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Reply to "Middle class life has me completely baffled"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Generational wealth. So no student loans, help with down payment, etc. [/quote] And not the point of this thread but it struck me that this is why there’s a call for reparations. Black households on average have only $9 of wealth for every $100 in wealth the average white household has. [/quote] As a consequence of single-headed households. While the divorce rate and never married rates have increased, the reality is black families have a disproportionate number of single/never married parents and this has been the case for generations. Their poverty rates are prompted by a number of factors. [/quote] No, as a consequence of systematic barriers to accumulating wealth and theft. Black people were systematically excluded from building wealth through homeownership (the bulwark of Americans' family wealth) with redlining, the property they did own was taken from them through legal schemes (https://features.propublica.org/black-land-loss/heirs-property-rights-why-black-families-lose-land-south/), and nearly every time they were able to build wealth in spite of the numerous roadblocks set in front of them they were murdered and it was stolen (Tulsa, Rosewood, etc., and the majority of lynchings from 1890-1920 were to steal land). But sure, keep repeating Reagan-era talking points.[/quote]
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