option For Black Young Adults

    Many young adults rely on parents for financial support, but the racial wealth gap makes Black families less able to help. (Credit: Charlotte May / Pexels)

    by Bria Overs

    Parents want the best for their children — to see them thrive, graduate college, get a good job, and start a family of their own. Young adults turn to their parents for advice and, on occasion, financial assistance to achieve these key milestones of adulthood.

    Texas resident Kayla G., 28, is one of those young people. She used a full-ride scholarship to get through college, but her parents provided support — filling out her FAFSA and paying for groceries — while she completed her undergraduate degree. After graduation, she moved home rent-free, got a marketing job, earned a master’s degree, and paid off her car. 

    While rent is not something she worries about, she does cover other expenses, including her phone bill, car insurance, and health insurance.

    “They definitely don’t just pay for everything, and I’m not living a complete ‘princess life’ over here,” she tells Word In Black. “But it is helpful. For all of my 20s, I’ve been able to save.”

    According to the Pew Research Center, 23% of young adults in America say they are mostly financially independent, while 45% say they are completely independent from their parents. The study doesn’t break things down by race, but other research gives insights into the Black parent and Black young adulthood experience.

    A 2021 study exploring the intersection of the Black-white wealth gap and parental financial assistance by researchers and professors at The New School and the State University of New York at Buffalo found that for some Black parents, giving money to their young adult children is quite difficult — through no fault of their own. Their ability to financially assist is not only affected by the long-standing racial wealth gap, but it can also contribute to its widening as well.

    “The racial wealth gap is largely linked in an intergenerational way to policies and structures in which Black people have been excluded from,” says Darrick Hamilton, Henry Cohen professor of economics and urban policy and founding director of the Institute on Race, Power and Political Economy at The New School. In other words, it may be easier for white people to build and maintain wealth than it is for Black people because of government policies, for example, such as ineligibility for benefits from the G.I. Bill after World War II.

    Black young adults are less likely to receive financial assistance from parents for education, homeownership, and other things than their white counterparts. 14% of Black people surveyed for the study reported receiving parental aid for college, 2% for homeownership, and nearly 20% for other reasons.

    The researchers wrote these numbers are low in comparison to white survey takers, not because Black parents don’t want to help their children. The inability to give has more to do with the “socioeconomic position of Black parents,” and “in turn, translates into the intergenerational reproduction of the racial wealth gap.”

    Effects of Financial Assistance for Parents and Their Children

    Low-income parents, especially, face trouble by providing aid. Nearly half of lower-income parents and 37% of middle-income parents said helping their young adult children financially hurt their own finances. In the reverse, though, a third of young adults said they were helping their parents, and those with lower incomes were more likely to help.

    Kayla’s three other siblings, who are in their 30s and mid-20s, also live at home. She says, in the past, her parents hadn’t expressed any issues with all six family members living under one roof. That is, until recently. 

    “Those conversations are happening, and there may be some shifts,” she says. “I can’t say they ever said they felt like we were taking money out of their pocket — not verbatim, at least — but I definitely feel like there’s starting to be a bit of financial strain because we’re all grown.”

    On the flip side, that same 2021 study noted Black young adults fare better in terms of income and net worth when they have assistance from their parents. This has been the case for Kayla. She says thanks to her parents, she’s been able to “grow up slowly” and prepare for her 30s by learning how to budget, save, and invest.

    “I think that’s a really undervalued thing in our society because everyone’s so quick to grow up fast and jump right into the world,” she says. “Being home has allowed me to mature slowly. I feel like I’m much wiser about things like how I view money. I’m better prepared to kind of go out there, and when I’m ready because I’ve been able to save up, I can purchase my own place.”

    Editor’s Note: Word In Black abbreviated Kayla G.’s last name, at her request, to protect her identity due to the nature of her professional work.

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