Black people are arguing whether or not $10,000 is a lot of money

[Left.A1]

10% of Americans have a household income of 15k or less




nikkas are out of touch man.

 

[Gloxina]

Statistically the average black families wealth is projected to be 0 dollars in the next few decades. But somehow all these young black people on fb are proving that stat wrong.

2050. I quoted that article so many times I got tired of it. The black community as a whole—ALL ETHNICITIES grouped together— is broke. People fronting online when the stats say different.

 

[keon]

lil baby say you need 10k to hop in a dice game wit him lol

 

[Trojan 24]

Just 3?

Yeah

 

[Elle Seven]

$80/month....

Idk I never ejaculated. I just get beat on and spit on. Sometimes I let them cut me with a serrated edge. Depends on how emasculated and degradation I am hungry for.

Sounds like you and your lady friends have a system that seems to work for you both.

I was concerned they might be charging $50 for kitty, but it seems you're getting something more exciting.

Godspeed.

 

[Tair]

"The median household income for Black U.S. households in 2021 is $46,400, which means half of households headed by a Black person earn more than that and half earn less. Broader analysis shows that 52% of Black U.S. households earn less than $50,000, while 48% make $50,000 or more."

"Three-in-ten make $75,000 or more, including about a fifth (19%) that make $100,000 or more."

Facts About the U.S. Black Population

Key statistics and data about the demographic, geographic and economic characteristics of the U.S. Black population.

www.pewresearch.org

"Median household income typically peaks when workers reach their 40s and 50s, when many are well established in their careers, and 2020 was no exception. Households with workers ages 45 to 54 brought in the most income, with a median $97,089. This was a 2.6 percent increase in real median income from the previous year."

U.S. Household Income By Age, Gender, Education and more | Bankrate

Real median income for full-time, year-round workers decreased for the second year in a row in 2021, but many have recovered jobs since the peak of the COVID-19 pandemic.

www.bankrate.com

Folks got to stop lying out here. Those #s don't lie.

 

[kevin arnold]

Ehh.. it is, but it isn’t. I mean I spent 7k out of this account on bullshyt last month, but in regards to starting a business that’s kind of tough too because you have no room for error depending on what you’re trying to do with just 10k

 

[MJ Truth]

It’s simple.

$10,000 is a LOT of money if you don’t have it or never had it and just got it for the first time.

$10,000 is relatively nothing when you have it or have had it or are used to having it. Age could also play a part in this.

It’s really just a matter of perspective.

 

[Ohene]

I’ve blown thru $10k in a month but that doesn’t mean it’s not a lot of money…it just meant I spent a lot of money foolishly

basically or spent it cause you had to.

i had a month spending about $5K on two friends bachelor trips...$1700 on lawyer fees, $2k on rent lol

 

[cauliflower]

I could pay 6-7 months of rent. That's a lot of money for me at least.

 

[Michael's Black Son]

First world problems

Exactly.

And for the record, $10 is “a lot” of money.

That’s a deposit on a crib + first months rent, furnishings and food. Or a decent set up to buy a nice computer and peripherals to go with it.

And someone who can stretch a buck can really hustle with that kind of $. $10k is 5-10 trips if you do it right.

 

[Loose]

Quick answer no but yes?

Long form answer it can help for a few rainy days if you lose a job, things like car problems rent food etc adds up. It won't last you long; But average person don't even have 1k in they account

 

[Tribal Outkast]

Give anybody in that conversation a 10,000 lump sum of cash right now and they’re going crazy lol.

 

[UberEatsDriver]

Louisiana I'd nit as bad with the race relations like yall think. Racism is everywhere

Louisiana has a serious poverty issue. It has got to be one of the few states where I barely hear of Fortune 500 company being located or headquartered there.

Sh*t just realized the hard rock hotel was demolished before it was even completed in New Orleans

 

[Trojan 24]

"The median household income for Black U.S. households in 2021 is $46,400, which means half of households headed by a Black person earn more than that and half earn less. Broader analysis shows that 52% of Black U.S. households earn less than $50,000, while 48% make $50,000 or more."

"Three-in-ten make $75,000 or more, including about a fifth (19%) that make $100,000 or more."

Facts About the U.S. Black Population

Key statistics and data about the demographic, geographic and economic characteristics of the U.S. Black population.

www.pewresearch.org

"Median household income typically peaks when workers reach their 40s and 50s, when many are well established in their careers, and 2020 was no exception. Households with workers ages 45 to 54 brought in the most income, with a median $97,089. This was a 2.6 percent increase in real median income from the previous year."

U.S. Household Income By Age, Gender, Education and more | Bankrate

Real median income for full-time, year-round workers decreased for the second year in a row in 2021, but many have recovered jobs since the peak of the COVID-19 pandemic.

www.bankrate.com

Folks got to stop lying out here. Those #s don't lie.

Let's be generous and say everyone in those comments makes 100K. After taxes you probably taking home ~5,500 a month after health insurance, 401K...

To save 10K in one year you'd have to save $830 a month or about 15% of your take home pay. But it's like $50 dollars apparently