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 What's Happening Today Good morning! It's Kristin with your daily morning digest.
Today is the first day of Black History Month, and in addition to celebrating all the contributions and achievements of the Black community, The Balance is going to address the homeownership gap between Black households and their counterparts. The Black homeownership rate for the third quarter of 2021 (the latest available data) was 44%, according to the U.S. Census Bureau, compared to 74% for White Americans and 65% nationally.
Throughout the month, we'll highlight articles and have conversations on Instagram Live with Black first-time homebuyers. We hope you'll join us tomorrow, Feb. 2, at 6 p.m. Eastern, when we chat with Brookings Metro senior fellow Andre Perry about redlining, segregation, and more.
Now, I'm sure many investors will be happy to put January in the rearview mirror after a bumpy ride in the markets. The Nasdaq lost close to 9%, the S&P 500 fell over 5%, and the Dow dropped more than 3% in January. In the bond market, yields are starting to stabilize after spiking at the beginning of the year. The yield on the 10-year Treasury note, often used as a benchmark for other interest rates, had surged over 17% in the first week of January.
But if markets have scared off some investors lately, cryptocurrency investors aren't as skittish. Bitcoin owners expect the price of Bitcoin to rebound from its recent losses to more than $55,000 over the next six months, according to a new study from Morning Consult.
- Kristin
Editors' Picks
Spotlight: Celebrating Black History Month In honor of Black History Month, we'll be highlighting content celebrating Black communities. Throughout February, we'll address the homeownership gap between Black households and their counterparts which has contributed to racial wealth inequality.  Housing segregation, redlining, and other racism in the U.S. housing market has denied Black Americans homeownership and widened the racial wealth gap for years. Off the Charts A monthly survey asking consumers about their financial vulnerability showed things took a sharp turn for the worse in January.
As the chart below shows, 29% of U.S. adults polled by Morning Consult Jan. 11-12, said they didn't have enough savings to cover a month's worth of basic expenses, an increase from 22.3% of those polled in December.  That many people haven't felt so financially vulnerable since the question was first asked in May 2020, shortly after the COVID-19 outbreak locked down much of the economy. Number of the Day  20 - That's how many months it took the bottom half of U.S. earners to recover from the COVID-19 economic crisis—a remarkably fast comeback, a new tracker of income shows.
SPONSORED BY DISCOVER PERSONAL LOANS The start of a new year is a great time to strengthen good money habits. These tips can help you reduce debt and take charge of your finances. LEARN MORE >
More From The Balance /tips-for-buying-your-first-home-d7a39189c9dd4bc39e6de466a343450b.png) Buying your first home is a huge commitment and a time-consuming process, but it can be easier with preparation. Learn the steps to take on your way to home ownership.  Updates to tax law and inflation adjustments have changed tax brackets and tax rates over time. This is how federal taxes have changed over the last 10 years.  The primary difference between a line of credit and a credit card comes down to how you access available credit. Learn how to choose the right one for you.  Follow The Balance on Instagram to join this discussion and receive IG live alerts!
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Celebrating Black History Month
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