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Old 03-31-2016, 08:48 PM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,243,006 times
Reputation: 57825

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Quote:
Originally Posted by GuyNTexas View Post
Total horse $hit. The average family, of whatever color, has no where near a $600,000 net worth, as most of them are paycheck to paycheck, and in debt up to their ears.

More liberal race baiting, with not an iota of credibility.
It's very common to have a $600k or more net worth and still live paycheck to paycheck and be in debt. All it takes is to have bought a home in the 1980s in the Seattle, San Francisco or other high cost area,
with $500k+ now in equity, good life insurance policy, and a pension and/or 401k that you can't touch yet.
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Old 04-01-2016, 07:08 PM
 
Location: Texas
37,949 posts, read 17,882,153 times
Reputation: 10371
Quote:
Originally Posted by Hemlock140 View Post
It's very common to have a $600k or more net worth and still live paycheck to paycheck and be in debt. All it takes is to have bought a home in the 1980s in the Seattle, San Francisco or other high cost area,
with $500k+ now in equity, good life insurance policy, and a pension and/or 401k that you can't touch yet.
ok to dumb it down "It's very common to have bought a home in the 1980s in the Seattle, San Francisco or other high cost area and have it almost paid off". Yea that's real common.
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Old 04-02-2016, 12:43 AM
 
Location: 20 years from now
6,454 posts, read 7,013,265 times
Reputation: 4663
Yes--middle class Black people have the least advantages out there.

They neither have the representation and political support that poor blacks do...nor do they have the privelges that simply come with being white and middle class.
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Old 04-02-2016, 02:08 AM
 
56,988 posts, read 35,227,522 times
Reputation: 18824
Quote:
Originally Posted by itshim View Post
Yes--middle class Black people have the least advantages out there.

They neither have the representation and political support that poor blacks do...nor do they have the privelges that simply come with being white and middle class.
Hmmmm...interesting take.
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