re: Racial wealth gap widened between 2016-2022, federal reserve study finds

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Did you read your own article?
The gap is huge in both areas with the most segregation (new York, california) and cities with the most progressive laws.

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He doesn't read any of his bullshite he links.

The most racist places in the country are the liberal progressive cities. They're the most segregated by far. That's if they have an actual legit black population, which they usually don't. In places like Seattle, black people are a fetish to the white liberals.

Oh and c on z is white fwiw. He's admitted that a long time ago but he just can't blend in like most posters and needs an act now

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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

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He did not pose a theory, and what you posted agrees with what he posted.

I’m go into Saks Fifth avenue every 3 or 4 months because they carry a few creams and potions my wife likes. They have Louis Vuitton store inside the Saks and the customers are almost exclusively black.

Just a thought but Maybe you aren’t accumulating wealth because you’re spending all your money trying to appear wealthY?

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Surely you're not suggesting that a stable family structure could have an impact on success, bigot.

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Not to mention a cultural insistence on valuing education.

We live in a clown world.

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Nobody is holding the black man down in 2024. Nor were they in 1994.

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Derek Chauvin was

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Just a thought but Maybe you aren’t accumulating wealth because you’re spending all your money trying to appear wealthY?

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Gucci slides but living in Section 8 housing.

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When the study had an agenda (reparations/set-asides/etc.) on the front end, this conclusion is not mind-boggling.

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The entire premise is mathematically flawed.

First off... there is a problem with zero.
People with zero assets will get further and further from any mean and any median statistic.

Babies are born naked without anything. All assets are their parents. "Inheritance" would hit when the average life span of their parent is 78 years old.

Teenagers leave the home. Everything they have is what they could save under the age of 18. Over the next 4 years (college or not), they are more likely to have 0 wealth or negative wealth.

And then there is bankruptcy, divorce, and people who make poor choices.
There will always be people with no wealth.
The gap from the median or mean is always going to widen.
The statistic itself is flawed because it compares 60 year olds who have saved for 40 years versus an 18 year old who starts with the clothes on his back.

The next problem with the statistic is math.

If I (an 18 year old) have $1 and you (a 60 year old) have $100, we both can grow that wealth at the same rate.
Let's presume a 7.2% annual return.
We both double our money in 10 years using the same rate of growth.

I now have $2 and you have $200.
And these studies are going to bitch about widening the wealth gap when we experienced the exact same return over 10 years.

The only way to avoid widening the wealth gap is to shite on the 60 year old with negative to virtually zero returns. Any return or the 60 year old over 0.9% is going to widen the wealth gap.

The entire notion of this as to having any meaning whatsoever is bullshite.

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Is anyone seriously going to argue that systemic racism against blacks got worse between 2016 and 2022?

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It doesn’t have to get worse to make the gap grow. If you subscribe to the theory that initiatives like say the federal Highway system devastated the values of black home ownership then yes increased home values between 2016-2022 increased that gap. Home values are significant factor in creating generational wealth in the US for the middle class. That depends on if you believe that a bunch of those assumptions are true.
When I look at family wealth between those dates, I’m circling home values as the main source of family wealth within the middle class.
Im also seeing a ton of gen X (white baws) inheriting property and keeping property for investment. It may just be anecdotal, but the percentage of people with second homes has seemed to quadruple post Covid.

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Is anyone seriously going to argue that systemic racism against blacks got worse between 2016 and 2022?

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Well, ...