Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for the ‘Poverty’ Category

Breaking the Chains of Financial Enslavement, and Smart Refueling Focus of March 21st Economic Perspectives

Posted by nchanel on March 19, 2011

Hopeton Hay interviews Rev. Dr. DeForest B. Soaries, author of dfree: Breaking Free from Financial Slavery, on Economic Perspectives on Monday, March 21st, at 5:30pm. Listen live at KAZI 88.7 FM Austin or online here: He will also interview Ann Koerner, Director of Consumer Product for MapQuest on their new initiative to help consumers find low gas prices.

In his book Dr. Soaries details what is means to be debt free. Dfree motivates and teaches people to live without debt, pay their bills on time and live within their means. The book claims financial freedom by making it popular to pursue economic freedom. This claim is presented in four levels – Level I: Get Started; Level II: Get Control; Level III: Get Ahead and Level IV: Give Back. Dr. Soaries developed dfree™ as a response to the culture of debt, specifically among african americans. It is a four- prong strategy to help individuals, families and organizations overcome the culture of debt and attain financial self-sufficiency.

Dr. Soaries is the senior pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey. In addition to his pastoral duties, he has served as New Jersey’s 30th Secretary of State making him the first African-American male to serve as a constitutional officer of the state. He is also former chairman of the United States Election Assistance Commission. Dr. Soaries was featured on the CNN broadcast Black in America…Almighty Debt. Dr. Soaries will be speaking at Greater Mt Zion for a financial summit on March 26th and 27th.

Also featured, Ann Koerner is one of the company’s key strategists. She oversees developments, as well as the micro site development for features such as Koerner will discuss MapQuest initiative to make the pain at the pump a lot less painful.

MapQuest helps drivers find the lowest prices on gas and keep an eye on fuel costs with tools found at  These tools lay the groundwork for consumers to save money every day with simple, smart ways to conveniently find the cheapest gas prices in their area or around their destination.  Additionally, MapQuest offers a free, voice-guided navigation app for both iPhone and Android users, which can save drivers money on expensive devices and subscription fees.

Posted in African American, Budgeting, Economic Development, Poverty | Tagged: , , , | Leave a Comment »

Interview Available About African American Income and Poverty

Posted by HH on September 24, 2010

I interviewed Ed Welniak, chief of the Income Statistics Branch for the U.S. Census Bureau, about the findings of the Census Bureau’s Income, Poverty, and Health Insurance Coverage in the United States: 2009 for Economic Perspectives.  We discussed the median household income of African Americans and poverty for African Americans and Hispanics.  To listen to this 3 minute interview click here: Ed Welniak Interview.

Posted in African American, Hispanics, Poverty | Tagged: , | Leave a Comment »

Poverty/Income Statistics, Marketing Book, and Urban League Focus of September 20 Economic Perspectives

Posted by HH on September 18, 2010

Jeffrey Richard, president of the Austin Area Urban League, Ed Welniak, chief of the Income Statistics Branch of the U.S. Census Bureau, and Brian Halligan, co-author of Marketing Lesson from the Grateful Dead will be the guests on the September 20 edition of Economic Perspectives, 5:30 p.m. – 6 p.m. on KAZI 88.7 FM.  Listen live online at

Jeffrey Richard

  • Welniak will provide a summary of the findings of the Census Bureau’s Income, Poverty, and Health Insurance Coverage in the United States: 2009, with a special focus on changes in the median income and poverty for African Americans.
  • Jeffrey Richard will discuss the Austin Urban League’s programs that address poverty and jobs.  He will also provide information on the Urban League’s Equal Opportunity Day Celebration coming on September 24.
  • Halligan, who is CEO of internet marketing company Hubspot will discuss how his new book can help small businesses improve their marketing strategy.  Read Tim Chamberlain’s review of Marketing Lessons of the Grateful Dead by clicking here.

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Income, Poverty and Health Insurance Coverage in the United States: 2009

Posted by HH on September 18, 2010

The U.S. Census Bureau announced that real median household income in the United States in 2009 was $49,777, not statistically different from the 2008 median.

The nation’s official poverty rate in 2009 was 14.3 percent, up from 13.2 percent in 2008 — the second statistically significant annual increase in the poverty rate since 2004. There were 43.6 million people in poverty in 2009, up from 39.8 million in 2008 — the third consecutive annual increase.

Meanwhile, the number of people without health insurance coverage rose from 46.3 million in 2008 to 50.7 million in 2009, while the percentage increased from 15.4 percent to 16.7 percent over the same period.

These findings are contained in the report Income, Poverty, and Health Insurance Coverage in the United States: 2009. The following results for the nation were compiled from information collected in the 2010 Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC):


Race and Hispanic Origin (Race data refer to people reporting a single race only. Hispanics can be of any race.)

  • Among race groups, Asian households had the highest median income in 2009. Real median income declined between 2008 and 2009 for non-Hispanic white and black households, while the changes for Asian and Hispanic-origin households were not statistically different.


  • In 2009, households in the West and Northeast had the highest median household incomes. (The apparent difference between the two regions was not statistically significant.) Real median income declined between 2008 and 2009 in the Midwest and West; the changes for the Northeast and South were not statistically significant.


  • In 2009, households maintained by naturalized citizens had the highest median income. Native-born households and those maintained by noncitizens experienced income declines from 2008 to 2009, in real terms. The changes in the median income of all foreign-born households and households maintained by a naturalized citizen were not statistically significant. (See Table A [PDF].)


  • In 2009, the earnings of women who worked full time, year-round were 77 percent of that for corresponding men, not statistically different from the 2008 ratio.
  • The real median earnings of men who worked full time, year-round rose by 2.0 percent between 2008 and 2009, from $46,191 to $47,127. For women, the corresponding increase was 1.9 percent, from $35,609 to $36,278. (The difference between the 2.0 and 1.9 percent increases was not statistically significant.)

Income Inequality

  • The change in income inequality between 2008 and 2009 was not statistically significant, as measured by shares of aggregate household income by quintiles and the Gini index. The Gini index was 0.468 in 2009. (The Gini index is a measure of household income inequality; 0 represents perfect income equality and 1 perfect inequality.)


  • The poverty rate in 2009 was the highest since 1994, but was 8.1 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available. The number of people in poverty in 2009 is the largest number in the 51 years for which poverty estimates are available.
  • In 2009, the family poverty rate and the number of families in poverty were 11.1 percent and 8.8 million, respectively, up from 10.3 percent and 8.1 million in 2008.
  • The poverty rate and the number in poverty increased across all types of families: married-couple families (5.8 percent and 3.4 million in 2009 from 5.5 percent and 3.3 million in 2008); female-householder-with-no-husband-present families (29.9 percent and 4.4 million in 2009 from 28.7 percent and 4.2 million in 2008) and for male-householder-no-wife-present families (16.9 percent and 942,000 in 2009 from 13.8 percent and 723,000 in 2008).

Posted in Insurance, Poverty | Tagged: , , , | 1 Comment »

Nonprofit That Helps Low Income Families with Housing and Financial Management Focus of March 1 Economic Perspectives

Posted by HH on February 26, 2010

Walter Moreau, executive director of Foundation Communities, will be the March 1 guest on Economic Perspectives on KAZI 88.7 FM, 5:30 p.m. – 6 p.m. central time.  Listen to the interview live online at  Foundation Communities is an Austin nonprofit organization which creates and manages affordable for low income families.  It provides a wide variety of services to the residents of its housing and other low income families to help break the cycle of poverty.  With real estate holdings valued at $67 million and a $4 million capital fund, it is one of the 10 largest nonprofits in Austin.

The support programs operated by Foundation Communities include:

Walter Moreau

  • Community Learning Centers, located right in the center of its housing communities, which are open daytime and evenings providing free services includings computer lab, pre-school classes, after-school programs, teen clubs and ESL classes,
  • Free tax preparation for low income families in Austin through its Community Tax Centers which prepare 17,000 tax returns annually,
  • Financial literacy education and support including matched savings accounts, and financial coaching.

Moreau has a Masters Degree in Public Administration from the LBJ School of Public Affairs at the University of Texas at Austin.  During his 20-year career, he has secured subsidy financing of more than $100 million to create more than 2,400 units of service-enriched, nonprofit-owned affordable housing.

Posted in Austin, Housing, Interview, Poverty, Radio | Tagged: , , | Leave a Comment »