Median wealth of Black Americans 'will fall to zero by 2053', warns new report

[#1 pick]

Latinos are white.
So how are you comparing us as black men to those that are considered white.
You do realize America passed laws to eliminate all the people who signify with being white people from one another.
You do realize people with their culture can easily recreate readily than someone without their culture.
I also.know you never heard of fishbowl syndrome as well. Which you have and clearly are affected by as your whole rsnt is based on self equating. Also to own your business you must rely on sales closures rates from a larger entity or entities and those generally are white. Not to mention in reality every one can not own a business. Including the fact that corporations know this and have basically created a monopoly and politicized mostly everything out of actual reality as well. So in that how are you talking. What you are talking?
Especially in a recession as well.
Of which black people were not given Keynesian theories like our white counterparts. Who all are in power because of the implementation of Keynesian theories as well.

Keynesian theories purposefully restricted from being applied to us.
So we remain in this pattern of control.

You should do more research because self equation is not research.

Art Barr

Black people have an anifinty of talking to Black people and not knowing what they are talking about with pride. We are the least knowledgeable and the most vocal around each other. It's harmful what he just said on this site. Individual success cannot help the Black collective in this current system.

 

[MeachTheMonster]

This article is dumb. And yalls understanding of these concepts is dumb as well.

I guess that's why these types of articles are so effective

Wealth in America is simply Homeownership. Homeownership is trending down for everyone.

Black Americans own less homes to start, so obviously they would reach "0" first.

According to the criteria put forth in this article, everybody will reach "0" at some point.

Furthermore analyzing the "median" wealth of a group is dumb as fukk. Especially considering young people need to go into debt years before they can even begin to think about ownership.

Median, jus means in the middle. As college debt rises the "median" will get lower. More black people going to college means a lower "median" wealth.

The whole shyt is dumb as fukk, and you idiots keep letting these CAC "black people are in trouble" articles whip y'all into a tizzy.

Damn dummies

 

[Art Barr]

You don't realize how your father put you in a situation that's completely an anomaly for the most Black people. How many Blacks have a parent who brings in six to seven figures of income. That is not what the majority is seeing in their lifetime. Please, reframe from personal success mentions when discussing the Black collective as your advantages are superior to the majority of Blacks in this nation.

This.



Art Barr

 

[Art Barr]

This article is dumb. And yalls understanding of these concepts is dumb as well.

I guess that's why these types of articles are so effective

Wealth in America is simply Homeownership. Homeownership is trending down for everyone.

Black Americans own less homes to start, so obviously they would reach "0" first.

According to the criteria put forth in this article, everybody will reach "0" at some point.

Furthermore analyzing the "median" wealth of a group is dumb as fukk. Especially considering young people need to go into debt years before they can even begin to think about ownership.

Median, jus means in the middle. As college debt rises the "median" will get lower. More black people going to college means a lower "median" wealth.

The whole shyt is dumb as fukk, and you idiots keep letting these CAC "black people are in trouble" articles whip y'all into a tizzy.

Damn dummies

Housing market is dead in America.
No one in general has capital to purchase homes priced out of the general ability to acquire them from fraud mortgage and housing practices.



Art Barr

 

[#1 pick]

This article is dumb. And yalls understanding of these concepts is dumb as well.

I guess that's why these types of articles are so effective

Wealth in America is simply Homeownership. Homeownership is trending down for everyone.

Black Americans own less homes to start, so obviously they would reach "0" first.

According to the criteria put forth in this article, everybody will reach "0" at some point.

Furthermore analyzing the "median" wealth of a group is dumb as fukk. Especially considering young people need to go into debt years before they can even begin to think about ownership.

Median, jus means in the middle. As college debt rises the "median" will get lower. More black people going to college means a lower "median" wealth.

The whole shyt is dumb as fukk, and you idiots keep letting these CAC "black people are in trouble" articles whip y'all into a tizzy.

Damn dummies

 

[#1 pick]

Housing market is dead in America.
No one in general has capital to purchase homes priced out of the general ability to acquire them from fraud mortgage and housing practices.



Art Barr

It's not close to dead but it's overpriced and completely out of the Black collective hands. Even the white collective struggles with this to a degree. Housing is a wealth persons hustle in America. People from all over the world come here to buy and rent out housing.

 

[MeachTheMonster]

What's the snoop for?

 

[#1 pick]

What's the snoop for?

Breh, research. Please do research.

 

[MeachTheMonster]

Breh, research. Please do research.

research what?

What did I say that is not true?

 

[MeachTheMonster]

Also what these articles/conversations always negate to consider is that the overwhelming majority of wealth in this country is held by the top 5% of people. Who are almost all white. If you remove those people from the convo, then white peoples "wealth" would look a lot more similar to blacks. Hell, they're probably racing toward 0 faster than black people.

 

[Aviso]

Wow...it is even called trick baby. The one thing white America got black women to believe in being capitalist of the rogue nature and also hampered black America. Thank you, breh.

The word trick baby needs to be re-instituted back in the black lexicon and verbiage. It being removed from our verbiage via the project welfare mentality crippled black Americans beyond repair.

Art Barr

Yeah that movie is deep and it shows that whites intentionally create discord within the black community by raising up individuals that reject the black nuclear family structure. This is why we have c00ns, welfare queens, black feminists and gay men with platforms to openly reject any idea of black unity or to reject any idea of making whites responsible for their atrocities.

 

[#1 pick]

research what?

What did I say that is not true?

It's not true. It doesn't half way explain how we got to where we are today nor do you talk about what's currently happening. Your sum zero is false as the white, Asian collective aren't falling in this case.

 

[ogc163]

My man said wealth is "simply" homeownership

That along with the anecdotal bootstrap stories in an attempt to undermine macro data

Yeah I'm out

 

[MeachTheMonster]

It's not true. It doesn't half way explain how we got to where we are today nor do you talk about what's currently happening.

I talked about wealth In America and how this study came to its conclusion.

Obviously opportunity and therefore achievement has always been unequal in this country, and there is a long history of why that is and what is currently perpetuating that reality.

I just think this study and this article are playing very lose with numbers and context in order to get clicks.

College is more expensive. More black people are going to college. People are buying less homes for both financial and cultural reasons. Homeownership is no longer viewed as the be all end all goal that it was in the past. People are content with renting.

So if wealth = Homeownership-debt then it's not a surprise that the median wealth of all Americans would be on the decline. It's actually expected.

Your sum zero is false as the white, Asian collective aren't falling in this case.

The middles class is shrinking regardless of race.

The upper class in America is all white, therefore when we break these things up by race. White peoples numbers are misleadingly eschewed, and don't reperesent the reality for the average white person.

These stories are written without this context on purpose, to illicit an emotional response from readers.

Talking about how bad off black people are gets clicks.

 

[Kilgore Trout]

So if every other race ain't going to buy from you just because your skin color and your own race doesn't have the capital, whose gonna buy from you?

Stop being smart dumb and play your lane.

Unfortunately 90% of my clientele are non black but that's for another thread.


I want to know your solution or are you just a talking ass nikka? If it's the latter let me just put you on ignore.