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re: Blacks make up 8% of millionaires in the US
Posted on 7/16/20 at 9:25 am to JOJO Hammer
Posted on 7/16/20 at 9:25 am to JOJO Hammer
Most wealth is in home ownership. Blacks home ownership is lower and homes in Black areas appreciate at a lower rate.
0
Posted on 7/16/20 at 9:25 am to coachcrisp
I’ve got better culture coming out of my arse.
Posted on 7/16/20 at 9:25 am to Tigahs24Seven
Only 8%? How do we get them to the 13% threshold? Gotta make it fair.
Posted on 7/16/20 at 9:27 am to doubleb
quote:
There are approximately 42-43 million Black Americans. 8% of those (3.5 million) are millionaires.
Pro athletes probably account for 3,000 or so of the 3.5 million which is really insignificant.
I dont even know where to start here man...
Posted on 7/16/20 at 9:27 am to Tigahs24Seven
quote:
Did all these folks win the lottery?
Possibly.... they certainly try more than other races.
Posted on 7/16/20 at 9:27 am to RD Dawg
quote:The 11,000,000 referred to households.
Here's a link that says 18,000,000+ LINK
I think it's far more accurate.
Posted on 7/16/20 at 9:27 am to Lynxrufus2012
That seems like a pretty impressive number if 13% of the population represents 8% of the millionaires. They seem to be representing their portion of the population fairly well.
Posted on 7/16/20 at 9:28 am to jimmy the leg
quote:
BTW.. 8% of 10 million = 800,000
So the conservative number is 700,000 give or take.
Liberal progressives are not going to like you dismissing them by utilizing logic (if you 10 million number is accurate).
You are correct..thanks for correcting my typo..Makes it even more relevant a topic.
Posted on 7/16/20 at 9:28 am to Tigahs24Seven
quote:
You know what would be even more fun? Lets look at the races NOT having their nuclear families destroyed, and NOT being held down by the democratic party to create modern day slaves. That is the real block to blacks creating ANYTHING in this Country. Its being done on PURPOSE..and people like you are helping.
Slow your roll ... I have never and will never support any of this liberal bullshite ... you must have me confused with someone else.
Posted on 7/16/20 at 9:28 am to theunknownknight
Remove trust fund babies, politicians, social media influencers and other drains on society and I bet the number of white millions drops pretty steeply as well. This is about a society’s ability to create wealth. Guys like Lebron and jayz aren’t making massive contributions to growing the economy or bettering society, but they have made billions of dollars between them, because our system is set up for them to
Posted on 7/16/20 at 9:29 am to SlapahoeTribe
quote:
I know what would be fun: let’s look at the races that are over represented by number of millionaires.
This is easy.
Asians make up 6% of the population and 8% of all millionaires
Over represented by 33%
Next is Whites
62% of the population
76% of the Millionaires
Over represented by 22%
Next Blacks
13 of the population and 8% of the millionaires
Under represented by 61%
Last is Hispanics
Make up 15%of the population and 8% of millionaires
Under represented by 87%
So Asian Americans are king in the US
Now why are they doing so well?
Maybe it is because their whiteness(from the what defines whiteness chart) is more white than white peoples.
Posted on 7/16/20 at 9:29 am to Tigahs24Seven
Does anyone have the breakdown of the rest of the races and their percentages?
Posted on 7/16/20 at 9:29 am to Strannix
Give it a rest a-hole. You’re a one trick pony.
-jews, just like any other group of humans, do not march in lockstep. The old joke is, get 3 Jews together and you get 4 opinions
-you might want to check Nobel prizes by ethnic group. They don’t just hand those out to their buddies.
-hard work IS an overriding characteristic in most Jewish families. The results are what they are.
You should try it rather than citing your self as a perpetual victim of a super secret organization of baddies who treat you all meany pants.
-jews, just like any other group of humans, do not march in lockstep. The old joke is, get 3 Jews together and you get 4 opinions
-you might want to check Nobel prizes by ethnic group. They don’t just hand those out to their buddies.
-hard work IS an overriding characteristic in most Jewish families. The results are what they are.
You should try it rather than citing your self as a perpetual victim of a super secret organization of baddies who treat you all meany pants.
Posted on 7/16/20 at 9:33 am to theunknownknight
quote:
Remove the NBA, MLB, and NFL: what is the percentage then out of curiosity
Wouldn’t make a dent in the millionaire percentage.
But, combined with entertainers, probably comprises almost the entirety of the UHNW segment.
Posted on 7/16/20 at 9:35 am to theunknownknight
quote:
Remove the NBA, MLB, and NFL: what is the percentage then out of curiosity
More than 8%.
Pro sports does very little to create generational wealth.
Posted on 7/16/20 at 9:39 am to theunknownknight
quote:
Remove the NBA, MLB, and NFL: what is the percentage then out of curiosity
FFS - there are only a few thousand, total, members of these groups, perhaps 10s of thousands if you consider alumni of these occupations and many are white.
There are millions of American millionaires and hundreds of thousands of black millionaires.
Posted on 7/16/20 at 9:40 am to Tigahs24Seven
now do Jews
Posted on 7/16/20 at 9:41 am to the808bass
These statistics from 2017 by the FED, may explain a little more why only 8% of the millionaires are black.
LINK
LINK
Posted on 7/16/20 at 9:41 am to Loserman
quote:ONE of every NINE Indian-Americans is a millionaire (Merrill Lynch Wealth Management). That's 200,000 of'em!...Those people KNOW the drill, and teach it to their young.
This is easy.
Asians make up 6% of the population and 8% of all millionaires
Over represented by 33%
Next is Whites
62% of the population
76% of the Millionaires
Over represented by 22%
Next Blacks
13 of the population and 8% of the millionaires
Under represented by 61%
Last is Hispanics
Make up 15%of the population and 8% of millionaires
Under represented by 87%
So Asian Americans are king in the US
Now why are they doing so well?
Maybe it is because their whiteness(from the what defines whiteness chart) is more white than white peoples.
Posted on 7/16/20 at 9:46 am to Lou the Jew from LSU
quote:
-jews, just like any other group of humans, do not march in lockstep. The old joke is, get 3 Jews together and you get 4 opinions
Lou, ordinary, middle-class Jews are losing a PR battle because of very high profile Jews in entertainment, media, and finance. I have observed it my entire life and it is simultaneously ironic and paradoxical.
quote:
-you might want to check Nobel prizes by ethnic group. They don’t just hand those out to their buddies. -hard work IS an overriding characteristic in most Jewish families. The results are what they are.
Ashkenazi probably carry an average IQ anywhere from 5 to 12 points higher than society as a whole. That certainly doesn't hurt (and unless you buy "IQ" as conspiracy, then it isn't nefarious - and East and South Asians are increasingly in this same category in the West.)
quote:
You should try it rather than citing your self as a perpetual victim of a super secret organization of baddies who treat you all meany pants.
The entire reason folks buy into conspiracies, generally, is that there is comfort in the belief that "someone" is in control of things, even if that someone is nefarious. Jews have been convenient scapegoats since at least the middle ages. That has ranged from merely prejudicial to existentially dangerous at times.
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