The risin black middle class

[Poitier]

can anyone post some statistical evidence of our "progress"?



if we've come such a long way, there should definitely be numbers somewhere to back that up.

No one is progressing at this point besides the 1% and that's a class issue, not a race one.

 

[☑︎#VoteDemocrat]

ur one of those multiculturalism we are the world type black fellas aren't u?

uh...i don't know...

I do know that not all black people are the same.

ya'll live in this US-defined world so its easy to come to these conclusions of: "melanin" = black but that isn't really true of anything.

Define being "black" in the US...and then you'll see how that breaks down when you live the states.

 

[Matt504]

No one is progressing at this point besides the 1% and that's a class issue, not a race one.

"For a typical white family, a $1 increase in average income over the 25 years returns about $5 of wealth," Shapiro says. "For [the] typical African-American family, that same $1 average increase in income returns only 69 cents in wealth."

Shapiro says it boils down to where a family starts when it comes to wealth. Most white families already have a leg up in the wealth game. They have a familial structure of support -- whether it's an inheritance or help with the first downpayment on a house -- that many black families don't have.

And just as equal income gains have different results, similar achievements in education also won't bridge the wealth gap.

When Shapiro first started the study in 1984, the total wealth gap between blacks and whites was $85,000. In 2009, that gap had tripled to $236,500.

http://www.marketplace.org/topics/wealth-poverty/wealth-gap-grows-between-black-and-white-us

Blacks are apparently in a different class than whites.

 

[Poitier]

http://www.marketplace.org/topics/wealth-poverty/wealth-gap-grows-between-black-and-white-us

Blacks are apparently in a different class than whites.

Problem with this study is that it's heavily skewed.

 

[Juven]

then tomorrow yall will start hating on your women and baby mamas and their stupid dumb kids

 

[Matt504]

Problem with this study is that it's heavily skewed.

care to elaborate on how it's skewed?

 

[Poitier]

care to elaborate on how it's skewed?

The majority of the 1 percent is White. Majority of Whites are not in the 1 percent. Both of them get averaged in as "White income." Those not in the 1 percent saw their incomes fall just like every other race, though to lesser degree. Jay Z for example saw his income increase. It's a class issue primarily.

 

[ignorethis]

The media wanna still paint us bad like we dont belong here when we been here as long as the cac have

African americans lineage has been here more than most whites, majority of the whites in the U.S. are descendant from late 1800/early 1900 european immigrants.

 

[Poitier]

African americans lineage has been here more than most whites, majority of the whites in the U.S. are descendant from late 1800/early 1900 european immigrants.

Nah, only in Northeastern cities and a few other major cities. The White population down South and in the Midwest not as much.

 

[Matt504]

The majority of the 1 percent is White. Majority of Whites are not in the 1 percent. Both of them get averaged in as "White income." Those not in the 1 percent saw their incomes fall just like every other race, though to lesser degree. Jay Z for example saw his income increase. It's a class issue primarily.

And the largest single factor that's led to the gap? Home ownership.

Shapiro says that blacks take longer to save up enough money to buy a home. They may also face discrimination when it comes to financing. And where you end up buying a home is a major factor as well. Shapiro says that homes in traditionally white neighborhoods appreciate in value at a much faster rate than homes in more diverse or racially segregated neighborhoods.

"As homes are bought a little lower down in the socioeconomic ladder, housing wealth does grow," Shapiro said. "But the point is it doesn't grow nearly as much or as fast."

Unemployment has had a devastating effect on the wealth of black families as well. The unemployment rate for whites is 7%, while the black unemployment rate sits at nearly double that,13.8 percent.

Shapiro tells the story of a college-educated black couple that started off making nearly $100,000 a year. They both lost their jobs during the recession and had to eat into the retirement savings to get by.

They went from planning for the future -- saving for a new car, putting money away for their kids' education -- to living day by day. Just one example of how unemployment can lead to massive depletion in wealth. And with unemployment disproportionately affecting African Americans, there's also been a disproportionate hit to their accumulated wealth.

why is it that Blacks face discrimination when it comes to financing?
is it because they're in the wrong class?

 

[ignorethis]

Nah, only in Northeastern cities and a few other major cities. The White population down South and in the Midwest not as much.

I would understand if the New England area had a high population of whites with British ancestors, but I know New York was a hub for immgration and still is and I recently found out majority of "Texan" whites are descendants of Germans that immigrated here in the late 1800s.

I guess WASPs in the Southeast probably have pure USA bloodlines, but I think in the Midwest/Texas, West Coast, and lower East coast most of their bloodlines start with non British/French European immigrants.

You got any reading material on the subject?

 

[Poitier]

why is it that Blacks face discrimination when it comes to financing?
is it because they're in the wrong class?

Not sure how any of that disputes my post? Middle class and poor Whites aren't taking as big a hit but still not "rising" either.

 

[Poitier]

I would understand if the New England area had a high population of whites with British ancestors, but I know New York was a hub for immgration and still is and I recently found out majority of "Texan" whites are descendants of Germans that immigrated here in the late 1800s.

I guess WASPs in the Southeast probably have pure USA bloodlines, but I think in the Midwest/Texas, West Coast, and lower East coast most of their bloodlines start with non British/French European immigrants.

You got any reading material on the subject?

Texas (not The Midwest) was imperialised in the 1800s. Most Midwest cities (which was The West in the 17 and 1800s) and the Southeast had stagnant White populations. Tons of the West coast populations (Utah) stem from those stagnant populations, too.