Data Shows Punishing Reach of Racism: Black college grads have less wealth than white HS dropouts

[Aba_juggin]

Not surprised especially considering the crushing amounts of debt most black college grads have.

gotta pay to play....

 

[Elle Driver]

yvette carnell you introduced me to her

She kinda crazy though.

 

[jilla82]

there are so many variables in studies like this.

Its pretty short sighted to say "its just race"...when black folks for the most part dont approach things the same way.

Were more likely to go into social services, and least likely to be small biz owners.

Im around black business owners and the like damn near everyday.

As a people we lack culture.

Look at black neighborhoods that were middle class 20 or 30 years ago...
...many of them have gone to complete shyt because the next generation didnt give a fukk.


We can keep saying race is the answer to everything...but that aint going to change your situation.

 

[AndroidHero]

there are so many variables in studies like this.

Its pretty short sighted to say "its just race"...when black folks for the most part dont approach things the same way.

Were more likely to go into social services, and least likely to be small biz owners.

Im around black business owners and the like damn near everyday.

As a people we lack culture.

Look at black neighborhoods that were middle class 20 or 30 years ago...
...many of them have gone to complete shyt because the next generation didnt give a fukk.


We can keep saying race is the answer to everything...but that aint going to change your situation.

 

[ORDER_66]

But who didn't know this?!? we ALL knew this...

It doesn't matter if we poor or rich white people stay on code no matter what, no matter how many degrees you have or don't whether you come from a rich family or not...

Deep down inside we all knew this economically we control no industry so we can't call NO shots....this study ain't surprising...

 

[Take It In Blood]

and yal c00ns be complaining about folks on that "let a brother get a hook up/discount"


If y'all all fukked up and in the same position thats what the fuk you're supposed to do you fukking bougie bootlicker


Black first......if the brother takes 5 minutes more to make a pizza than an Italian and charges 50 cents more then so fukkin be it

 

[Reece]

Heard about this study on the radio this morning, and there were no surprises to be had.

One thing that's often overlooked about wealth retention is that if you're black, even if you make decent money you often have to spend a lot of it supporting your relatives. As opposed to white families where wealth tends to flow the other way and they tend to leave their kids houses/stocks/whatever.


I remember being when I first started working and I found out how many white people (who didn't particularly even make much) had inherited houses from their parents or grandparents.

I know this white chick who ended up with three houses...hers, her moms and her grandfathers

PAID OFF!!!!

When they say nikkas aint catching up to white wealth for 200 years, they mean that shyt.

 

[Reece]

Back when I did retail in college, this white chick i was fooling around with had $50,000 in her retirement account already. She was 22. I don't know why she wanted to show me what she had but, either way. Crazy. When I started working at a bank, these cacs were putting $5,000...$10,000 into their 5 year old's custodial accounts. 5 year old white kids got more wealth than some black adults

 

[Wargames]

 

[superunknown23]

Heard about this study on the radio this morning, and there were no surprises to be had.

One thing that's often overlooked about wealth retention is that if you're black, even if you make decent money you often have to spend a lot of it supporting your relatives. As opposed to white families where wealth tends to flow the other way and they tend to leave their kids houses/stocks/whatever.


I remember being when I first started working and I found out how many white people (who didn't particularly even make much) had inherited houses from their parents or grandparents.

Here in Philly, it’s not uncommon to see white social workers and “artists” living in nice houses

 

[KillbertArenas]

there are so many variables in studies like this.

Its pretty short sighted to say "its just race"...when black folks for the most part dont approach things the same way.

Were more likely to go into social services, and least likely to be small biz owners.

Im around black business owners and the like damn near everyday.

As a people we lack culture.

Look at black neighborhoods that were middle class 20 or 30 years ago...
...many of them have gone to complete shyt because the next generation didnt give a fukk.


We can keep saying race is the answer to everything...but that aint going to change your situation.

I agree with everyword here..

Especially the neighborhood destruction piece.

 

[jilla82]

I know this white chick who ended up with three houses...hers, her moms and her grandfathers

PAID OFF!!!!

When they say nikkas aint catching up to white wealth for 200 years, they mean that shyt.

but why are yall acting like that is the norm for white people?
Most white people are broke.

Listen...black people need to approach shyt like Asians/Jews.
Asians/Jews look at American culture as complete bullshyt....
...but let a black person do something like get arrested for drugs...and the first thing other black folks are going to say is "white people do it too".

Where we should be saying "dude is fuking up by selling drugs".

I gotta buddy who is from a rich family...so he has crazy stupid money.
I go along with him when he's shopping in stores like Gucci/Barney's, etc....

Breh...the amount of young black people I see in these stores is ridiculous.
They are spending all of their money on clothes.

Last time I was in Barney's the elevator and whole floor smelled like weed.
Cats just walking around dropping $500 on T shyts and sweaters to stunt.

I just cant wrap my head around how yall dont see the differences in our culture.

 

[mamba]

but why are yall acting like that is the norm for white people?
Most white people are broke.

Listen...black people need to approach shyt like Asians/Jews.
Asians/Jews look at American culture as complete bullshyt....
...but let a black person do something like get arrested for drugs...and the first thing other black folks are going to say is "white people do it too".

Where we should be saying "dude is fuking up by selling drugs".

I gotta buddy who is from a rich family...so he has crazy stupid money.
I go along with him when he's shopping in stores like Gucci/Barney's, etc....

Breh...the amount of young black people I see in these stores is ridiculous.
They are spending all of their money on clothes.

Last time I was in Barney's the elevator and whole floor smelled like weed.
Cats just walking around dropping $500 on T shyts and sweaters to stunt.

I just cant wrap my head around how yall dont see the differences in our culture.

Go to any mall or place with upscale shops on Saturday and you’ll see tons of Black people with several bags of expensive shyt.

nikkas really get paid on Friday and the cash is gone by the following Monday after a weekend of shopping, clubbing, eating and drinking.

Saving and Investing are not even on the radar screen.

 

[ogc163]

Go to any mall or place with upscale shops on Saturday and you’ll see tons of Black people with several bags of expensive shyt.

nikkas really get paid on Friday and the cash is gone by the following Monday after a weekend of shopping, clubbing, eating and drinking.

Saving and Investing are not even on the radar screen.

And yet Black people have a savings rate that is comparable to the national average.

 

[jilla82]

And yet Black people have a savings rate that is comparable to the national average.

and you know we could go back and fourth w/ stats all day.

Are you really trying to paint a picture that we have a culture of financial responsibility?