Good evening. I hope you had a terrific Tuesday.
This week is the Congressional Black Caucus Foundation's Annual Legislative Conference, a five-day convening in Washington, DC of thought leaders, legislators, grassroots organizers, influencers and celebrities to discuss issues impacting African Americans and the global Black community.
So in tonight's issue I will:
- break down the results of a new survey that shows what issues are most important to Black millennial voters in the 2020 presidential election,
- spotlight social scientist Terrance Woodbury, whose firm HIT Strategies specializes in millennial voter outreach
- and provide a guide to CBC Week events and panels focused around business, economics, and tech.
See you tomorrow.
Travers
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––Jide Zeitlin, a Black corporate executive, was recently named CEO of Tapestry, Inc., the parent company of luxury brands like Coach, Kate Spade, and Stuart Weitzman.
––Apple debuted the iPhone 11 today, which will include a triple-camera system, 5 hour longer battery life, new colors, and cheaper prices (with monthly payment plans!). It is expected to go on sale September 20.
––Angela Rye will be hosting a BET News Town Hall about the student debt crisis. "Young Gifted and Broke: Our Student Loan Crisis" will premiere on Sunday, September 15 at 8:00 pm ET/PT on BET.
––Michael Jordan has pledged $1 million for hurricane relief in The Bahamas.
––Business is booming for Black entrepreneurs in Cincinnati, Ohio.
––Viola Davis is the new face of L'Oréal Paris and wants women to know their worth.
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Study: Student Loan Debt, Criminal Justice Reform, and Cybersecurity are Top Priorities for Black Millennial Voters in 2020
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The Beyond Ideas Group, a Black-owned integrated public affairs company founded by former Obama White House and Treasury appointee Antonio White, has released the results of their inaugural "Black Millennial Economic Perspectives Report." The study offers insights on the financial hopes and fears of Black millennials, and highlights the top policy issues that will influence how we vote in 2020. Here are some key takeaways:
- While healthcare, immigration, and the state of the economy dominate mainstream conversations on top voter issues in 2020, a majority of black millennial voters will choose candidates who address student loan debt, criminal justice reform, and cybersecurity.
Student Loan Debt
- Nearly half of all survey respondents (46%) said student loan debt was the greatest risk to achieving financial stability and the American Dream
- 87% of respondents have some level of student loan debt, with nearly 60% owing over $50K in student loan debt, nearly double the national average
Savings and Wealth
- Only 21% of Black millennials are homeowners
- 79% of Black millennials have some form of credit card debt
- Two-thirds of the respondents anticipate having to care for an aging or retiring parent in the future.
Election 2020
- 94% of respondents plan to vote in the 2020 election.
- 57% said student loan debt solutions was the most important economic issue to them when selecting a 2020 presidential candidate.
- 36% said criminal justice reform was the most important domestic issue
- Nearly 60% indicated cybersecurity was the most important international issues.
Read the full Black Millennial Economic Perspectives Report here.
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Social Scientist Terrance Woodbury Has His Finger on the Pulse of Millennial Voters
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Terrance Woodbury is the Founding Partner of HIT Strategies, a messaging and strategy firm that uses innovative research methods to understand, communicate with, and mobilize some of the hardest to reach communities in society. Specializing in outreach to women, millennials, and minority communities, Terrance and his team know how to mobilize diverse voters. He spoke with Heart & Soul magazine recently about identifying shifting voter patterns.
"I believe millennials are the most transformative and disruptive force in American history, and if we ever realize that then we would have the country that we wish it would be." ––Terrance Woodbury, Founding Partner, HIT Strategies
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Your Guide to Congressional Black Caucus Foundation Week 2019
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If you are in D.C. and are planning to attend the Congressional Black Caucus Foundation Annual Legislative Conference, below are my top picks for panels and events related to Black business, economics, tech, and wealth-building. (Click here for the full schedule).
WEDNESDAY, SEPTEMBER 11
DC Chamber of Commerce Congressional Black Caucus Reception
6:30-9:30 pm
The Park at 14th
Register here
THURSDAY, SEPTEMBER 12
The Future of Cannabis-Hemp in the United States
10:00 am-12:00 pm
Walter E. Washington Convention Center, Room 103B
Money, Wealth and Disparities: Diversity & Inclusion Matter
10:00 am-12:00 pm
Walter E. Washington Convention Center, Room 202B
The Block and Beyond: How Entertainment, Sports & Innovation Yield Purchasing Power
12:00-1:00 pm
Walter E. Washington Convention Center, Exhibit Hall Spotlight Stage
Closing the Racial Wealth Gap: Home Ownership vs. Student Loan Debt
1:30-3:30 pm
Walter E. Washington Convention Center, Room 207B
No Planet B: Sustainable Businesses, Green-Collar Jobs, and the Renewable Revolution
1:30-3:30 pm
Walter E. Washington Convention Center, Room 202B
The Future of Speech Summit
2:00-6:00 pm
Eaton DC (1201 K Street, NW)
Register here
Tech is the New Normal: How Black Communities Thrive in the Digital Economy
4:00-5:00 pm
Walter E. Washington Convention Center, Room 204B
Register here
Black Money Matters 2: Income, Income, Income!
4:00-6:00 pm
Walter E. Washington Convention Center, Room 140B
An Evening with Stacey Abrams in The Family Room
6:30 PM
Metropolitan A.M.E. Church
Purchase tickets here
FRIDAY, SEPTEMBER 13
Professional Career & Job Diversity Fair
9:00 am-7:00 pm
Walter E. Washington Convention Center, Exhibit Hall
Financial Services Braintrust
9:00-11:00 am
Walter E. Washington Convention Center, Room 202A
Wealth Creation and You
10:00-11:00 am
Walter E. Washington Convention Center, Exhibit Hall Spotlight Stage
Diversity in the Media Industry: Obstacles and Opportunities
11:30 am-1:30 pm
Walter E. Washington Convention Center, Room 207B
Disruption or Innovation: A Blueprint for the Black Community in the Tech-Age
11:30 am-1:30 pm
Walter E. Washington Convention Center, Room 103A
Brand Yourself to Win: A Lunchtime Chat About Your Personal Brand
12:45-1:30 pm
Walter E. Washington Convention Center, Exhibit Hall Spotlight Stage
Currency Conversations with JPMorgan Chase
1:45-2:45 pm
Walter E. Washington Convention Center, Exhibit Hall Spotlight Stage
CBC TECH2020: TECHWORK
2:00-4:00 pm
Walter E. Washington Convention Center, Ballroom B
Register here
Hip Hop and Politics-Securing the Bag: Harnessing Financial Power to Influence our Community and the World
2:00-4:00 pm
Walter E. Washington Convention Center, Room 202A
State of African American Small Businesses: Increasing Wealth and Accessing Capital Through Innovation & Entrepreneurship
2:00-4:00 pm
Walter E. Washington Convention Center, Room 140A
Building Economic Power in Black Communities Through Business & Entrepreneurship
4:30-6:00 pm
Walter E. Washington Convention Center, Room 103A
SATURDAY, SEPTEMBER 14
Professional Career & Job Diversity Fair
10:00 am-1:00 pm
Walter E. Washington Convention Center, Exhibit Hall
SUNDAY, SEPTEMBER 15
Black Girls Brunch
12:00-4:00 pm
Brooklyn On U (1212 U Street, NW, Washington DC 20009)
Purchase tickets here
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