This is the best summary we’ve seen yet.
Visit msnbc.com for breaking news, world news, and news about the economy
And now the question remains: What are we going to do about it?
Welcome to Black and Married with Kids
The Web’s Most Popular Destination for Guidance on African American Marriage and Parenting. BMWK has been featured on:
Discover The Secret To UNBREAKABLE Relationships
Sign Up for our FREE 4-part video series!
THIS is so true when are we gonna be able to have the american dream.
I’m feeling the effects of this currently(leaving college in debt). But I’m thankful that I have many options to choose from when it comes to getting out of debt and creating wealth.
Hmm. Nice of them to do a commentary on this when it is now at 20 times. Her commentary sounds like she read it right out of the book.. The Color of Wealth by the Racial Wealth Divide Project when it was discovered it was 10 times. https://www.racialwealthdivide.org/color_of_wealth/book.html
There is nothing we can do right now. As a race, blacks and hispanics, we are more than 50 years behind. And based on that video excerpt, policies were put in place to get whites were they are. When it appears that someone was trying to help us all (maybe or maybe not the plan), a real estate bubble was formed, just to burst and now we are further away from that gab. Hispanics are likely ahead because they don’t mind bringing their wealth together for a greater cause. Blacks on the other hand, tend to have to do things on their own.
@font-face {
font-family: “?? ??”;
}@font-face {
font-family: “Cambria Math”;
}@font-face {
font-family: “Cambria”;
}p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: Cambria; }.MsoChpDefault { font-family: Cambria; }div.WordSection1 { page: WordSection1; }
@font-face {
font-family: “?? ??”;
}@font-face {
font-family: “Cambria Math”;
}@font-face {
font-family: “Cambria”;
}p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: Cambria; }.MsoChpDefault { font-family: Cambria; }div.WordSection1 { page: WordSection1; }
So I just
have to weigh in on this one to expand the conversation. If you actually analyze the numbers you will
gain insight on what you need to do to close the gap. First, let’s define wealth. Wealth= Net worth. Assets-Liabilities=Net worth. If it is a positive number you have
wealth. The report points out that the
gap was narrowing as home ownership by minorities increased however, declining
real estate values have wiped out the
gains by minorities. Duh! However, the
people who had other assets i.e. stocks, bonds, precious metals…..were not as
negatively impacted. Why? Because stocks
and precious metals have increased in value since 2008. So what’s the point? Two things…..Wealth has to be created.
Those fairing well post 2008 are in the higher incomes of 250k and a
significant number are “probably “business
owners”……black/white/hispanic. We have to create a businesses that grow……Secondly, you have to diversify and add stocks,
bonds, mutual funds etc. to your mix in order to achieve wealth in the long
run….This is not about race…It is about socioeconomics. Don’t get it
twisted. Build a business, invest in other businesses. Listen to this interview with CNN’s Christine
Romans…https://www.deborahowens.com/wls-radio-podcasts/smart-is-the-new-rich-72611/ I agree. Smart is the New Rich
Marriage is a wealth building enterprise. A generation transfers it’s wealth to the next through marriage. Divorce divides assets. The lack of marriage in the black community prevents the accummulation of and transfer of assets from one generation to another. Acquisition of wealth and transfer to the next generation through the social relationship we know as “marriage” needs to expand in the black community. Then we’ll see more of our kids competing in the higher echelons of society.
We tend to be too individualistic. Others can afford this luxury. We cannot!
Of course, anyone who has researched these issues knows that the Democratic Party is mostly responsible for keeping blacks down. Sadly, most blacks have been fooled by, or sold out to, the Dem Party as evidenced by the fact that almost 90% of them vote for Dems. Most of them don’t know the truth. I urge anyone who reads this to begin learning the facts about how the Dem Party wants to control blacks and also kill off the black population thru abortion/black genocide. Start learning at https://www.nbra.info/DYK-HistoryTest and also go to YouTube and watch Maafa 21: Black Genocide in America.
PLEASE open your minds to the TRUTH. And you can reach me at [email protected] if you’d like to comment or ask questions. Thank you.