Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That means less than 1% of America's billionaires are black (while the general population is 13% black) and 60% of black billionaires is via sports and or entertainment.
More:
Quote:
In 1992, the median net worth of white families was $100,000 above that of black families, according to McKinsey. By 2016, the median white family was $152,000 wealthier than its black counterpart. During that period, the median wealth of white families grew over $50,000, McKinsey reports, but the median wealth of black families did not grow at all in real terms.
Any candidates talking about this? Blacks unemployment may be near record lows......but blacks don't seem to have much wealth....not surprising given how important home value is to ones wealth.
I don’t think it matters if the money is coming from sports ore entertainments the issue is the money isn’t there en masse and no m-no candidates will talk about issues like that-maybe Bernie once/if elected
I don’t think it matters if the money is coming from sports ore entertainments the issue is the money isn’t there en masse and no m-no candidates will talk about issues like that-maybe Bernie once/if elected
It matters to me. Blacks are going to continue to gravitate to avenues where they see people like them having success.....but those avenues are very constricted. Only a small percentage of people can become professional sports stars or entertainers, relative to the potential that could become rich via the array of different avenues that lead to the other 607 billionaires success.
That means less than 1% of America's billionaires are black (while the general population is 13% black) and 60% of black billionaires is via sports and or entertainment.
Any candidates talking about this? Blacks unemployment may be near record lows......but blacks don't seem to have much wealth....not surprising given how important home value is to ones wealth.
Well then, aren't you lucky. If Comrade Bernie gets elected all will be even....we'll all be poor.
That means less than 1% of America's billionaires are black (while the general population is 13% black) and 60% of black billionaires is via sports and or entertainment.
Any candidates talking about this? Blacks unemployment may be near record lows......but blacks don't seem to have much wealth....not surprising given how important home value is to ones wealth.
Isn't this kind of information part of Bernie's cornerstone of policy.
Isn't this kind of information part of Bernie's cornerstone of policy.
Maybe....but what are we hearing from the other side? What does the right have to offer to help improve these numbers? They are seeking the black vote....right?
Wow this is great news! Black Americans should use these success stories as a source of inspiration. All Americans should.
Yeah....Young black boys should want to be like Jay Z and Michael Jordan. So you get all these young black males thinking rapping or playing basketball as a viable career goal. What is the opportunity cost associated with such pipe dreams?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
