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Friends, political leaders pay respects to former Gov. Richardson at Capitol

Richardson, a Democrat who served two terms as governor, died at the age of 75 earlier this month in Massachusetts. He lay in state at the Capitol rotunda Wednesday.

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GAVA show ends Sunday

GAVA show ends Sunday
gainesvilleregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gainesvilleregister.com Daily Mail and Mail on Sunday newspapers.

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Friends, political leaders pay respects to former Gov. Bill Richardson

Richardson, who served two terms as governor, will lie in state at the Capitol rotunda from 11 a.m. to 4 p.m. Wednesday.

Massachusetts , United-states , New-mexico , Santa-fe-indian-school , North-korea , Russia , Joseph-abeyta , Grande-sun , Beth-velasquez , Bill-richardson , Kathy-dickerson , Deborah-romero

Ekka | The Courier Mail

Ekka | The Courier Mail
couriermail.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from couriermail.com.au Daily Mail and Mail on Sunday newspapers.

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Cash Layken Dickerson

Cash Layken Dickerson

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Detailed text transcripts for TV channel - CNN - 20100927:05:49:00

> some astonishing numbers to tell you about now. in the past two decades the wealth cap between white and african-americans families has more than quadrupled and that got us wondering why are black americans earning less and saving less? cnn's stephanie elam talked to one couple who hopes to pass on their wealth to their kids. >> reporter: chris rock has joked about black people and their money. >> shaq is rich. the white man that signs his check is wealthy. wealth is passed out from generation to generation. >> reporter: there's a sad truth in his humor. studies show black people tend to chronically make less, save less and pass less money on to the next generation than their white counterparts, and if you don't have assets, you can't pass them on. >> give us lord, our daily bread. amen. >> reporter: marvin and kathy dickerson are making sure their family doesn't follow the same pattern.

Numbers , Us- , African-americans , White , Wealth-cap , Two , Reporter , Cnn , Man , People , Wealth , Money

Detailed text transcripts for TV channel - CNN - 20100927:02:50:00

less and pass less money on to the next generation than their white counterparts, and if you don't have assets, you can't pass them on. >> give us lord, our daily bread. amen. >> reporter: marvin and kathy dickerson are making sure their family doesn't follow the same pattern. >> one or two bad moves, and it's going to follow snow married for nine year, the couple started planning their finances well before welcoming 6-year-old kaylan and 3-year-old miles. >> how is this a fair fight? >> we knew we had to invest because we knew one day we were going to have kids, and we wanted our kids to have more than what we had. >> reporter: dickersons developed a budget, paid off their debt, began investing and set up a will, a trust and 529 plans to pay for their kids' college educations. >> we can pass that wealth or those assets on to our kids with a $1.5 million tax exemption. >> reporter: but this family is the exception.

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Detailed text transcripts for TV channel - CNN - 20100927:05:51:00

>> you work, you save. >> reporter: while marvin is a spender, kathy is a saver so the couple makes all big financial decisions together. >> kathy had this guiding principle, if she's -- you know she spent $100 she got a headache. as we got married and had more resources can you add another zero. it was like a few thousand dollars. >> reporter: valerie coleman morris, who focuses on financial literacy for women, young people and people of color, points to a couple of reasons black americans are so behind in creating wealth and passing it on. >> money is still a very much off limits topic in the average family but in african-american families it's almost taboo. the second thing is the 401(k). we are not participating, and when we do participate we're contributing far less than most other people but in addition to that, there is this overwhelm ing need for becoming more financially literate and we aren't. >> i'm not talking about rich. i'm talking about wealth. >> reporter: but it's more than

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Detailed text transcripts for TV channel - CNN - 20100927:02:51:00

according to the brookings instituti institution, the media net worth of black americans is about $28,000. compare that to $140,000 for the median household nationwide. what were your parents saying to you to make sure that it was so important that you two it? >> you work, you save. >> reporter: while marvin is a spender, kathy is a saver so the couple makes all big financial decisions together. >> kathy had this guiding principle, if she's -- you know she spent $100 she got a headache. as we got married and had more resources can you add another zero. it was like a few thousand dollars. >> reporter: valerie coleman morris, who focuses on financial literacy for women, young people and people of color, points to a couple of reasons black americans are so behind in creating wealth and passing it on. >> money is still a very much off limits topic in the average family but in african-american families it's almost taboo. the sec thing is the 401(k). we are not participating, and

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Detailed text transcripts for TV channel - CNN - 20100920:15:24:00

debt, began investing and set up a will, a trust, and 529 plans to pate for their kids' college educations. >> we can pass that wealth or those assets onto our kids with a $1.5 million tax exemption. >> reporter: but this family is the exception. according to the brookings institution, the median net worth of black americans is about $28,000, compare that to $140,000 for the median house hold nationwide. what were your parents saying to you to make sure it was so important. >> you work, you save. >> reporter: while marvin is a spender, kathy is a saver, so the couple makes all big financial decisions together. >> kathy had this guiding principle if she spent $100 he got a headache. as we got married and had more resources, you can add another zero, a few thousand dollars. >> reporter: valerie coleman

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