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[New Study]Black Men at both ends of economic spectrum at risk for depression

Jobless African-American men might be at a greater risk of suffering from depression, new research shows. More surprising, at the other end of the income spectrum, African-American men making $80,000 and upward are also among those at higher risk.

For women, the picture is different: those in the $45,000 to $79,999 income bracket are less likely to report symptoms of depression compared to women with the least income, according to the results of a national survey of mental disorders among African-Americans.

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Business

Investment in Minority Interests May Offer Huge Potential for Wall Street

Even as Wall Street recovers from the financial crisis, it may be missing out of billions of dollars of potential investment from an untapped resource—minority investors.

“It’s a very untapped market with enormous potential,” says Dr. Tahira Hira, a professor of financial literature at Iowa State University and who conducted a survey on trends of minority investing.

“Like women—Hispanics, African-Americans and Asian-Americans all have financial needs and I think it’s easy to say they have not become a big player on Wall Street yet,” Hira adds.

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News

New study finds racial wealth gap has quadrupled

The wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans, according to an analysis released on Monday by the Institute on Assets and Social Policy (IASP)