Net Worth Disparity among whites and blacks/hispanics

[Anonymous]

Anonymous wrote:

and soon to support some adult children... shirtsleeves to shirtsleeves... intergenerational transfer

Has nothing to do with race. If part of the culture is wanting to help your kids--that's the way it works. It's not due to the color of your skin.

Every culture "wants" to transfer wealth to the next generation. Fewer blacks have wealth to transfer, whether it be in the form of :
*buying into a good school district
*paying in part or in whole for college
*helping out young adults after college
*paying for graduate school
*Inheritance.

Any one of these makes a huge difference in the future of the children involved.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

you got your looks from your parents, which definitely help generally when it comes to 'marrying well'

So white women are the only ones with "looks" good enough to marry well?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

[Anonymous]

In any other forum on this board, parents strive to give their children every advantage that money can buy.

Curiously, here is the one place we all try to deny it matters, or even if it is happening at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

So? I have earned it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

you got your looks from your parents, which definitely help generally when it comes to 'marrying well'

So white women are the only ones with "looks" good enough to marry well?

umm no - just refuting that she got nothing from her parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

you got your looks from your parents, which definitely help generally when it comes to 'marrying well'

So white women are the only ones with "looks" good enough to marry well?

umm no - just refuting that she got nothing from her parents.

Seriously, are we now stooping so low as to be jealous of looks as well as wealth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

you got your looks from your parents, which definitely help generally when it comes to 'marrying well'

So white women are the only ones with "looks" good enough to marry well?

umm no - just refuting that she got nothing from her parents.

Seriously, are we now stooping so low as to be jealous of looks as well as wealth?

Interesting because I did not get the sense that anyone was "jealous" of anything.

I think this is actually going the direction of the White privilege discussion in Political. People are pointing out (albeit in a crude way) that White privilege plays into some of this. Honestly, I do not know why Whites fight the White privilege concept so much. You have benefitted from it - take it as a blessing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

So? I have earned it.

But they didn't, and that is the issue of intergenerational wealth.

[Anonymous]

the answer to your question is cannot be spoken without hurting feelings and what is the point anyway, it won't change anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

So? I have earned it.

But they didn't, and that is the issue of intergenerational wealth.

There is no "issue" of generational wealth except resentment and envy. I came from nothing and made something of myself. Others can do the same and their children can benefit. Envy and resentment...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

So? I have earned it.

No one "earns" becoming a 1%er. If earn had anything to do with it the vast majority would be 1%ers and that mathematically just isn't possible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because I married well.

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did. And that relative wealth will pass to your children. That's one of the points of the article.

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself.

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.

And you will end up transferring a ton of wealth to your kids.

So? I have earned it.

But they didn't, and that is the issue of intergenerational wealth.

There is no "issue" of generational wealth except resentment and envy. I came from nothing and made something of myself. Others can do the same and their children can benefit. Envy and resentment...

No envy here. I am doing well for myself too. But as a minority who made it, I do appreciate certain things about my journey that others did not endure.

But consider this - many AAs and Hispanics work hard and try to make something of themselves. The advantages you had that are the essences of White privilege are that 1) You worked hard and you did not have to worry that the color of your skin would give someone cause to undermine your hard work (2 you could be reasonably confident that with hard work and a few breaks, you would be successful and 3) you did not have to assimilate culturally to be succesful.

Seriously, I applaud you for your hard work and success. But it is naive to think that everyone has the same opportunity for success that you did.