yet ignorant blacks use Acting White as a put down to intelligent blacks... go figure, maybe they like being poorWealth in America: Whites leave minorities behind
(and we think you evil whiteys should give it away)
Because I am dubious. Most "whites" are in more financial trouble than most minorities because the "whites" invested their money into now defunct projects. I would love to have 0 in assets and debt. I do not. Until I straighten out a mortgage or 2 my future wealth is based on what I can earn and how fast I can pay down my student loans and car payment.
How many minorities in this study have: insurance to pay, car payment, mortgage, and student loans?
I suspect this is a strictly "stuff" oriented survey. How much stuff can you see in the house that is owned.
WHAT??
No Magic Unicorns arriving on rainbows for AA’s from Obama, with Free Mortgage Checks and Free Gas?
Peggy Joseph, from the 2008 Orlando Rally will be mighty disappointed.
WHO DA THUNK IT!
It makes perfect sense. If you are raised to accept handouts instead of working hard you will fall behind those that make more
of an effort. What the democrat party has done to blacks should be a criminal offense. Welfare will destroy ambition.
“Obama policies destroy black middle class.” (corrected headline)
Who’s more prejudice?.....black people or white people......I’ll let Chris Rock explain it to MSNBC....
Very graphic language warning.
http://www.youtube.com/watch?v=f3PJF0YE-x4
Yeah, it’s all Whitey’s fault. They are much more prosperous in Africa. /sarc
Strip out all of the single parent households from the statistics and it would show everyone that being a single parent leaves you poor. If they were to show the wealth of married couples who have been married more than 10 years you would seem some amazing things that they are trying really hard to hide.
yet ignorant blacks use Acting White as a put down to intelligent blacks... go figure, maybe they like being poorOnly because there are more white people in the country than minorities. That’s why they are called minorities!
As to being “poor”, I’ll take being poor in the USA over being middle class practically anywhere in the world.
Serial baby-daddies do not earn much. Work, marry, save, succeed.
>>White households, by comparison, had $113,149, the study found.
You mean...I’m not WHITE anymore?!?
I know what to make of the data.
During the housing bubble, a lot of poor blacks and Hispanics got free houses with no down payment liar loans.
The housing bubble made them think they were rich homeowners on their way to the American dream but their bubble house equity was just temporary funny money.
The housing crash put them back to poor again, the way they should be since they have done nothing to create or generate wealth for themselves.
So the article points out all the money they lost from 2006 to now, without mentioning it was all imaginary funny money from 2000 to 2006.
The fact is poor people had a paper gain followed by a paper loss and therefore lost nothing. By cherry-picking to start at the beginning of the housing crash rather than the beginning of the housing bubble, they pretend that poor blacks and Hispanics lost money.
In fact, poor blacks and Hispanics AND whites only lost money they never had, so really they in fact gained and lost nothing. But you can manipulate anything, and that is what they did.
“A paramount issue for this nation for the 21st century is to ensure the narrowing and closing of the racial wealth gap,”
Didn’t the government do enough harm in the 70’s by using welfare checks to subsidize out of wedlock babies in black ghettos? Fifteen years later we had the biggest violent crime wave since Atilla the Hun. When that didn’t finish off Western Civilization, they had to come up with “affordable housing”, which has brought the ratio of wealth for whites to blacks to 20 to 1, compared to 7 to 1 in 1995 .
How about the government making it a paramount issue to stay out of the business of “closing of the racial wealth gap” ?
Clearly these disparities is due to the tremendous amounts of government transfer payment made to whites. NOT
IF this data is real... then IT IS ALL THE dims FAULT... THEY PLANNED IT... CREATED IT and THEY FINANCED IT!
LLS
Obamanomics puts the screws to everyone, especially minorities...........there, fixed........
8:}
Kurt Vonnegut, Jr had a solution for this problem in a short story called “Harrison Bergeron”.
Ping to this...
The email I sent you yesterday fits right in with this article too......it appears. :-)
Victimology abounds...