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Transcripts for CNN Your Money 20130720 13:43:00

african-americans. the housing bust made catching up even harder. african-american households lost 53% of their media network compared to 15% for white households. with housing stabilizing, mack seize an opportunity. how can we get in on this recovery? the first thing we have to do is you have to start establishing credit immediately. you have to start paying your bills on time. you have to start budgeting. you have to start getting a stable job. reporter: a stable job like the ones in construction, martin allen hopes will be a bridge to something better. we try to tell all of the people, look. go to work right now. but use that as a stairstep to the next level. four to five to six carpenters can get together and form their own little company. reporter: as i was leading the interview, one guy tapped me on the on the shoulder and say we hear about trickle down economics but why isn t this economy trickling down to us?

Transcripts for CNN Your Money 20130720 13:31:00

unsendab unsendabu undeniable. almost 18 times the median met worth of african-americans about $6,000 and that gap grew significantly in the wake of the financial crisis. why the disparity and what can be done about it? talking race in america is never comfortable. but it s a discussion that is long overdue. revere revere reverend jess reverend jesse jackson, thanks for joining us this morning. so nice to see you. really important conversation we are having about inequality of wealth. inequality money in america. what is the number one factor in your view, the number one factor in your view that 50 years of progress we have not made progress on money? we are free but not equal.

Transcripts for CNN Your Money 20130720 13:44:00

one said he wwas 47 years ago w he opened his first bank account. you have the stock market highs but 25% of african-americans don t each have a bank account. and more people living paycheck to paycheck in america so that is good advice. a lot of the jobs coming back in this recovery are the low income, low wage excuse me jobs that sort of part-time so it s not exactly a fair recovery. thank you so much for that piece. do you know what this is? your kids know. it s not the latest digital movie device. it s a cigarette. is it safer the device or is it the way great companies are trying to market cool to your kids? dr. sanjay gupta joins me next with the facts. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer.

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