Shocking Statistic: Two parent black/Hispanic households have half the wealth of white single parent households (legal, death)

[gallowsCalibrator]

Originally Posted by jade408

Considering most Americans find wealth in home ownership and generational wealth (even as small as passing along the family home) it is of no surprise there is a huge wealth gap.

1. Black people weren't allowed to get loans
2. Black people live in neighborhoods were home prices do not appreciate as rapidly
3. Redlining is common, even now, in neighborhoods with "too many" latino and black people
4. Black and latino adults are more likely to need to help other family members make ends meet and deplete resources and savings

So yes, 200+ years of policies have compounded and leave us with a wealth gap.

This. This. This. This.

[Packard fan]

Originally Posted by CAjerseychick

yup, shows that institutional racism, well- it does really still exist.

Despite what all the naysayers would have you believe on this forum with all their mockery and ridicule of SJW-ers...

(or maybe its like that guy on the radio was saying yesterday- that he is ok with white privilege, and wants his kids to have it too-
at least he's being honest)...

Hispanic ain't a race. Tho to be fair: word is the more "anglo" in culture a Latino family is, the less chance their kind will even claim "Hispanic". Too; take out the illegal alien Latinos, I think the income gap between anglos and Hispanics closes like as in real fast.

[Packard fan]

Originally Posted by Howest2008

I'm going to look at medium income first and then median wealth later ...

I Googled. The Pew Research Center....
White 2 party families $71,300
Afro-American 2 party $43,300
BA/BS 2 party white family
$106,600
BA/BS Afro-American 2 party family
$82,300

Uh; that ain't a real big gap between $106K and $82K, only 20 percent less. Too; many Black people have "easier" degrees compared to many anglo white people.

[CAjerseychick]

Originally Posted by Packard fan

Uh; that ain't a real big gap between $106K and $82K, only 20 percent less. Too; many Black people have "easier" degrees compared to many anglo white people.

but also to be fair, most of us (race irrelevelant) would rather have that 20% right? Thats pretty significant to me- it could put my kid through college for that year, and thats a big deal.

[Packard fan]

Originally Posted by Frogburn

Obama never focused on institutional racism but rather he encouraged an end to personal racism.

Institutional racism is worse in some ways because it keeps populations economically dis-empower.

I went through plenty of personal racism in Catholic high school at a mainly white high school, and a lot more of it in the US Marine Corps. But I encountered little to no institutional racism in either. In other words those institutions did not work to hold me back even though some individuals and some of my peers openly expressed their racism to me.

That's just weird about the USMC since to me, a civilian, ALL Marines are the same "race", colored "green".

[Packard fan]

Originally Posted by residinghere2007

When black people move to "good neighborhoods" that are majority white, white people will move away. Once those white people move away, even with upper income blacks predominantly left, that neighborhood will lose value.

Again, you all seem to be naive to this simple information for some reason.... (again back at ya lol )

That must be an eastern US thing cause MOST Black people who are higher income in Phoenix live in "white" areas, like Scottsdale and the anglos usually DON'T move out.

[lifeexplorer]

Originally Posted by jade408

Considering most Americans find wealth in home ownership and generational wealth (even as small as passing along the family home) it is of no surprise there is a huge wealth gap.

1. Black people weren't allowed to get loans
2. Black people live in neighborhoods were home prices do not appreciate as rapidly
3. Redlining is common, even now, in neighborhoods with "too many" latino and black people
4. Black and latino adults are more likely to need to help other family members make ends meet and deplete resources and savings

So yes, 200+ years of policies have compounded and leave us with a wealth gap.

Why would anybody need loans to buy anything? I saved enough to pay off my first home. Now I am buying my second again with full payment.

[FirebirdCamaro1220]

Originally Posted by Packard fan

That must be an eastern US thing cause MOST Black people who are higher income in Phoenix live in "white" areas, like Scottsdale and the anglos usually DON'T move out.

Um, it most certainly happened out west. Just look at Downey and Lynwood, CA in the LA Area, they both used to be majority white, before Mexicans moved into Downey and first blacks, then Mexicans moved into Lynwood. Now both cities are less than 10% white

[jade408]

Originally Posted by Tall Traveler

Why would I want my kids to be as poor as black and hispanics? Seriously, SJW's, if you don't give all of your wealth to poor blacks and hispanics, you are complete hypocrites. Y

My white privilege was obtained from my Father who taught me to join the military and put your life on the line, study and get advanced degrees, work more than everyone else, don't overspend, invest wisely, put your kids in the best schools you can and teach them to work, love your family and country.

Yes my grandparents said the same thing. And you know what, lots of people are still poor. We have family land, family homes and they are not worth as much as the ones a few miles up the road with similar conditions. It's the black tax in action.

[Harpaint]

Originally Posted by Redraven

IMO, the graph is meaningless unless it incorporates education, experience, credit scores, licensure, etc.; all the things that have meaning in earning potential!

^^^^ This.