Black Money Business Jobs : Why the racial wealth gap won't go away

Clyde C Coger Jr

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In the Spirit of They Say,

Bernie speaks to income inequality and about political revolution.



Video: Why the racial wealth gap won't go away

For many black and Hispanic families in the United States, achieving financial security remains frustratingly out of reach



A big reason for that is that blacks and Hispanics have far less wealth to start with than their white counterparts -- a concept known as the racial wealth gap.

Wealth, or net worth, is the value of assets including your home, retirement savings and income minus the debt owed against those assets. According to federal data, the median wealth for white familiesin 2013 was around $141,900, compared to Hispanics at about $13,700 and blacks at about $11,000.

"Everyone is pushing a boulder up a steep hill, but for African-American and Latino families it's a much steeper climb," said Jeremie Greer, the vice president of policy research at the Corporation for Enterprise Development, a Washington, D.C.-based economic think tank. Those families "are less financiallysecure than they've ever been," he said ...



http://money.cnn.com/2016/01/25/news/economy/racial-wealth-gap/index.html

160125130136-racial-wealth-gap-780x439.jpg


A new report issued by CFED paints a sobering picture of the economic future for many families of color, despite federal policies and programs that were created to help struggling Americans


...


 

Clyde C Coger Jr

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All of that wealth gotten from the free labor of our people.

Murica



Yep, America is pitiful ... Which is why I will never give up on deserved Reparations like the others:

https://destee.com/threads/bernie-and-hillary-have-the-same-position-on-slavery-reparations.85377/page-2#post-940440



Reparations Movement Growing Strong...Closer than you think
Discussion in 'Black People Politics' started by Clyde C Coger Jr, Apr 29, 2010

https://destee.com/threads/reparations-movement-growing-strong-closer-than-you-think.61773/


...
 

Clyde C Coger Jr

going above and beyond
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...


Federal Reserve Report: Black People Are Not Likely To Become Millionaires



... While the statistics did not go through the entire scientific verification process, Bloomberg did gather information from the Federal Reserve Bank of St. Louis and found some interesting results. For instance, they found that race may play a significant factor in determining a person’s chance of accumulating wealth ...


http://financialjuneteenth.com/fede...ople-are-least-likely-to-become-millionaires/


billionaires.png

By Robert Stitt


Black-money-300x198.jpg



...
 

Chevron Dove

Well-Known Member
MEMBER
May 7, 2009
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In the Spirit of They Say,

Bernie speaks to income inequality and about political revolution.



Video: Why the racial wealth gap won't go away

For many black and Hispanic families in the United States, achieving financial security remains frustratingly out of reach



A big reason for that is that blacks and Hispanics have far less wealth to start with than their white counterparts -- a concept known as the racial wealth gap.

Wealth, or net worth, is the value of assets including your home, retirement savings and income minus the debt owed against those assets. According to federal data, the median wealth for white familiesin 2013 was around $141,900, compared to Hispanics at about $13,700 and blacks at about $11,000.

"Everyone is pushing a boulder up a steep hill, but for African-American and Latino families it's a much steeper climb," said Jeremie Greer, the vice president of policy research at the Corporation for Enterprise Development, a Washington, D.C.-based economic think tank. Those families "are less financiallysecure than they've ever been," he said ...



http://money.cnn.com/2016/01/25/news/economy/racial-wealth-gap/index.html

160125130136-racial-wealth-gap-780x439.jpg


A new report issued by CFED paints a sobering picture of the economic future for many families of color, despite federal policies and programs that were created to help struggling Americans


...


WOW! This is so depressing! How White people still managed to keep the wealth to the point of having statistics like this after 8 years of president Obama is so upsetting. Numbers don't lie though.

I'm so grateful that you posted this thread.
 

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