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Spotlight on Research: Making a Difference in the Lives of Young Men of Color
The plight of young men of color, whether it is in education, the labor market, or involvement in the criminal justice system, has been and remains a challenge. The difficulties in the various areas of these young men?s lives have been well documented over time. The problems of young men of color have also engendered numerous responses. Policy initiatives at the federal, state, and local levels as well as endeavors by foundations have been undertaken to address these dilemmas.
The Unequal Effect of Interest Rates by Race, Gender
Household spending typically falls as interest rates rise, but the responses vary by race and gender. Data show that households with mortgages headed by white women cut their spending on durable goods about a quarter percentage point in the three years following a 1 percentage point increase in interest rates. This is a much larger reduction than for households with mortgages headed by white men or Black men or women. The differences highlight the challenge of understanding how policy interest rate changes affect a diverse population.