The growth of the womanâs movement, and its impact on the consciousness of African-American women in particular, helped fuel a âblack womenâs literary renaissanceâ of the 1970s, beginning in earnest with the publication of âThe Bluest Eyeâ (1970), by Toni Morrison.
Even if you started saving every month since your childâs birth and earned an annualized average return of 7 percent, you have to put away $215 each month for college savingsâand thatâs for only one child attending a public college.
You're actually hurting your long-term wealth, though, because the average savings account is paying about 0.09% in interest. Yikes! Just the facts ... Let's put that national average interest rate for savings and money-market accounts (per the folks at Bankrate.com) into perspective. Let's say you have a whopping $25,000 parked in short-term savings as your emergency fund.