Can Black Middle-Class Wealth Be Salvaged?

by / July 28, 2014 video 4 Comments

Roland Martin is an award-winning nationally syndicated journalist.  His career began with him as a contributor on Lead Story, a Sunday news program that aired on BET during the 1990s.  He has also previously served as the executive editor of the Chicago Defender, the nation’s most historic Black newspaper, and as a founding editor for BlackAmericaWeb.com.  From 2005-2008, Martin served as a radio talk show host for WVON-AM in Chicago.

Martin is a CNN Analyst and appears on a number of the network’s shows as a commentator.  He is also a commentator for TV One Cable Network and host of “Washington Watch with Roland Martin.”

Martin has won a number of awards including being named by Ebony Magazine as one of the 150 Most Influential African Americans in the United States by Ebony Magazine.  He also won an NAACP Image Award for Best Interview in 2009 for “In Conversation: The Michelle Obama Interview.”  In 2009, Martin won a Peabody Award for his coverage of the 2008 election.  In all, Martin has won more than 30 professional awards for journalistic excellence.

In addition to his work as a journalist and commentator, Martin is also the author of “Listening to the Spirit Within: 50 Perspectives on Faith,” and “Speak, Brother! A Black Man’s View of America.”  He has also been awarded honorary degrees from Florida Memorial University and the University of Maryland-University College.

The following video is of an episode of “Washington Watch,” in which Martin discusses the foreclosure crisis’ impact on wealth in the black community.  The episode was taped after the announcement of a new initiative to help homeowners refinance high-rate mortgages, and it takes an in depth look at the fact that economic recovery has not occurred for black households.  Martin points out that despite the recession officially ending in 2009, black wealth has not recovered with White households reporting $97,000 in total assets and black households reporting just $2,200.  Check out the video to hear what Martin has to say about how the wealth of black households can recover.

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