Black America Spends 44% of Income on Rent

[The Odum of Ala Igbo]

#BlackLivesMatter Introduces a New Visa Debit Card, and Revives the Toxic Old Myths of Black Capitalism | Black Agenda Report

Ball’s entire treatise, titled “the Myth of Black Buying Power” is not only worth reading in its entirety, it’s a thoughtfully maintained and frequently updated resource on the topic. Among much else, Dr. Ball reveals that “black buying power” phrase originated as the sales slogan of black marketers a generation ago who wanted to convince clients they had a lock on the black market. Ball points out that in the real world black America spends 44% of its income on rent alone. When you add utilities, transportation, food, clothing, student and consumer debt there’s next to nothing left to invest.

This gets at the simple point which is, the reason why people are poor is because - they have no money.

 

[Eastwoodjones]

Well when you consider that blacks are concentrated in large cities where the cost of living is high (and getting higher), it makes sense. But when you consider the lack of voter participation in these cities http://www.governing.com/topics/politics/gov-voter-turnout-municipal-elections.html we could have a chance at change...

 

[satam55]

#BlackLivesMatter Introduces a New Visa Debit Card, and Revives the Toxic Old Myths of Black Capitalism | Black Agenda Report


This gets at the simple point which is, the reason why people are poor is because - they have no money.

Black Conservatives or Black Leftists, Who should I listen to? I already just switched over to a Black Bank in the last few weeks (Industrial Bank) & I just sent my 1st deposit this week with a Black-owned Investment firm (Todd Capital).

 

[Responsible Allen Iverson]

Black Conservatives or Black Leftists, Who should I listen to? I already just switched over to a Black Bank in the last few weeks (Industrial Bank) & I just sent my 1st deposit this week with a Black-owned Investment firm (Todd Capital).

 

[Responsible Allen Iverson]

You should only be spending 33% max of your gross income on all home expenses (rent/mortgage, utilities, maintenance)

 

[The Odum of Ala Igbo]

Black Conservatives or Black Leftists, Who should I listen to? I already just switched over to a Black Bank in the last few weeks (Industrial Bank) & I just sent my 1st deposit this week with a Black-owned Investment firm (Todd Capital).

I pick from columns a and b and try to avoid glaring contradictions

 

[William F. Russell]

Far too high of a percentage, if true.

 

[Responsible Allen Iverson]

I just read the article. He was reaching with that one. It's just a design on a debit card, it's not that serious. He was acting like people really think that banking Black is the only thing they need to do to improve their lives. He also said things like managing the money we do have properly is not important and what we need is less unemployment. There are plenty of employed white people who are living paycheck to paycheck. All of our economic issues as Black people are connected and all are important. It sounded like he wants an end to capitalism which is fine but we need solutions for right now.

 

[G-Zeus]

thats fukked up..

i'm at 21% including all taxes..and lord knows we are taxed where i live.. 5000$/year

 

[newworldafro]

Black Conservatives or Black Leftists, Who should I listen to? I already just switched over to a Black Bank in the last few weeks (Industrial Bank) & I just sent my 1st deposit this week with a Black-owned Investment firm (Todd Capital).

Expound on Todd Capital

 

[Hard Times Nakamura]

You should only be spending 33% max of your gross income on all home expenses (rent/mortgage, utilities, maintenance)

Not possible living alone in NYC, LA, Miami etc. and building a career in a place where you're able to minimize discrimination relative to lower cost cities where CACS or c00ns will box you out of a job.

 

[ViShawn]

 

[Responsible Allen Iverson]

Not possible living alone in NYC, LA, Miami etc. and building a career in a place where you're able to minimize discrimination relative to lower cost cities where CACS or c00ns will box you out of a job.

Then you need to live with roommates until you can achieve that goal.

 

[iFightSeagullsForBread]

Gotta mobilize and fight for affordable housing

 

[chkmeout]

Then you need to live with roommates until you can achieve that goal.

welp