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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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To: Da Coyote

According to the article it’s due to borrowing more than you own. That includes credit card debt.


21 posted on 12/12/2017 1:40:50 PM PST by gitmo (If your theology doesn't become your biography, what good is it?)
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To: Gay State Conservative

“Bling” usually costs a lot but isn’t worth much.


22 posted on 12/12/2017 1:41:07 PM PST by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: tje

It’s that high?


23 posted on 12/12/2017 1:41:11 PM PST by Salvey
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To: tje

It’s that high?


24 posted on 12/12/2017 1:41:41 PM PST by Salvey
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To: tje

People in Boston are not the John and Samuel Adams types for sure.


25 posted on 12/12/2017 1:42:21 PM PST by Theodore R. (Let's not squander the golden opportunity of 2017. The golden opportunity is slipping away.)
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To: tje

then why cant all white stupid liberals POOL their money and hand it over to the bruthas’? Yeah, they can show conservatives what meanies’ we are (s/)


26 posted on 12/12/2017 1:43:38 PM PST by beergarden
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To: dfwgator

Roxbury is very expensive now———that must be a very old song.

.


27 posted on 12/12/2017 1:43:44 PM PST by Mears
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To: E. Pluribus Unum

What you said. Wealth comes from sacrificing or at least deciding that saving is more important than spending.

It could be suggested that, for those who see the rest of us as a Plan B to shore up their needs when they choose not to save for themselves, it is probably easier to spend everything.


28 posted on 12/12/2017 1:44:23 PM PST by NEMDF
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To: Mears

1974.


29 posted on 12/12/2017 1:44:31 PM PST by dfwgator
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To: Gay State Conservative

My point still stands.


30 posted on 12/12/2017 1:44:40 PM PST by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...

Leader Of Black Lives Matter Say Planet Of The Apes Is Racist Because It Mocks Him
The Doctor of Common Sense | July 13, 2017 | E. T. Williams
Posted on 07/13/2017 12:06:52 PM PDT by Morgana
http://www.freerepublic.com/focus/bloggers/3568982/posts


31 posted on 12/12/2017 1:44:48 PM PST by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: Pollard

And dey hundreds of dollahs of tattoos.


32 posted on 12/12/2017 1:45:22 PM PST by doorgunner69 (No video seems to happen a lot when they shoot somebody..........)
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To: tje

Sounds like everything is fine in this RATopia.


33 posted on 12/12/2017 1:47:10 PM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: gitmo

A nation of folks that abuse credit, a government that abuses credit too ... go fig?


34 posted on 12/12/2017 1:47:14 PM PST by Rurudyne (Standup Philosopher)
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To: tje

That is why I prefer Florsheim. Hold their value better.


35 posted on 12/12/2017 1:50:44 PM PST by gov_bean_ counter (Enough of the mindless rants of the obtuse.)
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To: tje
Deval Patrick's legacy?

-PJ

36 posted on 12/12/2017 1:51:39 PM PST by Political Junkie Too (The 1st Amendment gives the People the right to a free press, not CNN the right to the 1st question.)
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To: tje

“non-immigrant African”

I wonder if legal immigrants do better?


37 posted on 12/12/2017 1:53:43 PM PST by dynachrome (When an empire dies, you are left with vast monuments in front of which peasants squat to defecate)
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To: tje

Another city with democrat mayors/left wing mediots, city councils, democrat governors and congressits which has spent billions of $’s on LBJ’s War on Poverty.

Cities, where often the average black family is worse off financially now than before the War on Poverty!


38 posted on 12/12/2017 1:54:21 PM PST by Grampa Dave (Build Kate's wall! Keep illegals and illegal murderers/criminals out of America! MAGA! SLAP ACT!!)
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To: tje

That means half are worth LESS than $8. PITIFUL.


39 posted on 12/12/2017 1:54:42 PM PST by 2harddrive
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To: tje

That is quite a return on their investment for living on the liberal plantation for all these decades. They should be really proud. Decades of Democrat rule and they got 8 bucks in the bank!


40 posted on 12/12/2017 1:55:33 PM PST by Obadiah
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