Economic disparities between races in Baltimore (2015, how much, house)

[Infinite_heights77]

*Interesting!

Report highlights economic disparities between races in Baltimore - Baltimore Sun
Report highlights economic disparities between races in Baltimore

Carrie WellsContact Reporter The Baltimore Sun

A new report examines the economic disparities between races in Baltimore.

A report released Monday paints in stark numbers what many already know: There is a significant gap in wealth between whites and other races in Baltimore.
Median household income for African-Americans in Baltimore is nearly half that of whites, $33,801 compared to $62,751, according to the report by the Corporation for Enterprise Development, a nonprofit based in Washington. More than two-thirds of black residents of Baltimore don't have enough liquid savings to survive for three months in case of job loss, compared to less than a third of whites. And the unemployment rate for black households in Baltimore is more than three times the rate for white households.
"The most overall important finding is how deeply segregated by race and how much race is an indicator of economic position in Baltimore," said Dedrick Asante-Muhammad, director of group's Racial Wealth Divide Initiative and a co-author of the report. "I think looking at racial economic inequality gives a more quantifiable way of looking at racial issues."
The study's authors don't make recommendations on specific policies, but CFED plans on working with six Baltimore nonprofits over the next year to address economic disparities. They include the Center for Urban Families, the Druid Heights Community Development Corp. and the Latino Economic Development Center.

The report also found that a third of households of color in Baltimore have zero net worth. About 42 percent of black households own homes, compared to 60 percent of white households. And just 13 percent of black adults have a bachelor's degree or higher, compared with 51 percent of white adults.

[MrRational]

Originally Posted by Infinite_heights77

There is a significant gap in wealth between whites and other races in Baltimore..

There is a significant gap in wealth between those who paid attention in school,
accumulated useful skills and then applied them in their lives compared to those who didn't.

Do you suppose there is any sort of correlation to be found?

[EdwardA]

Originally Posted by Infinite_heights77

*Interesting!

Report highlights economic disparities between races in Baltimore - Baltimore Sun
Report highlights economic disparities between races in Baltimore

Carrie WellsContact Reporter The Baltimore Sun

A new report examines the economic disparities between races in Baltimore.

A report released Monday paints in stark numbers what many already know: There is a significant gap in wealth between whites and other races in Baltimore.
Median household income for African-Americans in Baltimore is nearly half that of whites, $33,801 compared to $62,751, according to the report by the Corporation for Enterprise Development, a nonprofit based in Washington. More than two-thirds of black residents of Baltimore don't have enough liquid savings to survive for three months in case of job loss, compared to less than a third of whites. And the unemployment rate for black households in Baltimore is more than three times the rate for white households.
"The most overall important finding is how deeply segregated by race and how much race is an indicator of economic position in Baltimore," said Dedrick Asante-Muhammad, director of group's Racial Wealth Divide Initiative and a co-author of the report. "I think looking at racial economic inequality gives a more quantifiable way of looking at racial issues."
The study's authors don't make recommendations on specific policies, but CFED plans on working with six Baltimore nonprofits over the next year to address economic disparities. They include the Center for Urban Families, the Druid Heights Community Development Corp. and the Latino Economic Development Center.

The report also found that a third of households of color in Baltimore have zero net worth. About 42 percent of black households own homes, compared to 60 percent of white households. And just 13 percent of black adults have a bachelor's degree or higher, compared with 51 percent of white adults.

I guess the Black middle class in Baltimore proper is more or less a myth.

[pappjohn]

Over 75% of Baltimore residents are on the dole(welfare).
So city residents have it easier than many in the suburbs that have to work for a living.

[pwduvall]

Originally Posted by pappjohn

Over 75% of Baltimore residents are on the dole(welfare).
So city residents have it easier than many in the suburbs that have to work for a living.

Could you come up with some sources for your facts? According to report S2201 One Year Estimates, the percent of Baltimore households using the SNAP (Food Stamp) program is 26.0% vs 12.8% for the US as a whole. For Medicaid the story is similar: 25.4% for Baltimore and 15.3% for the US. You can look this stuff up without too much trouble (though the Medicaid reports are confusing - I used the S2704.) Census estimates that 21.3% of all Americans receive some form of public assistance: 21.3% of US Participates in Government Assistance Programs Each Month . I don't have a number for Baltimore but if you double the US totals, based one the usage of the big programs, you come up with about 43% . That is high, but not 75%. The percentage for the US as a whole is also pretty high.

Also, people forget that lots of working people receive means tested benefits. I know someone who has moved in and out of the SNAP program multiple times but was never completely unemployed and never received unemployment benefits. That is the kind of hard life that I have thankfully been able to avoid.

[pwduvall]

One thing to keep in mind is that about 3/4 of Black city residents were born in Maryland while about half of White residents were (B06004A&B.) I don't know where to find the statistic, but I'm pretty sure that even among Maryland born residents a much higher percentage of Blacks than Whites have lived in the city their entire lives. Among college graduates, only 47,000 of 127,000 were born in Maryland (B06009.) If Black Baltimorians accuse the relatively well off White population of being a bunch of outsiders (and they sometimes do,) they would be pretty accurate.

I'm not sure that having higher earning better educated people move into Baltimore hurts the native born population, but I would like to see the case for that. It would be interesting. It might be a stretch to accuse better educated outsiders of taking all the blue collar jobs.

[pappjohn]

Could you come up with some sources for your facts?

I buy and sell homes in Baltimore City. Most of the house which I don't buy are subsidized by the state and the residents are just renters. They pay very little, if at all.

Don't be fooled by the govt stats on Baltimore. For example, I'm told half the children in Baltimore City drop out before high school. Of those that remain ~ 70% graduate. So if you consider the entire picture, the graduation in Baltimore is far less than the 70% they claim. It's democrat propaganda to hide the truth.

The OP might be talking about Baltimore City and County, not Baltimore City!

[Woodlands]

Originally Posted by pwduvall

One thing to keep in mind is that about 3/4 of Black city residents were born in Maryland while about half of White residents were (B06004A&B.) I don't know where to find the statistic, but I'm pretty sure that even among Maryland born residents a much higher percentage of Blacks than Whites have lived in the city their entire lives. Among college graduates, only 47,000 of 127,000 were born in Maryland (B06009.) If Black Baltimorians accuse the relatively well off White population of being a bunch of outsiders (and they sometimes do,) they would be pretty accurate.

I'm not sure that having higher earning better educated people move into Baltimore hurts the native born population, but I would like to see the case for that. It would be interesting. It might be a stretch to accuse better educated outsiders of taking all the blue collar jobs.

I think ita more about perception. Some native born may be at odds with outsiders over cultural norms especially in transitional neighborhoods...Hanging on the corner drinking a beer out of a paper bag may be a norm in Baltimore but not in Des Moine thus calls to BPD to break up a corner are met with animus when the officer says they received a complaint from a neighbor...using chairs to guard dug out parking spaces( though newcomers are adopting it to) hacking (not computers) and other things are somewhat unique. I can also see politicos feeling threatend by changes in their electorial base and. Flaming the issue to ralley their base.....

[pwduvall]

Originally Posted by pappjohn

I buy and sell homes in Baltimore City. Most of the house which I don't buy are subsidized by the state and the residents are just renters. They pay very little, if at all.

Don't be fooled by the govt stats on Baltimore. For example, I'm told half the children in Baltimore City drop out before high school. Of those that remain ~ 70% graduate. So if you consider the entire picture, the graduation in Baltimore is far less than the 70% they claim. It's democrat propaganda to hide the truth.

The OP might be talking about Baltimore City and County, not Baltimore City!

OK, so you are saying that you make up facts to match your perceptions?

[bus man]

OK, so what of it? This report (or at least the excerpt that the OP posted) tells us nothing except that white people in Baltimore are financially better off than black people. It says nothing about why this is, or what could be done to raise up black wealth without tearing down white wealth.

So, I'll just cut to the chase: it's racism. Always and ever, it's racism. Anytime white people are shown to be better off than black people, it's racism.