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Wealth gap between whites and minorities is growing, Pew says
Los Angeles Times ^
| December 12, 2014
| Andrew Khouri
Posted on 12/12/2014 7:31:45 PM PST by ConservativeStatement
An unequal economic recovery has helped create the largest wealth gap between minorities and whites in more than a decade, a new report found.
The gap has grown, as white Americans -- who are more likely to own stocks -- rode surging financial markets to greater wealth, the Pew Research Center said Friday.
Meanwhile, minorities, hit harder by the housing crash, saw their wealth decline between 2010 and 2013.
(Excerpt) Read more at latimes.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: asian; black; caucasian; finances; indian; race
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To: Myrddin
I guess there are more of us than I thought. That’s why so many of us who should have retired are still working. :-(
81
posted on
12/13/2014 9:22:25 PM PST
by
mia
To: mia
I guess there are more of us than I thought. Thats why so many of us who should have retired are still working. :-(There is a strange paradox as well. I have a very broad skill set and my company pays me well for that skill set. I'm quite willing to put in 50 to 70 hour weeks. The rub is that my customers are on a "cheap streak" where they want the level of support and skill that I've applied to their problems for the last 20 years, but at about 1/3 the price. My boss puts out requisitions that mirror my skill set. Few qualified applicants get to the interview stage. When they make it, the whole thing falls apart when the salary offer is a horrible low ball. This has been going on for most of the last year. I got cut to 12 hours a week. I was available 50 hours a week just to snag that 12 hours. Just last week I started with a new project. It's 32 hours a week at my regular rates. The bonus is that I get to do it from my home office instead of shouldering the full cost of living 900 miles from home for an extra 8 hours of work each week.
82
posted on
12/14/2014 2:47:39 PM PST
by
Myrddin
To: Myrddin
It’s tough for so many families today, including my own. Just wish Obama was out of office. We, as a nation, are suffering terribly from a lack of honest leadership.
83
posted on
12/14/2014 2:59:07 PM PST
by
mia
To: ConservativeStatement
Women and minorities hardest hit.
84
posted on
12/14/2014 2:59:50 PM PST
by
dfwgator
To: Wiser now
Yes.
Someone—namely blacks—want more money.
85
posted on
12/14/2014 3:05:38 PM PST
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
"...by the mid 1960′s HALF of all blacks had moved into the middle class? Black families were intact, the door of opportunity had been opened, and discrimination became illegal. There was still plenty of racism and obstacles, but blacks were moving forward. Then, everything starts to change and unravel for the black family, as we see the big white liberal helping hand decide that government programs must be implemented. Welfare dependency soared in the 70′s. Government checks replaced husbands, gangs replaced Dads, and broken homes became the norm. By the 1980′s seventy to eighty percent of black babies were born to unwed mothers. These mothers lived their lives dependent on the government. Their children grew up and also depended on the government, and the vicious cycle of dependency began." http://blog.chron.com/texassparkle/2014/05/the-myth-of-white-privilege/
86
posted on
12/14/2014 3:08:23 PM PST
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
To: combat_boots
87
posted on
12/14/2014 3:16:31 PM PST
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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