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That was no typo: The median net worth of black Bostonians really is $8
The Boston Globe ^ | December 11, 2017 | Akilah Johnson, Globe Staff

Posted on 12/12/2017 1:24:40 PM PST by tje

The $8 detail in the Globe’s Spotlight series on race in Boston is not a typo.

The median net worth for non-immigrant African-American households in the Greater Boston region is $8, according to “The Color of Wealth in Boston,” a 2015 report by the Federal Reserve Bank of Boston, Duke University, and the New School.

(Excerpt) Read more at bostonglobe.com ...


TOPICS: Business/Economy
KEYWORDS: blackkk; blacklivesmatter; boston; massachusetts; obamalegacy; thegreatsociety; welfare
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Another democrat success story.

(hopefully the globe is allowed.. if not, will the mods please remove)

1 posted on 12/12/2017 1:24:40 PM PST by tje
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To: tje

But, but, but, this an almost 100% leftist city, run by your typical incompetent politicians, none possessing any creditable education in useful trades.

I do not understand. How could that be?


2 posted on 12/12/2017 1:28:12 PM PST by Da Coyote
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To: Da Coyote

>>I do not understand. How could that be?<<

In Liberal Paradise you don’t need money. All your wants and needs are provided — swimming pools, movie stars.


3 posted on 12/12/2017 1:29:45 PM PST by freedumb2003 (Conservatives should do daily affirmations: reading/repeating the 9th and 10th Amendments)
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To: tje

It’s by design.

Slavery by another name.


4 posted on 12/12/2017 1:31:08 PM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
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To: tje

did day foget to include day 100 dolla nikes?


5 posted on 12/12/2017 1:32:25 PM PST by Pollard (TRUMP 2020)
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To: tje
That was no typo: The median net worth of black Bostonians really is $8

The calls for redistributionism and government interventionism, to combat inequality are sure to follow.

6 posted on 12/12/2017 1:33:28 PM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: tje

Sounds like Boston needs a Ferguson type of looting to improve the wealth of its blacks citizens.


7 posted on 12/12/2017 1:33:46 PM PST by Sedona13
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To: tje
Sleight-of-hand.

"Wealth" is nothing more than money you didn't spend on bling, Escalades and hoes but saved or invested it in something.

People who spend every penny they acquire on bling, Escalades and hoes as soon as they acquire it will never have "wealth" no matter how much of other people's money you confiscate and give to them.

8 posted on 12/12/2017 1:34:07 PM PST by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
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To: tje

Their usual thought is where’s my free stuff.


9 posted on 12/12/2017 1:34:32 PM PST by DownInFlames
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To: tje

Their usual thought is where’s my free stuff.


10 posted on 12/12/2017 1:34:33 PM PST by DownInFlames
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To: tje
OK...$8.interesting,to say the least.

But the first question that came to my mind when reading this was "what percentage of Boston's black population can read at a 4th Grade level?"

11 posted on 12/12/2017 1:34:34 PM PST by Gay State Conservative (Remember: All Cultures Are Equal!)
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To: tje

SOmething that should make the Segregationist, KKK creating, Democrat Party proud!

I still find it amazing how many blacks volunteered to stay on the plantation with their democrat masters.


12 posted on 12/12/2017 1:35:42 PM PST by eyeamok (Tolerance: The virtue of having a belief in Nothing!)
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To: tje

What is the Annual Spending by them and on them?


13 posted on 12/12/2017 1:36:05 PM PST by Paladin2 (There is no credible evidence that 0sama is a NBC.)
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To: eyeamok

Now your northern n____’s a Negro
You see he’s got his dignity
Down here we’re too ignorant to realize
That the North has set the n____ free

Yes he’s free to be put in a cage
In Harlem in New York City
And he’s free to be put in a cage on the South-Side of Chicago
And the West-Side
And he’s free to be put in a cage in Hough in Cleveland
And he’s free to be put in a cage in East St. Louis
And he’s free to be put in a cage in Fillmore in San Francisco
And he’s free to be put in a cage in Roxbury in Boston
They’re gatherin’ ‘em up from miles around
Keepin’ the n______s down

-Randy Newman “Rednecks”


14 posted on 12/12/2017 1:36:19 PM PST by dfwgator
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To: E. Pluribus Unum
People who spend every penny they acquire on bling...

"Net worth" involves the current market value of all things owned (bank accounts,investment accounts,houses,Escalades,etc) minus the total amount owed to others.

15 posted on 12/12/2017 1:37:48 PM PST by Gay State Conservative (Remember: All Cultures Are Equal!)
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To: Sedona13
What did that do for Ferguson, MO?

They may have big screen TVs but they have to go further to get their Swisher Sweets.

16 posted on 12/12/2017 1:38:13 PM PST by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: tje
Let's see.

If a lifetime of weed, crack, 40s, wine, hoes, dice, craps, lawyers, bail money, and fines etc. had been invested monthly in a Fidelity account instead, what might the picture be then?
 

17 posted on 12/12/2017 1:38:19 PM PST by Governor Dinwiddie
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To: tje

The “Study”

https://www.bostonfed.org/publications/one-time-pubs/color-of-wealth.aspx


18 posted on 12/12/2017 1:39:01 PM PST by Paladin2 (There is no credible evidence that 0sama is a NBC.)
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To: E. Pluribus Unum

“hoes”

I hope they bought “shovels” to complement their “hoes.” Urban gardens require a lot of work to be productive.


19 posted on 12/12/2017 1:39:15 PM PST by ProtectOurFreedom
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To: tje

There are no Black people in Boston...


20 posted on 12/12/2017 1:39:20 PM PST by EEGator
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