Worsening wealth inequality by race - bullsh1t

[TRUEST]

insults about your intelligence are usually meant to offend. yes this is correct.

word? and u got the impression ur kindergarten "insults" matter because???? better sit ur ass down somewhere u get humbled even more

 

[ugksam]

word? and u got the impression ur kindergarten "insults" matter because???? better sit ur ass down somewhere u get humbled even more

 

[kermit da hustla]

when will black people wake up and realize there is a concerted effort to squash any advancements made by our community since the end of jim crow? institutional racism hasn't been more blatant in recent times. whites are laughing at us.

 

[TRUEST]

when will black people wake up and realize there is a concerted effort to squash any advancements made by our community since the end of jim crow? institutional racism hasn't been more blatant in recent times. whites are laughing at us.

we're laughing right back

 

[kermit da hustla]

we're laughing right back

what, exactly, do we -- the black community -- have to laugh about? our community is under siege, threatened from all sides, and we're not doing anything about it. our kids are listening to chief keef and smoking dust, while whites/asians/hispanics are ensuring their kids are focused on getting an education and pushing towards prosperity.

 

[Food Mane]

yes i get mad when people dont know the inventions we created.

like, think about it. there was actually a law back in the slavery days that said every invention created by a slave BELONGS to his master. meaning, his master's name would be on that invention.

so for such a rule to have been made, there had to have been a barrage of inventions by several blacks...which were all usurped by the their masters.

man, people wonder why i'm arrogant. i'm standing on a rock of superiority. so u damn right i'm arrogant.

What were some of these inventions?

 

[TRUEST]

What were some of these inventions?

loook it up yourself.

EVERY SINGLE LABOR SAVING DEVICE THAT WAS CREATED DURING THE SLAVE ERA! EVERY. EVERY. EVERY. EVERY. If it was created in the United States and it was in the slavery time, it belongs to blacks. now go take a nap

 

[Food Mane]

loook it up yourself.

EVERY SINGLE LABOR SAVING DEVICE THAT WAS CREATED DURING THE SLAVE ERA! EVERY. EVERY. EVERY. EVERY. If it was created in the United States and it was in the slavery time, it belongs to blacks. now go take a nap

So, you don't know?

Got it.

 

[TRUEST]

what, exactly, do we -- the black community -- have to laugh about? our community is under siege, threatened from all sides, and we're not doing anything about it. our kids are listening to chief keef and smoking dust, while whites/asians/hispanics are ensuring their kids are focused on getting an education and pushing towards prosperity.

man listen. with every race, there are disgraces. and yes, i consider those instances of people u mentioned to be disgraces to the black race. but here's a piece of consolation:

there are at least 310 million people in the united states.

about 70 % are white = 217,000,000
about 12 % are black = 37,200,000

If you took just 12% (the entire black population) of 217,000,000 (the white population), what you get is a number that is nearly equal to the entire population of the black race in America = 26,040,000

so what does this mean.

when you have a majority (whites), of course, there will be more successes in that race because of the sheer number of them in the US. its not because they're on some superior sh1t like they like to make themselves believe. its just because of numbers.

 

[TRUEST]

So, you don't know?

Got it.

i aint gon list sh1t for u. u got fingers. google is ur friend. but i'll help point you in the right direction:

No. 127: Black Inventors

see the third paragraph. notice who had the idea and who developed the tool. notice who got credited for the invention.

 

[Black Hans]

Recession widens the wealth gap by race - Jun. 21, 2012

its funny how they seem to forget there are 300 million people in the US of which over 200 million is white.

i think there's a underhanded agenda by some in the public eye to find creative ways belittle the only race they see as a major threat to them.

=============================================


NEW YORK (CNNMoney) -- White Americans have 22 times more wealth than blacks -- a gap that nearly doubled during the Great Recession.

The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.

The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between white and Hispanic wealth expanded to 15 to 1.

The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.

The latter three groups saw their median household net worth fall by roughly 60% between 2005 and 2010, while the median net worth for white households slipped only 23%.

This allowed whites to leap ahead of Asians as the race with the highest median household net worth.
CNN iReport: Are you feeling the drop in net worth?

The racial wealth divide is nothing new. Black and Hispanic Americans have historically had lower incomes, higher unemployment and less education.

That makes it more difficult for these groups to save money and put their capital to work building wealth, said Tatjana Meschede, research director of the Institute on Assets and Social Policy at Brandeis University.

The Great Recession exacerbated the problem. In 2005, the net worth difference wasn't quite as stark. Whites had 12 times more wealth than blacks and 8 times more than Hispanics.

The main reason blacks and Hispanics did not fare as well during the economic downturn is that home equity makes up more of their wealth than it does for whites. The housing bubble that preceded the collapse pushed up homeownership rates among blacks and Hispanics, who relied more heavily on high-cost subprime loans to finance their purchases.

As a result, the implosion of the real estate market had a more devastating impact on black and Hispanic communities.

Asians, meanwhile, are more concentrated on the West Coast, which was hit harder by the mortgage meltdown. And the arrival of new Asian immigrants in the last decade contributed to the decline in overall wealth, according to Rakesh Kochhar, co-author of the Pew Research Center report on wealth.

Pew found that in 2005, home equity made up nearly two-thirds of the net worth of Hispanics and 59% of blacks, but only 44% of whites.

Blacks and Hispanics are also less likely to have assets in the financial system, such as savings accounts or stocks, Kochhar said.

And these groups also suffer from far higher unemployment rates than whites, whose unemployment rate is 7.4%, below the national average. Blacks, on the other hand, have a 13.6% unemployment rate and Hispanics, 11%.

The widened wealth chasm could have major ramifications going forward, experts said.

Having less wealth and home equity means it will be more difficult for blacks and Hispanics to send their children to college, which gives them a leg up on landing good jobs, said Roderick Harrison, senior research scientist at Howard University. That will further extend the wealth gap.

"The implications will be with us into the next generation, which will have greater difficulty in getting the kinds of jobs needed to start saving and building wealth," Harrison said. To top of page

This seems like an excuse to shyt on black people. Comparing assets? Really? Especially when it's over 200 million to 40 million and that 40 million isn't exactly the most popular bunch and doesn't own much to begin with. Hey, I'm all for black enpowerment but if you are somehow surprised by that number or think that it would even be close if black people were on point like that, you must be insane. This article had to be written for people who don't understand numbers or the definition of wealth.

 

[GreatestLaker]

A lot of ignorance in this thread. Including in that CNN article.

 

[Family Man]

the GOAT race

Too easy.

 

[SlasherFreak82]

They save and invest while minorities splurge and buy in excess.

This is the truth

@ little snotnose poor project kids bugging their single mother for $150 dollar sneakers and $200 outfits for easter, so they can show off @ school.

& scust @ the dumb parent that does it.

when said snotnose gets shot for said sneakers

 

[lachreyatarbabypits]

Real talk I work in a Korean neighborhood, and them nikkas got money. I see some bytch drive buy in her DB9 almost everyday.