BIN: Black Information Network Partners with The Obama Foundation to Advance Community Engagement with Youth
'This powerful collaboration will deliver important, unbiased information to our audiences, promote civic engagement, and foster inclusive dialogue. In today's news environment, our responsibility is to ensure the stories, commitment and goals of civic and community leaders are heard by our listeners and carried forward by future generations,' said Tony Coles, President of BIN: Black Information Network.
'The Obama Foundation is proud to partner with BIN in this unique collaboration to advance youth engagement,' said Valerie Jarrett, CEO of the Obama Foundation. 'Working together, we will amplify the critical work of the leaders working every day to make a difference in their communities and elevate stories of progress, unity and justice to a wider audience, inspiring collective action for a more equitable future.'
This multi-year collaboration will build upon BIN's mission to provide a nonpartisan and responsible news service to the Black community while showcasing the transformative programs of the Obama Foundation, including the Leaders Program; My Brother's Keeper Alliance; Girls Opportunity Alliance; Obama Foundation Scholars; and others that empower young leaders, support educational and career opportunities and foster inclusive communities that incite leadership and sustainable change.
Additionally, BIN will advance the mission of the Obama Presidential Center in the runup to opening in 2026 by sharing and distributing stories focused on President Obama's legacy, community-driven initiatives on the South Side of Chicago and engaging in national conversations around equity, democracy and change.
About BIN: Black Information Network
BIN: Black Information Network reaches over 19 million monthly listeners and is distributed nationally through the iHeartRadio app and is available across more than 250 platforms and 2,000 devices as well as on local AM/FM broadcast radio stations across America, including Atlanta, Chicago, New York City, Philadelphia and Washington, D.C.
About The Obama Foundation
The Obama Foundation is a nonpartisan 501(c)(3) organization with a mission to inspire, empower, and connect people to change their world. That mission begins on the South Side of Chicago, where the Foundation is building the Obama Presidential Center. The Obama Presidential Center represents a historic opportunity for Chicago: a chance to build a world-class museum and public gathering space that celebrates our nation's first African American President and First Lady, steps away from where he began his career, where she was raised, and where—together—they made their home. Not only will the Center generate billions of dollars of economic opportunity and help reconnect and revitalize Jackson Park, but it will also serve as a reminder to young visitors—from around the city and from around the world—that their potential is limitless.
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Like many millionaires, much of her wealth is in long-term investments and her home, not easy-to-access cash. She still lives in her modest Orlando, Florida, house, socks away half her paycheck, fills the napkin holder with takeout napkins and lines trash cans with grocery bags. Still, Barley says it feels powerful to cross a threshold she never imagined reaching as a child. 'But it's not as glamorous as the ideas in your head,' she says. All wealth is relative. To thousandaires, $1 million is the stuff of dreams. To billionaires, it's a rounding error. Either way, it takes twice as much cash today to match the buying power of 30 years ago. A net worth of $1 million in 1995 is equivalent to about $2.1 million today, according to the U.S. Bureau of Labor Statistics. A seven-figure net worth is, to some, as outdated a yardstick as a six-figure salary. Nonetheless, 'millionaire' is peppered in everything from politics to popular music as shorthand for rich. 'It's a nice round number but it's a point in a longer journey,' says Dan Uden, a 41-year-old from Providence, Rhode Island, who works in information technology and who hit the million-dollar mark last month. 'It definitely gives you some room to breathe.' No other country comes close to the U.S. in the sheer number of millionaires, though relative to population, UBS found Switzerland and Luxembourg had higher rates. Kenneth Carow, a finance professor at Indiana University's Kelley School of Business, says commonalities emerge among today's millionaires. The vast majority own stocks and a home. Most live below their means. They value education and teach financial responsibility to their children. 'The dream of becoming a millionaire,' Carow says, 'has become more obtainable.' Jim Wang, 45, a software engineer-turned finance blogger from Fulton, Maryland, says even if hitting $1 million was essentially 'a non-event' for him and his wife, it still held weight for him as the son of immigrants who saved money by turning the heat off on winter nights. The private jets he envisioned as a kid may not have materialized at the million-dollar threshold, but he still sees it as a marker that brings a certain level of security. 'It's possible, even with a regular job,' he says. 'You just have to be diligent and consistent.' The resilience of financial markets and the ease of investing in broad-based, low-fee index funds has fueled the balances of many millionaires who don't earn massive salaries or inherit family fortunes. Among them is a burgeoning community of younger millionaires born out of the movement known as FIRE, for Financial Independence Retire Early. Jason Breck, 48, of Fishers, Indiana, embraced FIRE and reached the million-dollar mark nine years ago. He promptly quit his job in automotive marketing, where he generally earned around $60,000 a year but managed to stow away around 70% of his pay. Now, Breck and his wife spend several months a year traveling. Despite being retired, they continue to grow their balance by sticking to a tight budget and keeping expenses to $1,500 a month when they're in the U.S and a few hundred dollars more when they travel. Hitting their goal hasn't translated to luxury. There is no lawn crew to cut the grass, no Netflix or Amazon Prime, no Uber Eats. They fly economy. They drive a 2005 Toyota. 'It's not a golden ticket like it was in the past,' Breck says. 'For us, a million dollars buys us freedom and peace of mind. We're not yacht rich, but for us, we're time rich.' Sedensky writes for the Associated Press.
