Top 10% Now Own 77% of American Wealth + Widening Racial Wealth Gap

[DEAD7]

Marriage Isn't the Answer to Poverty

The numbers are clear... even for whites who are exempt from many(if not all) of the other factors naysayers like to point to.
...and no one is suggesting broken families is a cause instead of a symptom... which i saw in the article you linked.

edit: For the education is key crowd

 

[Berniewood Hogan]

Seriously.

You ban one trump supporter and another random alias pops up it its place. None o these accounts posted in HL til the election and until certain ppl were banned and I'm supposed to believe they're not racist aliases?

Still true.

 

[DirtyD]

Disagree.

Having children out of wedlock is a choice. Leaving your children behind to be raised by a single mother is a choice. Having children before you're 18 is a choice. Not setting an example for your children and leading them down the proper path is a choice.

This is true regardless of your race, gender or financial standing.

Being born poor isn't a choice. Staying poor all of your life well into adulthood is a choice.

The data says otherwise.

A similar analysis by John Hopkins University focused solely on Baltimore. Tracking about 800 students from the first grade through their late-20s, the study found that only 4 percent of children from low-income families achieved a college education, compared to 45 percent of children from higher-income families. Cultural environment and surroundings undoubtedly impact the eventual success of a child, as they determine available opportunities and govern how a child will perceive their social standing.

From the moment a child is born into a wealthy family, their parents’ spending habits determine if they, too, will be in a high income bracket as an adult. It stems from how wealthy parents spend money compared to their low-income counterparts: Where low-income families focus on immediate needs, such as food and transportation, rich families invest more on future-oriented purchases that will ensure their well-being.

Why the Rich Stay Rich and the Poor Stay Poor

The numbers are clear... even for whites who are exempt from many(if not all) of the other factors naysayers like to point to.
...and no one is suggesting broken families is a cause instead of a symptom... which i saw in the article you linked.

How could you suggest anything? This is literally the first time you've said anything about the topic in this thread. Also @Alpha Male basically said exactly that:

I firmly believe that one's standing in life, be it socially or economically, starts with the family. That is the ultimate foundation. If you are a child born of two loving, supportive and sacrificing parents... and they stress the value of hard work and personal accountability... then it is highly unlikely that you will be poor when you are an adult. No matter what color you are.

If you are born into a broken family, or lack adult guidance, or a proper adult role model... then you are way more likely to be poor. No matter what color you are.

If the democrats were truly invested in the advancement of blacks, or any group of people really, they would be stressing the importance of family over everything else.

Also worth considering is that fact that poverty is what causes people to not get married or divorced.

The question is rather one of causality—marriage may not lift people out of poverty, but financial well-being sure does seem to make marriages stronger. As Kristi Williams of the Ohio State University told Annie Lowrey in The New York Times last year, “It isn’t that having a lasting and successful marriage is a cure for living in poverty. Living in poverty is a barrier to having a lasting and successful marriage.”

So if not an absence of a marriage license, what is keeping families in poverty? No surprises here: Though the economy may be growing, very few people are seeing that money show up in their paychecks, and that means people are struggling. According to Elise Gould at the Economic Policy Institute, rising inequality accounts for a far greater percentage of the country’s poverty problem than does the rising rate of single parenthood. If today’s families looked as they did in 1979 (meaning fewer single parents), the poverty rate would be 1.6 percentage points lower, she finds. If the distribution of income today looked as it did in 1979, the poverty rate would be 7.1 percentage points lower.

Marriage Will Not Fix Poverty

 

[Alpha Male]

The data says otherwise.

If a family is trapped in an endless generational poverty loop, what's more likely in your opinion?

A) The world is keeping them poor.

B) Their choices are keeping them poor.

 

[DirtyD]

If a family is trapped in an endless generational poverty loop, what's more likely in your opinion?

A) The world is keeping them poor.

B) Their choices are keeping them poor.

Both choices are oversimplifications that ignore the data and explanations that I have been posting in this thread.

 

[The Coochie Assassin]

I see people at the mall everyday poppin tags tho everyday people getting money

 

[Alpha Male]

Both choices are oversimplifications that ignore the data and explanations that I have been posting in this thread.

Well either it's one or the other, or it's a combination of both.

 

[CreepyMcCreeperson]

You understand that this has been a right wing talking point for ages, right? That the reason the black community isn't well off has been due to the increasing rate of single motherhood.

I firmly believe that one's standing in life, be it socially or economically, starts with the family. That is the ultimate foundation. If you are a child born of two loving, supportive and sacrificing parents... and they stress the value of hard work and personal accountability... then it is highly unlikely that you will be poor when you are an adult. No matter what color you are.

If you are born into a broken family, or lack adult guidance, or a proper adult role model... then you are way more likely to be poor. No matter what color you are.

If the democrats were truly invested in the advancement of blacks, or any group of people really, they would be stressing the importance of family over everything else.

How does the government control family structure? Are people supposed to get married because a politician says so?

 

[Pressure]

There are currently only 3.79 million Chinese people living in America. The average yearly income is close to $85,000.

How is this extreme minority, one with barely any representation in government or media, doing so well in a ‘rigged’ economic system?

Is it Asian privilege?

you asked why they aren't on the graph as Asians.

I said saying Asians is an odd grouping.

Responding to your question.


The economy is rigged for the wealthy. That's why the gap grows.

Regarding your numbers college educated blacks make around 82k a year. I'm not sure what you're getting at or the point went over your head.

 

[Ya' Cousin Cleon]

Employers cut hours when this happens ... and they actually get less pay

how is that funny, like where is the humor

 

[DEAD7]

How does the government control family structure? Are people supposed to get married because a politician says so?

Incentives.

 

[☑︎#VoteDemocrat]

OK. How much should they own?

 

[Tom Foolery]

Did I stump the coli?

I noticed they left Asians off too. I guess it doesn't fit their agenda.

But to be fair, Salary and Wealth are not the same things.

Which is?

Help create then protect ownership for people. The road to ownership is narrowing for the majority people.

 

[TTT]

Asian American immigration patterns are different from other minorities. A lot of Indian Americans migrated to the US as grad students, that BI article says "came with nothing" referring to someone migrating with an engineering degree attending Yale for grad school. Education is something, this right wing talking point is such BS. Many international students who migrate to the US to attend grad school have spent at least 17 -18 years in their home country system and they are the few who had been filtered through the system. Asian American is broad because it includes Korean, Japanese, Chinese, Cambodian ,.Vietnamese etc and they all have different histories and patterns of migration in the US. If you randomly sampled Asian American immigrants across villages, cities in their home countries and there were like 40 million of them in the US the outcomes would be different.

 

[I_Got_Da_Burna]

Politicians are part of the system. They'll never do what really needs to be done to fix the situation.

oh yea. most corporations have millions at their disposal set aside for legal bribing aka "donations"