The Wealth Gap: For Every $100 in White Wealth, Blacks Hold $5.07 (Also Water Is Wet)

[Black Panther]

Whites Have Huge Wealth Edge Over Blacks (but Don’t Know It)

Believe that we live in a post-racial society, brehs

 

[CreepyMcCreeperson]

What's the point of all these studies?

 

[Black Panther]

The researchers suspect that the answer in part has to do with how little exposure Americans have to people who are unlike them. Given how economically and racially segregated the country remains, many Americans, and especially wealthy whites, have little direct knowledge of what life looks like for families in other demographic groups.

But the pattern this study identifies isn’t simply about lack of access to accurate information. As Mr. Kraus points out, popular videos and charts regularly circulate on social media highlighting the startling levels of inequality in America. And yet, many people who click on them forget about the severity of inequality just long enough to be surprised by it again in the future.

“Despite this information being out there, we don’t really take it in,” Mr. Kraus said. This happens “in a way that suggests that maybe we’re motivated to forget it, or motivated to distort it in our own minds.”

He and Ms. Richeson suspect that we also overgeneralize from other markers of racial progress: the election of a black president, the passage of civil rights laws, the sea change in public opinion around issues like segregation. If society has progressed in these ways, we assume there’s been great economic progress, too.

 

[MeachTheMonster]

These studies are dumb. The wealth gap is fukked for all Americans.

Remove the top ~5% and the "racial wealth gap" would be a lot smaller.

These "studies" are just a way to get clicks as people seem infatuated with talking about how fukked black people are

 

[ogc163]

These studies are dumb. The wealth gap is fukked for all Americans.

Remove the top ~5% and the "racial wealth gap" would be a lot smaller.

These "studies" are just a way to get clicks as people seem infatuated with talking about how fukked black people are

Yeah, and? It wouldn't undermine the point of the article as the gap would still be substantial.

 

[Maschine_Man]

These studies are dumb. The wealth gap is fukked for all Americans.

Remove the top ~5% and the "racial wealth gap" would be a lot smaller.

These "studies" are just a way to get clicks as people seem infatuated with talking about how fukked black people are

This.

There are more poor white ppl than there are black ppl in total. I find it convenient when these studies use the "wealth gap" and "wage gap" to cause these alarming click bait articles and headlines. it's weak and ppl keep falling for it.

YES there is a wage gap, YES there is a wealth gap, but "For Every $100 in White Wealth, Blacks Hold $5.07" really? shyt you ALL can look around and see that ain't the case, so why let these headlines fool you. these are just games ppl play with numbers to create outrage.


when you look at the MEDIAN income level, things tell a much clearer story.

 

[MeachTheMonster]

Yeah, and? It wouldn't undermine the point of the article as the gap would still be substantial.

Yes it would. The articles claim is that there has been no financial progress to go along with the social progress, and that people just don't see the gap.

The article is wrong on the first point, and right on the second for the wrong reason.

There has been plenty of financial progress for black people in america, and the reason people don't see the wealth gap is because there isn't one for the majority of average Americans. The average poor/working class white family isn't much if any better off than their black counterparts.

What the article neglects to mention is during the time of that great social progress, we've had a governance that has placed all the gains into the hands of a few at the top. So as social and economic progress has been made by black people, wealth gap for the entire country has skyrocketed erasing any gains black people may have made.

 

[ogc163]

Yes it would. The articles claim is that there has been no financial progress to go along with the social progress, and that people just don't see the gap.

No the article does not claim that there has not been financial progress for black people, they claim that whites have a tendency to have a very skewed idea of how much financial progress has actually occured.

The article is wrong on the first point, and right on the second for the wrong reason.

There has been plenty of financial progress for black people in america, and the reason people don't see the wealth gap is because there isn't one for the majority of average Americans. The average poor/working class white family isn't much if any better off than their black counterparts.

And so what about the data juxtaposing the wage gap between Blacks with a college degree and Whites without one? Do you feel that is not relevant?

What the article neglects to mention is during the time of that great social progress, we've had a governance that has placed all the gains into the hands of a few at the top. So as social and economic progress has been made by black people, wealth gap for the entire country has skyrocketed erasing any gains black people may have made.

 

[MeachTheMonster]

No the article does not claim that there has not been financial progress for black people, they claim that whites have a tendency to have a very skewed idea of how much financial progress has actually occured.

The article gets its reasoning wrong. The reason they don't see it, is because it doesn't exist for most "normal" people.

And so what about the data juxtaposing the wage gap between Blacks with a college degree and Whites without one? Do you feel that is not relevant?

I never said that a wage gap was nonexistent or irrelevant. I said thes articles always ignore the context of how the wage gap has skyrocketed for ALL Americans. Cause they don't want to talk about the fact that blacks and whites are fighting over the mere scraps the ruling class allows us to.

You really want black people to make financial gain, you wouldn't be talking about a "wealth gap" with other poor people. We all should be talking about how to wrestle some wealth out of the hands of the top ~5%

 

[ogc163]

The article gets its reasoning wrong. The reason they don't see it, is because it doesn't exist for most "normal" people.



I never said that a wage gap was nonexistent or irrelevant. I said thes articles always ignore the context of how the wage gap has skyrocketed for ALL Americans. Cause they don't want to talk about the fact that blacks and whites are fighting over the mere scraps the ruling class allows us to.

You really want black people to make financial gain, you wouldn't be talking about a "wealth gap" with other poor people. We all should be talking about how to wrestle some wealth out of the hands of the top ~5%

There are countless articles about wage gaps regarding all Americans, articles that look at the specific and disproportionate impact it has on Black is not problematic. And there are different articles that articulate that peoples perceptions are skewed when it comes to financial standing and success so I'm still not seeing your beef with these type of articles.

 

[Reality]

This.

There are more poor white ppl than there are black ppl in total. I find it convenient when these studies use the "wealth gap" and "wage gap" to cause these alarming click bait articles and headlines. it's weak and ppl keep falling for it.

YES there is a wage gap, YES there is a wealth gap, but "For Every $100 in White Wealth, Blacks Hold $5.07" really? shyt you ALL can look around and see that ain't the case, so why let these headlines fool you. these are just games ppl play with numbers to create outrage.


when you look at the MEDIAN income level, things tell a much clearer story.

Don't confuse income and wealth. You can't observe wealth as easily.

My white counterparts and I live similar lives on the surface, but a lot of them are still inheriting money passed down from their great-grandparents, etc.

 

[Jimi Swagger]

Average White person does't have black friends, the ones they do are probably middle class (or fronting on Instagram), not po' nikkas. Or whoever they see on television Beyonce/Jay and Clair/Cliff.

White people that actually befriend other non-Whites are usually outcasts by the mainstream (hippies, Jews, radicals, etc)

 

[Maschine_Man]

Don't confuse income and wealth. You can't observe wealth as easily.

My white counterparts and I live similar lives on the surface, but a lot of them are still inheriting money passed down from their great-grandparents, etc.

but...most don't.

 

[MeachTheMonster]

There are countless articles about wage gaps regarding all Americans, articles that look at the specific and disproportionate impact it has on Black is not problematic. And there are different articles that articulate that peoples perceptions are skewed when it comes to financial standing and success so I'm still not seeing your beef with these type of articles.

Because they purposely leave out context in order to get "black vs white" "blacks are fukked" clicks.

If the goal was truly to get to the bottom of the situation then there's no way you would leave out that context

 

[ogc163]

but...most don't.

But...White families are twice as likely to receive an inheritance as black families, and that inheritance is nearly three times as much.