It is IQ privilege.
Who Wants to be a Millionaire? Federal Reserve Study Shows Race Determines Your Likelihood of Becoming a Millionaire
I noticed that the article (and maybe the Fed study as well) did not break down the types of majors and careers that Blacks and Hispanics picked vs. the types of majors and careers that Whites and Asians picked.
Hard to become a millionaire on welfare unless you engage in a lot of fraud.
“..Federal Reserve Study Shows Race Determines Your Likelihood of Becoming a Millionaire..”
Federal Reserve Study Shows WORK and DESIRE Determines Your Likelihood of Becoming a Millionaire.
All my life I have had white people come up to me trying to give me a job, give me money, or give me “A”s in calculus, etc. Dang this white privilege! It is surely a hard thing to shake!
It is IQ privilege.
Why not include intelligence and perserverance and parental skillz as explaining variables?
Behavior has more to do with accumulating wealth than anything. Keep as much of what you make as possible, spend as little as possible. People who are more interested in having a nice car and nice clothes than saving and investing are far less likely to amass a million dollars. That has nothing to do with race.
Seriously?
The Federal reserve is qualified to answer social cultural questions?
How are they qualified to do that? A private club neither elected nor accountable?
The VERY essence of Crony Capitalism?
Seriously?
Race huh, I wonder how those numbers reflect all the gang bangers and promoters of the lifestyle rappers that have become millionaires pedaling hate?
Race does not determine things like that Ambition, entrepreneurial character, are the operant factors economic success. These qualities are not evenly distributed among populations.
Why is the federal reserve doing studies? This is why our country is so effed up! Nobody does their freakin job!
F U B O!
Race also determines your likelihood of becoming a professional basketball player.
(Paging Thomas Sowell, cleanup on aisle three.)
If you are able to direct cash flow to your own coffer... may I suggest not showing all your cards while playing the game?....for those of you who see any problem with what i just said ...then there is a good chance you will not be a “millionaire” ...why would I want to pay 30-50% of income to a government that is undermining the very ability to accomplish such things ...The article is just trying to promote the WHITE advantage crap...
Such a useless BS article.
Does it mention that a lot of blacks get their degrees from Useless State black college? Does it mention that maybe blacks shouldn’t consider rap music and the NBA as the only way to riches in the USA?
Maybe blacks need to shut up with their silly protests and start educating their children. And most the fathers need to try to understand what being a parent really means.
It wouldn’t have cost me a time to come up with the same outcome Bloomberg did with their study. Bloomberg just won’t allow itself to place blame where it belongs.
Ruck Face.
Skin color has very very very very little to do with wealth. Hard work, smarts, education, determination, culture have everything to do with it.
So it’s nothing more than a “chance” to become a millionaire. Nothing about talent, perseverance, work ethic, showing up, going the extra mile, innate intelligence and ability, a healthy attitude toward businesses, a lack of a chip on one’s shoulder. Nope, just a “chance” in life’s Millionaire Lottery. And the usual suspects are being held back by evil Asians and Whites.
What a load of Shinola.
Did they adjust the findings for pro athletes and rappers?