black wealth

One of the big sources of data you see about racial wealth gaps is the Survey of Consumer Finances the Federal Reserve does every 3 years or so. They just released the latest one a bit over a week ago and it takes into account the changes in wealth for different races due to COVID and its...

https://archive.ph/WX5fL

Don't think anything is super shocking here but it shows particularly how migration has shifted in DMV and ATL. Charles outdoing PG is well-known but back in the day (up to almost 2000 I believe) DeKalb County, GA was #2 but is now #10 particularly after growth/migration to other counties in the...

Some young black boys are gonna watch this video & think it's cool :wow: #PRE #LLD

We will never see another rapper like Young Dolph. His family will never truly get over his loss. But black men, we must leave a legacy for our families! Who else is gonna save us???? Street nikkas usually leave their families with a PS4 & a $8k funeral bill when they die. Rest in heaven Young...

Us outsiders kno it as “O-Block” not a pocket watcher, hope these artists can put money together and buy their blocks tho more incentive to take care of sumn U own and invested in

I've known about breh for a while having been doing BTC stuff since 2015-16. He was a co-founder of one of the big exchanges, BitMex and is a regular ADOS breh from Detroit. Became a billionaire and lived large and now the feds are trying to bring him down. Unfortunately the Feds see crypto as...

Elaborately detailed piece by Jacobin. It's adapted from “Foreclosed: Destruction of Black Wealth During the Obama Presidency,” a report out from People’s Policy Project. Crucial snippets: A Program Designed to Fail *For homeowners, the largest source of potential relief was, ironically, that...

Black Americans have seen tremendous gains but also have experienced significant setbacks in the past 50 years, Henry Louis Gates Jr. told a Furman University audience Monday. Even as more blacks have entered the middle-class, many other African Americans have been beset by poverty, police...

African Americans were worse off financially in 2016 than they were in 2000. The median income for an African American household was $39,490 last year, according to U.S. Census Bureau data released this week. It was $41,363 in 2000. (Both figures are in 2016 dollars, so they have been adjusted...

U.S. black men earn 70 cents on a white man’s dollar While part of gap owes to education, a growing portion doesn’t Black workers earn less than their white counterparts in a worsening trend that holds even after accounting for differences in age, education, job type and geography, new Federal...

Black homeownership is “endangered,” according to the National Association of Real Estate Brokers (NAREB). The NAREB says the black homeownership rate is 41.7 percent, which is lower than the national homeownership rate during the Great Depression. The rate is the lowest of any ethnic group in...

I know there's a similar thread in TLR, but I feel this type of discourse is better suited for HL, and since there isn't a thread on it...... I would like the black intelligentsia's perspective on: The Citizens Trust Bank announcement What are the pros and cons that exist (or will arise) from...