Money, Money, Money...
Hello everyone, it's Cheryl Corley. I'm in from the windy city of Chicago ... subbing for Michel for a few days, so it's nice to be with you.
Money. Money. Money. Today was definitely a money show -- starting with our discussion about the rebuilding efforts taking place in Mississippi. The Mayor of Gulfport, Brent Warr, and Ashley Tsongas from Oxfam America were on the show. They have totally different views and had a spirited, but measured, discussion about how the money is being spent in Mississippi and who's getting it. Tsongas and a number of community groups say too many of the poor are being left out in places like Gulfport where the focus is on rebuilding shipping ports and helping people who are more well-off. As you might imagine, the mayor has quite a different take. Take a listen.
We continued our discussion about the Pew Charitable Trusts study that reported on the economic mobility of black and white Americans. Lots of folks weighed in with their thoughts about why so many middle class blacks spiraled downwards. There was the conversation with Chicago Urban League President Cheryle Jackson and author Omar Tyree, the Mocha Moms discussion and, of course, our money guy, Alvin Hall chimed in. It's an important conversation, so we thought it'd be a good idea for you to check everyone out.
Transferring wealth was one of the major issues raised in the PEW study and it's a concern more women will face. By some accounts today's women control more than half of the personal wealth in the United States and are set to inherit trillions of dollars as the World War II generation begins to shift its wealth to children. It's a subject philanthropist Abby Disney -- you know, the niece of Walt -- knows and she joined us today too. She heads an anti-poverty group in NY and she's asking women of means, whether they inherited their money or earned it, to join her in raising millions more for foundations which focus on providing help to disadvantaged women and girls.
And then there's the shopping to come after Thanksgiving. Black Friday it's called, and while merchants hope the sales will keep them in the black, money coach Alvin Hall says stick to a list and don't let your emotions sway you, so you don't end up in the red. Hard advice for some ... but Alvin says you'll be much happier after the holidays if you do.
More tomorrow,
Cheryl
5:33 PM ET | 11-20-2007 | permalink
