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Volume 30 Issue 25

Page 1

July 11, 2025

GREATER HOUSTON EDITION

AframNews.com

Vol.30, Issue 25

FREE

African-American News&Issues

“Addressing Current & Historical Realities Affecting Our Community”

GWEN RICHARDSON

FAITH, FREEDOM, AND FORTITUDE By: Sharon C. Jenkins

BUILDING PERSONAL WEALTH

INVESTING IN THE CHURCH OR YOURSELF? By: Roy Douglas Malonson

Every Sunday, across the country, millions of Black families open their wallets, lift their hands, and give their 10%. It’s an act rooted in faith, tradition, and deep spiritual conviction. The tithe—10% of one’s income—has been a sacred pillar in the Black church for generations. We give not just out of obligation, but out of gratitude, out of hope, and often out of struggle. And yet, in the backdrop of our giving, a painful truth persists: we’re still losing the wealth race. Despite decades of faithful tithing, Black Americans remain at the bottom of nearly every economic indicator. According to the Federal Reserve’s 2022 Survey of Consumer Finances, the median net worth

of Black households in America is just $44,900. White households? $285,000. That’s a sixfold difference. And while the church may be full on Sunday, the wealth gap is just as wide on Monday. This isn’t about blaming the church. The Black church has done more for our community than any other institution. It has raised our leaders, housed our movements, buried our loved ones, and lifted our spirits. It’s been our bank when banks turned us away, our shelter when the storm came, and our family when the world forgot us. But even with all its power, the church alone cannot close a $240,000 wealth gap. Wealth on pg. 3

Gwen Richardson is an accomplished author with 15 published books, including two NAACP Image Award nominees. She co-founded Cushcity.com, the largest African-American online retailer, and coordinates the National Black Book Festival—one of the largest gatherings of Black authors and readers in the country. Richardson also hosts Black Authors Matter TV, a weekly show that features authors, publishers, and book industry professionals. She resides in Houston, Texas, with her family. Here is her life story. In a heartfelt interview filled with wisdom, Gwen Richardson shares the powerful story of how faith, education, and a strong family foundation shaped her identity and legacy. A woman of vision and resilience, Richardson has spent her life turning ideas into action, all while staying grounded in the values instilled in her as a child. Richardson was raised primarily in Newport News, Virginia, She grew up in a community that was not only close-knit but deeply committed to faith, education, and mutual Faith on pg. 3 accountability. “My father was a


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