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Message
Racial wealth gap widened between 2016-2022, federal reserve study finds
Posted on 3/22/24 at 9:11 am
Posted on 3/22/24 at 9:11 am
To me, this is proof that the gap is a lot more than just “systemic racism”. Is anyone seriously going to argue that systemic racism against blacks got worse between 2016 and 2022?
LINK
quote:
Black families saw gains in median inflation-adjusted wealth starting in 2016 and continuing through 2022, but the median wealth gap with white families grew.
LINK
35
Posted on 3/22/24 at 9:13 am to HailHailtoMichigan!
Out of control inflation caused by 0% interest rates and govt money machine disproportionately hurts poor people? No way!
Posted on 3/22/24 at 9:14 am to HailHailtoMichigan!
Nobody is holding the black man down in 2024. Nor were they in 1994.
Posted on 3/22/24 at 9:15 am to HailHailtoMichigan!
time to blame white people again
Posted on 3/22/24 at 9:16 am to HailHailtoMichigan!
And all they have to do...is look in the mirror for the main reason.
Posted on 3/22/24 at 9:17 am to HailHailtoMichigan!
The policies that blacks overwhelmingly vote for absolutely crushes them.
Posted on 3/22/24 at 9:18 am to skullhawk
And EVERY type of Asian person increased their gap to whites...go figure
Posted on 3/22/24 at 9:18 am to fallguy_1978
quote:
Nobody is holding the black man down in 2024
Don't tell LeBron that...said it's hard for him be a black man living in America.
Posted on 3/22/24 at 9:20 am to HailHailtoMichigan!
What about for South Asians that are just as dark skinned? Shouldn’t they be impacted?? Classic
Posted on 3/22/24 at 9:20 am to Dragula
quote:
Don't tell LeBron that...said it's hard for him be a black man living in America.
The disparity is very simple to explain. It's the percentage of single parent homes vs 2 parent homes. That's it.
Posted on 3/22/24 at 9:25 am to skullhawk
quote:
The policies that blacks overwhelmingly vote for absolutely crushes them.
It has nothing to do with policies If you want to look at the real root of the problems
Posted on 3/22/24 at 9:27 am to r0cky1
Which is? I'm genuinely asking this I don't have a dog in this fight.
Posted on 3/22/24 at 9:29 am to HailHailtoMichigan!
It's not really a secret that poor people in America in 2024 are poor because of bad decisions. Decisions that they know are bad yet do it anyway.
You couple that with increasing welfare after the pandemic and its a recipe for disaster
You couple that with increasing welfare after the pandemic and its a recipe for disaster
Posted on 3/22/24 at 9:30 am to Dragula
quote:
Don't tell LeBron that...said it's hard for him be a black man living in America.
LeBrons school has disadvantaged more black kids than the local justice system
Posted on 3/22/24 at 9:31 am to HailHailtoMichigan!
Seems to coincide with the time that homeownership for black people was at its lowest point in 50 years.
LINK
LINK
Posted on 3/22/24 at 9:32 am to HailHailtoMichigan!
quote:
Is anyone seriously going to argue that systemic racism against blacks got worse between 2016 and 2022?
Yes. They absolutely will.
Posted on 3/22/24 at 9:34 am to c on z
Black people had some really good successes around 2017,18 and 19. Unfortunately white liberal ideology and Covid made it all disappear
Posted on 3/22/24 at 9:35 am to r0cky1
quote:I'm assuming you mean the majority of households that are single parent? That's what you should mean, because that's why.
It has nothing to do with policies If you want to look at the real root of the problems
The only problem with saying policy is not a part of that root problem is incorrect. Policy absolutely incentivizes single parent households via welfare, medicaid, food stamps, etc. , etc. It's the democrats' greatest tool of keeping black people in line with their party, and it's a shining example of why democrats don't care about black people and are the party of racists.
Posted on 3/22/24 at 9:37 am to c on z
Here’s what is wrong with your theory
As the article states, black home ownership was *higher* in the 1950s than in 2019, despite widespread systemic racism
As the article states, black home ownership was *higher* in the 1950s than in 2019, despite widespread systemic racism
Posted on 3/22/24 at 9:39 am to HailHailtoMichigan!
quote:
Black families saw gains in median inflation-adjusted wealth starting in 2016 and continuing through 2022, but the median wealth gap with white families grew.
Damn. What a shame. Maybe black families can invest in themselves, go to college, work hard, and start building wealth with their degrees and careers. Not women's studies or african american studies but Math, Accounting, Finance, Law, Engineering, and Computer Science degrees.
What do I know as a brown immigrant Latino tho
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