’ the median net worth for a black woman in her prime earning years is about $5.’
Does this five buck figure make any sense to anyone? I agree with most of the article, especially the part about blacks miring themselves among folks with no drive or desire to succeed in basic education or in building a financial future. I call it ghetto think, it occurs in poor white areas also, I grew up in such an area and heard the talk of being held down by the powers that be and there was no point in trying you were beat from the start. I and my family never believed it as did similar families that made success in life their goal. We were and are successful in one way or another. It has to start in the family, it only takes one mother or father to break the cycle. I am an ignorant hillbilly and even I figured this out. Blacks, with a few shining exceptions, among them Carson, West, Rice, and others seldom see this. I do not think it is racism just a bad attitude and piss poor choices. One other thing, it is very easy to surround yourself with other deadbeats and moan about how unfair life is while waiting on the government handout, it is harder to pick yourself up and be somebody. The blacks owe the Feds a strong kick in the butt but it will never happen.
I have no information to discount K.D. Williamson's information. This $5 (average) would be what someone has after subtracting debt from assets. By mentally "calculating" the other statistics - size of college loans, their investment resistance and being viewed as high risk loans and vulnerable to scams - in the piece, this is not outside the realm of reality.
Your points are well taken. And cultural differences (much due to associations - staying on the liberal plantation would be one way to say it) are pointed out by Williamson as having great import in a group's success in acquiring wealth, mobility and generational movement up the socioeconomic ladder.
I attended a one room school in the 40’s & 50’s. We all had the same desks, pencils, paper,books & only one teacher.
There are NOT different desks manufactured for blacks.
There are NOT different books printed for blacks.
There are NOT different pencils made for blacks.
There are NOT different notebooks printed for blacks.
The buildings are the same—the heat-lights-cleanliness is the same for all the kids.
\Those who have experienced nothing more than a life of handouts will continue to expect that life of handouts.
Telling such people that those who are successful—to whatever degree—are evil and their enemies is just plain a game of baiting them to violence.
I worked hard my whole life, and often held more than 1 job. I own everything I have & have only a credit card debt of less than $10,000 total.
I am tired to the bone of hearing how evil I am for having ANYTHING of my own.