"A Cheap, Race-Neutral Way to Close the Racial Wealth Gap..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

Here is the deal, I don't agree with this $50K plan, it's stupid.

But if you really, really, really believe that black people are not denied an equal education, equal healthcare, equal jobs, equal mortgages, equal access to housing, etc... if you truly don't believe it then you just refuse to listen or you are willfully ignorant.

I'm not going to try to convince you here with a study from Harvard or Duke.

Please just educate yourself. I'm sure you are one of my friends/ neighbors who say the same damn ignorant sh*t, I'm sure deep down you are a "good person".... just educate yourself.

All these are arbitrary claims, just as your statement to "just educate yourself" is. You have decided on your narrative and you don't care about anything that doesn't fit it.

A lot of black Americans face problems, certainly. From what I can tell, it's mostly problems stemming from institutionalized poverty more than race. And there's cultural factors at play. Especially poor urban cultural factors that is disdainful of education, has out of wedlock pregnancies and doesn't marry. These are all more problematic and influential than any of the so called allegations about lack of equal education. No amount of reparations is going to change any of this. But a lot will change if attitudes towards education and child-rearing changes. But no one wants to talk about that, they'd rather blame everything on police violence and demand more freebies from the government.

Perhaps you should educate yourself? But I suspect you don't want to. You'd rather stick to the buzzwords and twitter feeds and and racial mongerers telling you you're owed something instead of having to work for it, everything instead of your own actions, your own behaviors, your own decisions.

Let's talk about your biases. You probably automatically assumed I was white, right? Probably a white woman, aka a Karen, right? But you have no idea where I come from, who I am or my life experience. And that tells me you are to eager to blindly embrace the cliches and stereotypes because you can continue to blame your failures on being disenfranchised instead of your own actions.

DP, you have so many dumb a** assumptions in your reply it is simply amazing. Because you don’t see it or believe it systemic racism does not exist or cause roadblocks. How idiotic. I’m not a trans person but I know there is widespread prejudice against them. I have never been raped but I can see the cultural dysfunctions that make sexual violence a prevalent problem in this country. Telling black folk to work like we don’t. Telling us to get married like we don’t. Tell white folk to stop having babies outside of marriage. Study after study has shown that black fathers are very involved in their children’s lives.
Yes, millions of black folk are lazy and immoral that’s why we have problems .... no racism at all to see we are all just either deluded or lying.
And no one called you Karen.
Telling us

I love it when people resort to Kafka-trapping arguments, ie people who disagree with me are racist. If you admit you are a racist I am right. If you deny that you are a racist, well that proves that I am right, because you are blind to the power structures and your self-conscious.

Everything PP mentioned are valid factors to point out. It's you who want to ignore them. The out of wedlock pregnancies among blacks is staggeringly high (although it's also rising among poor whites too). Studies after studies after studies show one of the biggest differentiators is the stability of a two parent family. We also easily see how this greatly affects average black HHI too.

Why bury your head in the sand that it presents huge problems for poorer African Americans, especially the absence of male role figures in deprived urban areas. You want to pretend it's not an issue and you screech and attack and judge others for pointing it out. You screech about unequal education, but let's go to the urban schools that are predominately African American and look at the attitudes towards education. Too smart? You're acting too white. There's enormous cultural disdain among educational progress among poor urban blacks. But you'd rather ignore that. You'd rather blame everything on institutional racism as the convenient bogeyman and then you screech and attack others for being racist simply for pointing out there are many factors at play and not all of them are tied to institutional racism.

And I know why people want to blame institutional racism. Because it absolves them of the failures of their own behaviors and decisions. It's the easy way out. It's convenient. It allows you to avoid introspection. It allows you to avoid asking too many difficult questions. It allows you to ignore the explosion of black on black murders and crime in places in Baltimore and Chicago. It allows you to look away when young black toddlers are killed by stray bullets in the Chicago wastelands.

[Anonymous]

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

Here is the deal, I don't agree with this $50K plan, it's stupid.

But if you really, really, really believe that black people are not denied an equal education, equal healthcare, equal jobs, equal mortgages, equal access to housing, etc... if you truly don't believe it then you just refuse to listen or you are willfully ignorant.

I'm not going to try to convince you here with a study from Harvard or Duke.

Please just educate yourself. I'm sure you are one of my friends/ neighbors who say the same damn ignorant sh*t, I'm sure deep down you are a "good person".... just educate yourself.

All these are arbitrary claims, just as your statement to "just educate yourself" is. You have decided on your narrative and you don't care about anything that doesn't fit it.

A lot of black Americans face problems, certainly. From what I can tell, it's mostly problems stemming from institutionalized poverty more than race. And there's cultural factors at play. Especially poor urban cultural factors that is disdainful of education, has out of wedlock pregnancies and doesn't marry. These are all more problematic and influential than any of the so called allegations about lack of equal education. No amount of reparations is going to change any of this. But a lot will change if attitudes towards education and child-rearing changes. But no one wants to talk about that, they'd rather blame everything on police violence and demand more freebies from the government.

Perhaps you should educate yourself? But I suspect you don't want to. You'd rather stick to the buzzwords and twitter feeds and and racial mongerers telling you you're owed something instead of having to work for it, everything instead of your own actions, your own behaviors, your own decisions.

Let's talk about your biases. You probably automatically assumed I was white, right? Probably a white woman, aka a Karen, right? But you have no idea where I come from, who I am or my life experience. And that tells me you are to eager to blindly embrace the cliches and stereotypes because you can continue to blame your failures on being disenfranchised instead of your own actions.

Except I have studied this for about 10 years.

I’m not using buzz words and I am a mathematical statistician ... I don’t believe anything I hear on TV because I don’t think talking heads are even smart enough to understand the data.

But you are willfully ignorant and there are actually open minded people that truthfully want to learn and be part of the solution, so I dont really have was time to waste on somebody who bathes in their ignorance with the temperament of a teenager.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

and black communities are not because they don't have access to healthcare and had no doctors to give them oxy... it was actually a positive effect to structural racism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

and black communities are not because they don't have access to healthcare and had no doctors to give them oxy... it was actually a positive effect to structural racism.

So it's okay because black people were not affected? But entire communities, especially rural ones, of whites fell farther and farther behind?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

and black communities are not because they don't have access to healthcare and had no doctors to give them oxy... it was actually a positive effect to structural racism.

The "big ballers" and "high rollers" and "politicians" who create structural racism *also* created the opioid crisis and got even more rich and powerful as a result of the opioid crisis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

and black communities are not because they don't have access to healthcare and had no doctors to give them oxy... it was actually a positive effect to structural racism.

No, because the rich whites who got richer off the opioid crisis are some of the same people enforcing racist systems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They were in a coma for a long time. A dark void of unconsciousness brought on by that crack cocaine shit in the 80’s and 90’s. Countless families, whole neighborhoods, entire communities all crumbled overnight and deteriorated for decades as zombies seiged the city streets littered with pipes and bullets. That shit was pumped in from the outside. High rollers, big ballers, “wealthy investors”, and crooked politicians both foreign and domestic all got rich. They steadily lined their pockets with the compensatory profits while watching an entire people literally kill themselves.
Over time, people who’ve been in a coma may start to gradually regain consciousness and become more aware.
It’s not an overnight process.

Just like a lot of white communities are in a coma due to the opioid crisis?

Different response altogether. Less of a crackdown mentality. Less looking at the addicts as criminals and more seeing them as victims. Certainly helps when there’s less reliance on the violent underworld to handle distribution. No, in this case the providers are predominantly professionals just getting a little extra money on the side falsifying prescriptions and selling stuff out the back door of pharmacies. Less street game. Less police presence. Less repercussions from the revolving door of judicial interference that can discombobulate a person’s life even more so than the narcotic. Little Jamie was caught using yesterday and got sent to rehab and where she can get hope for a new life. 20 years ago Little Jimmy was caught using and he got thrown in jail and when he got out he had a record that followed him everywhere.
Not the same.
But then again the more things change the more they stay the same.
Still a rack of little Jimmy’s behind bars.
Response to dark skin damn sure ain’t changed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

Here is the deal, I don't agree with this $50K plan, it's stupid.

But if you really, really, really believe that black people are not denied an equal education, equal healthcare, equal jobs, equal mortgages, equal access to housing, etc... if you truly don't believe it then you just refuse to listen or you are willfully ignorant.

I'm not going to try to convince you here with a study from Harvard or Duke.

Please just educate yourself. I'm sure you are one of my friends/ neighbors who say the same damn ignorant sh*t, I'm sure deep down you are a "good person".... just educate yourself.

All these are arbitrary claims, just as your statement to "just educate yourself" is. You have decided on your narrative and you don't care about anything that doesn't fit it.

A lot of black Americans face problems, certainly. From what I can tell, it's mostly problems stemming from institutionalized poverty more than race. And there's cultural factors at play. Especially poor urban cultural factors that is disdainful of education, has out of wedlock pregnancies and doesn't marry. These are all more problematic and influential than any of the so called allegations about lack of equal education. No amount of reparations is going to change any of this. But a lot will change if attitudes towards education and child-rearing changes. But no one wants to talk about that, they'd rather blame everything on police violence and demand more freebies from the government.

Perhaps you should educate yourself? But I suspect you don't want to. You'd rather stick to the buzzwords and twitter feeds and and racial mongerers telling you you're owed something instead of having to work for it, everything instead of your own actions, your own behaviors, your own decisions.

Let's talk about your biases. You probably automatically assumed I was white, right? Probably a white woman, aka a Karen, right? But you have no idea where I come from, who I am or my life experience. And that tells me you are to eager to blindly embrace the cliches and stereotypes because you can continue to blame your failures on being disenfranchised instead of your own actions.

Except I have studied this for about 10 years.

I’m not using buzz words and I am a mathematical statistician ... I don’t believe anything I hear on TV because I don’t think talking heads are even smart enough to understand the data.

But you are willfully ignorant and there are actually open minded people that truthfully want to learn and be part of the solution, so I dont really have was time to waste on somebody who bathes in their ignorance with the temperament of a teenager.

I'm sure you "studied" it from the self-selected angry theorists. In less polite times we'd have called it crackpot theorists. I can tell from your failure to defend yourself or to present any compelling data on genuine systematic racism (you can't, because they don't exist), while your response to rebuttals is simply to shriek "you're racist and you don't even see it!". And from the way you continue to ignore all the valid points brought up about factors well outside racism affecting people's inabilities to get ahead with life.

It's quite understandable, of course. It's what happens with people whose identities and self-valuation are so wrapped up in a certain outlook at life, especially one where their identities rests upon being perpetual victims.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

Here is the deal, I don't agree with this $50K plan, it's stupid.

But if you really, really, really believe that black people are not denied an equal education, equal healthcare, equal jobs, equal mortgages, equal access to housing, etc... if you truly don't believe it then you just refuse to listen or you are willfully ignorant.

I'm not going to try to convince you here with a study from Harvard or Duke.

Please just educate yourself. I'm sure you are one of my friends/ neighbors who say the same damn ignorant sh*t, I'm sure deep down you are a "good person".... just educate yourself.

All these are arbitrary claims, just as your statement to "just educate yourself" is. You have decided on your narrative and you don't care about anything that doesn't fit it.

A lot of black Americans face problems, certainly. From what I can tell, it's mostly problems stemming from institutionalized poverty more than race. And there's cultural factors at play. Especially poor urban cultural factors that is disdainful of education, has out of wedlock pregnancies and doesn't marry. These are all more problematic and influential than any of the so called allegations about lack of equal education. No amount of reparations is going to change any of this. But a lot will change if attitudes towards education and child-rearing changes. But no one wants to talk about that, they'd rather blame everything on police violence and demand more freebies from the government.

Perhaps you should educate yourself? But I suspect you don't want to. You'd rather stick to the buzzwords and twitter feeds and and racial mongerers telling you you're owed something instead of having to work for it, everything instead of your own actions, your own behaviors, your own decisions.

Let's talk about your biases. You probably automatically assumed I was white, right? Probably a white woman, aka a Karen, right? But you have no idea where I come from, who I am or my life experience. And that tells me you are to eager to blindly embrace the cliches and stereotypes because you can continue to blame your failures on being disenfranchised instead of your own actions.

Except I have studied this for about 10 years.

I’m not using buzz words and I am a mathematical statistician ... I don’t believe anything I hear on TV because I don’t think talking heads are even smart enough to understand the data.

But you are willfully ignorant and there are actually open minded people that truthfully want to learn and be part of the solution, so I dont really have was time to waste on somebody who bathes in their ignorance with the temperament of a teenager.

So, what do you think about the statistical modeling of Emmons, Hamilton, and others? I agree there's a lot of unexplained differences in wealth gaps. But I'm not sure that taking every variable as a deviation from the racial/ethnic norm for that person is the way to go, because it eliminates differences among races and focusses on differences within races. Thoughts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

Here is the deal, I don't agree with this $50K plan, it's stupid.

But if you really, really, really believe that black people are not denied an equal education, equal healthcare, equal jobs, equal mortgages, equal access to housing, etc... if you truly don't believe it then you just refuse to listen or you are willfully ignorant.

I'm not going to try to convince you here with a study from Harvard or Duke.

Please just educate yourself. I'm sure you are one of my friends/ neighbors who say the same damn ignorant sh*t, I'm sure deep down you are a "good person".... just educate yourself.

All these are arbitrary claims, just as your statement to "just educate yourself" is. You have decided on your narrative and you don't care about anything that doesn't fit it.

A lot of black Americans face problems, certainly. From what I can tell, it's mostly problems stemming from institutionalized poverty more than race. And there's cultural factors at play. Especially poor urban cultural factors that is disdainful of education, has out of wedlock pregnancies and doesn't marry. These are all more problematic and influential than any of the so called allegations about lack of equal education. No amount of reparations is going to change any of this. But a lot will change if attitudes towards education and child-rearing changes. But no one wants to talk about that, they'd rather blame everything on police violence and demand more freebies from the government.

Perhaps you should educate yourself? But I suspect you don't want to. You'd rather stick to the buzzwords and twitter feeds and and racial mongerers telling you you're owed something instead of having to work for it, everything instead of your own actions, your own behaviors, your own decisions.

Let's talk about your biases. You probably automatically assumed I was white, right? Probably a white woman, aka a Karen, right? But you have no idea where I come from, who I am or my life experience. And that tells me you are to eager to blindly embrace the cliches and stereotypes because you can continue to blame your failures on being disenfranchised instead of your own actions.

Except I have studied this for about 10 years.

I’m not using buzz words and I am a mathematical statistician ... I don’t believe anything I hear on TV because I don’t think talking heads are even smart enough to understand the data.

But you are willfully ignorant and there are actually open minded people that truthfully want to learn and be part of the solution, so I dont really have was time to waste on somebody who bathes in their ignorance with the temperament of a teenager.

I'm sure you "studied" it from the self-selected angry theorists. In less polite times we'd have called it crackpot theorists. I can tell from your failure to defend yourself or to present any compelling data on genuine systematic racism (you can't, because they don't exist), while your response to rebuttals is simply to shriek "you're racist and you don't even see it!". And from the way you continue to ignore all the valid points brought up about factors well outside racism affecting people's inabilities to get ahead with life.

It's quite understandable, of course. It's what happens with people whose identities and self-valuation are so wrapped up in a certain outlook at life, especially one where their identities rests upon being perpetual victims.

I'm a social science professor and I have no idea what this person is talking about. They say they "studied THIS for about 10 years." What is "this"? The person talks about housing, education, mortgages, jobs. It's basically unheard of for one researcher to study all of those things. Also, I don't understand why a mathematical statistician would be doing what sounds like applied research. The mathematical statisticians I trained under spent all their time doing mathematical proofs and calculus, not crunching data, because that's what they do. So, I'm skeptical. More likely just a layperson trying to pass off their opinions as scientific fact.

[Anonymous]

Anonymous wrote:Give a baby a fish, and she has a fish. Teach a baby how to fish, and she can go catch her own fish.

But if you don’t take the time to really teach her and she doesn’t even have a fishing pole or bait...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

It is possible, but still anecdotal. It is possible if white kid dropout and go ahead and work for minimum wages and black kid drop out choose not to work at all; then the income of the white kid will be higher than black’s kid income.

Do you trust Duke?
https://socialequity.duke.edu/portfolio-item/what-we-get-wrong-about-closing-the-racial-wealth-gap/
"At every level of educational attainment, the median wealth among black families is substantially lower than white families. White households with a bachelor’s degree or postgraduate education (such as with a Ph.D., MD, and JD) are more than three times as wealthy as black households with the same degree attainment.

Moreover, on average, a black household with a college-educated head has less wealth than a white family whose head did not even obtain a high school diploma. It takes a postgraduate education for a black family to have comparable levels of wealth to a white household with some college education or an associate degree (Hamilton et al. 2015 and Meschede et al. (2017), who use the Panel Study of Income Dynamics)."

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

Figure 1 on page 6.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

Nope. Black people save more than white people.

“The finding advanced in peer reviewed articles in economic journals is clear: there is no evidence that black Americans have a lower savings rate than white Americans once household income is taken into account (Hamilton and Chiteji, 2013). For example, Maury Gittleman and Edward Wolff (2004) using data from the Panel Study on Income Dynamics (PSID), tracked the financial position of black and white families and found that, once income is controlled, if anything, black families actually have a slightly higher savings rate than their white counterparts.
21

This mild savings rate advantage is indicative of even greater thriftiness among blacks, since they typically have more kin obligations to assist low-income relatives which, further reduces the ability to save (Chiteji and Hamilton 2002; and Heflin and Patillo 2006). If anything, it appears that blacks generally live more frugal lives than whites; a study conducted by the Institute on Assets and Social Policy using the 2013 Survey of Consumer Finances found that, at comparable levels of income, whites spend 1.3 times more than blacks (Traub et al.).”

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

Then where did their wealth go?

They never had it. Started with little to none. Made less. Couldn’t buy a home to build equity. Or bought a home in a less-desirable neighborhood with less equity. Little to pass down to kids.

They were left behind as white Americans went to college (GI Bill) and lived the American dream (redlining increases value of white neighborhoods). .

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

It is possible, but still anecdotal. It is possible if white kid dropout and go ahead and work for minimum wages and black kid drop out choose not to work at all; then the income of the white kid will be higher than black’s kid income.

Do you trust Duke?
https://socialequity.duke.edu/portfolio-item/what-we-get-wrong-about-closing-the-racial-wealth-gap/
"At every level of educational attainment, the median wealth among black families is substantially lower than white families. White households with a bachelor’s degree or postgraduate education (such as with a Ph.D., MD, and JD) are more than three times as wealthy as black households with the same degree attainment.

Moreover, on average, a black household with a college-educated head has less wealth than a white family whose head did not even obtain a high school diploma. It takes a postgraduate education for a black family to have comparable levels of wealth to a white household with some college education or an associate degree (Hamilton et al. 2015 and Meschede et al. (2017), who use the Panel Study of Income Dynamics)."

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

Figure 1 on page 6.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

Nope. Black people save more than white people.

“The finding advanced in peer reviewed articles in economic journals is clear: there is no evidence that black Americans have a lower savings rate than white Americans once household income is taken into account (Hamilton and Chiteji, 2013). For example, Maury Gittleman and Edward Wolff (2004) using data from the Panel Study on Income Dynamics (PSID), tracked the financial position of black and white families and found that, once income is controlled, if anything, black families actually have a slightly higher savings rate than their white counterparts.
21

This mild savings rate advantage is indicative of even greater thriftiness among blacks, since they typically have more kin obligations to assist low-income relatives which, further reduces the ability to save (Chiteji and Hamilton 2002; and Heflin and Patillo 2006). If anything, it appears that blacks generally live more frugal lives than whites; a study conducted by the Institute on Assets and Social Policy using the 2013 Survey of Consumer Finances found that, at comparable levels of income, whites spend 1.3 times more than blacks (Traub et al.).”

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

Then where did their wealth go?

They never had it. Started with little to none. Made less. Couldn’t buy a home to build equity. Or bought a home in a less-desirable neighborhood with less equity. Little to pass down to kids.

They were left behind as white Americans went to college (GI Bill) and lived the American dream (redlining increases value of white neighborhoods). .

They didn't get married and pool their wealth with a spouse.

[Anonymous]

Anonymous wrote:Here you go https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4850739/

Black households are much more likely to be headed by a single female warmer versus white households are more likely to be two earner which explains some differences in HH wealth.

But you can even take marriage out of it...

white, single-parent families still have more wealth than black, single-parent families.