Net worth is where BM even with advanced degree trail WM without a degree.How did you get those numbers?
The median for black men with an advanced degree is ~$63k
For white men with just a HS diploma ~$30.5k
Half of black Millennials make less than 15k a year.
- Thread starter Asicz
- Start date
ultraflexed
Superstar
How did you get those numbers?
The median for black men with an advanced degree is ~$63k
For white men with just a HS diploma ~$30.5k
What year are these stats from
He got it from this thread
R.E.N. Spells Ren
Veteran
Indeed. Black folks, after centuries of oppression, are beginning to earn (tho still trailing our peers) more, but we're doing it at a time where cost of living is through the roof, so the wealth gap is still huge
.
That's from the OP. 2014.
zayk35
Superstar
Its hard out here for young black brothers especially those that come from terrible parents/ households...they in for a very rude awakening... I'm seeing it with my young nephews ...they lost in the sauce....they were very coddled and then turned 18 and expected to go out and get "it" with absolutely no kind of skill set whatsoever and no real ambition other than to rap....its gonna get ugly for them and many others with similar mindsets....
Freedman
Choppers For Karate Nggas
All those net worth / wealth statistics are more about assets than actual salaries. Ie Black man with advance degree makes 80k year no tangible assets has less wealth than white man with no degree making 40k and a 400k home given to him by his parents
Makavalli
Sinister is a system
Reading Threads like this i dont know if i should be happy or depressed
Happy for myself cause im doing ok not balling out of control like the 6ers on here but when my black friends and fam are struggling like this thats when nikkas see u and start pocket watching plotting the jook
Happy for myself cause im doing ok not balling out of control like the 6ers on here but when my black friends and fam are struggling like this thats when nikkas see u and start pocket watching plotting the jook
The kid with the 400k house is more valuable. He can borrow from that house and start a business. He could turn that in 300k a year especially if he knows the banker as he is white and probably have a relationship with someone in banking. That having someone close to you makes a difference as well
SheWantTheD
Veteran
Nikka no.My nikka did you even open the link
SheWantTheD
Veteran
should still be making more than 15k a year working a warehouse job.At some point you have to ask yourself why packing and sorting boxes is the limit of your skill set...
If enough people felt that way, they would.
Fact is its not viewed as more valuable than that, and automation will do away with it in the next 10yrs anyway...
Truth is, just being alive and gaining employment isn't enough to secure comfort, you need to take education seriously.
capt_saveahoe
All Star
Feels good to be on top in something.
It's all about generational wealth most African Americans had grandparents that lived through Jim crow era, blacks were overtly treated as second class citizens. It takes two generations of success for children to reap benefits of any kind of familial success.
Blacks also missed out on real estate inflation of the 1990s and 2000s, plus we didn't have the wealth to benefit from the tech boom.
I have friends that were dropping 500k on apartments when we started medical school, some where straight paying out of pocket. Turns out all it takes is to have grandparents with good white collar jobs and two professional parent household.
It's all about generational wealth most African Americans had grandparents that lived through Jim crow era, blacks were overtly treated as second class citizens. It takes two generations of success for children to reap benefits of any kind of familial success.
Blacks also missed out on real estate inflation of the 1990s and 2000s, plus we didn't have the wealth to benefit from the tech boom.
I have friends that were dropping 500k on apartments when we started medical school, some where straight paying out of pocket. Turns out all it takes is to have grandparents with good white collar jobs and two professional parent household.
David_TheMan
Banned
I believe your average black college grad has less job prospects than a white felon or white high school dropout.
R.E.N. Spells Ren
Veteran
And what is this belief based on? It doesn't jive with stats in the OP at all
