WE NEED MORE TWO-PARENT FAMILIES, EXPECIALLY IN THE AFRICAN AMERICAN COMMUNITY!
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
REESTABLISHING THE SOCIAL NORM OF TWO-PARENT FAMILIES
Today, a staggering number of children are growing up in households without the presence of a father. Shockingly, thirty percent of U.S. children are currently being raised outside of a two-parent home, with a particularly alarming 73% of black children born into single-parent homes. These distressing statistics surpass those of any other country in the world. This trend significantly contributes to child poverty and perpetuates a cycle of lifetime income inequality.
Children raised in two-parent households are statistically more inclined to pursue higher education (including Trades), graduate, and achieve higher income levels, — enabling them to provide their own children with educational opportunities for a brighter future.
SOMETIMES, THE BEST SOLUTIONS COME FROM OUR PAST – TWO-PARENT FAMILY!
A family member wrote below on Facebook, and I believe it is worth sharing to demonstrate how much we are losing in our families today.
BY AGNES POWERS
Even though my mother and father are deceased, I am very blessed to have had them as my parents.
I was lucky to have been born in 1955 to happily married, educated, and Christian parents. My mother and father loved their three children. By the time I was born, my parents had finally reached middle-class status after years of financial struggle. My mother had a difficult pregnancy when she was carrying me, her last child. She developed diabetes during the pregnancy, and my father learned to cook diabetic-friendly meals to help lower my mother’s blood sugar levels. My father was always concerned about my mother’s health, and I truly believed that if my mother had been married to someone else, she would have lived a much shorter life.
My parents were black intellectuals who exposed their children to various educational pursuits. My siblings and I learned to read before we started school, and we were always advanced readers. My sister and brother were smarter than I was, but my parents never compared me to them. When it became apparent that I was struggling in school, my father took a massive pay cut to move from Henry County, Virginia, to Danville, Virginia, so that I could receive a better education.
Even though I have always been good at reading and writing, I have always had difficulty learning new things. Luckily, my parents realized my learning problems. My father had more patience than my mother, so he became my official tutor. My sister and brother tutored me whenever my father couldn’t help me. Occasionally, my father even paid other people to tutor me. Looking back at my time in public schools, I realized that I successfully finished high school because my parents never gave up on me, even when I struggled to make decent grades.
Most people assumed that I went to college because my parents pressured me. My parents never pressured me to go to college. From the time I was little, I always wanted to attend college. I was not the best student in high school, but I was good at taking standardized tests. I think that this is because I have always been an advanced reader. Despite my mediocre grades, I applied and was accepted to attend Hampton Institute because my SAT scores were good. My weakness was my strength in college because I had weak academic skills, so I had to study. I got better grades in college than my siblings because I studied more than they did.
After I graduated from college and failed to get a good job, I applied and was accepted to attend Air Force Officer Training School. My parents thought I was crazy when I volunteered for the military, but were very supportive. My mother and father were incredibly proud when they attended, with my siblings, my graduation from Officer Training School. My father considered me a unicorn because the school was primarily white and male. Very few black females graduated with me. Until the day he died, Dad reminded me of how proud he was of me becoming an Air Force officer.
I have always been an eccentric, introverted loner. During their lifetime, my parents always gave me unconditional love. My parents accepted me even when I resigned from my military commission and worked low-paying jobs.
By the time both of my parents died, I was working in low-level government jobs, but my parents treated me the same as family members who made a lot more money. My parents encouraged me to be true to myself. Because of my mother and father, I am a proud, black, 68-year-old woman. I won the lottery with my parents. They were absolutely, positively fantastic.
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an N.C. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for Financial Literacy. I will help you get there.
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