Whites 5x richer than blacks in the US

Speaking from my husband's experience at work, I will relate the way the "white" guys tell it. There was a program at his place of employment that was offered to only African Americans. It was to teach them how to pass a test so they could become trained for a better job at work. I am being vague on purpose. They especially wanted black women to take advantage of this program. When they did not take advantage of the class the white men wanted to use the class and they shut the program down.

My husband is not a racist, but he will call it the way he sees it. The black women at work gives management the most trouble. They want the jobs that they can get more overtime with and less time on their feet, but my husband has to work circles around them and carry their load. He has also had to do the dirty part of jobs for some of the black men because they come over dressed for work and don't want to mess their clothes up. He does have one man who has a very good work ethic and dresses properly for work that he respects. There is another guy who is undependable. He will take a day off work for a hang nail and it really affects the department. The rest of the team have to carry his load. My husband will come home sometimes with blisters on his toes because he never got a chance to sit down in 13 hours.

Yes, this white family has a lot of assets because we work hard and spend our money wisely. We raised our children in a two parent home and sent them to college. We don't expect the government to take care of us. We don't dress to impress or drive the right vehicles.

The city of Flint is a half hour away from us. You can drive through the poorest parts of the city and see expensive new cars in many driveways. I don't understand what it is about their culture, but something is wrong.

Originally posted by mobiusmale

This study, if it can truly be called one, is not worth reading. I stopped reading the article after the following:


"...the highest-income African-Americans has actually fallen in recent years, dropping from a peak of $25,000 to about $18,000, while among white counterparts of similar class and income it has surged to around $240,000..."

Really?? The very highest-income African-Americans only earn about $18,000 per year? There are no African-American doctors, or lawyers, or executives, or business people, or politicians, or actors or professional athletes, etc. etc.

Perhaps they should have released this "study" on April Fools Day...

They are only talking about the people in the study...

Good lord some of you are dense.

Originally posted by RestingInPieces
Well, the reason BLACKS don't have as much money as WHITES is because BLACKS have bigger families. They also lend money that is never paid back, and help cousins go to school. They also help their brothers, sisters, aunts and uncles. They help the family out with legal and family problems too.

Thats why BLACKS have less money than whites.

.... No, seriously. It is, lol.

Someone needs to let Obama know about this interesting bit of info. He has a brother, living in poverty, in Kenya (his home country?), and a well known previously illegal alien aunt in Chicago. What did Obama do to help them?

Originally posted by dolphinfan
reply to post by Niccawhois

 

When 70% of black kids are born into single parent families they are destined to not be successful. The incidents of drug and alcohol abuse, criminal conduct, high school drop rates are all significantly higher in single parent families, white or black.

Welfare, which starting in the 60s devalued the black family and eroded the social consequences of not creating and maintaining a nuclear family is the reason for these statistics.

The welfare and tax laws of the US work against ALL families, regardless of color. The destruction of the family is a key element in making the state the true "big brother". By making us all government dependants they consolidate their power because who would be foolish enough to bite the hand that feeds them?

OP - I agree the article is a gross overgeneralization and only serves to inflame racial hatred. There is equal opportunity for all but one thing I have not seen mentioned is the importance of good reading skills, the basis for all education is given more importance by white parents than black parents. By age 10 white children consistently score at least 2 grade levels higher than their black peers.

OK here it is in a nutshell...

The reason for blacks being poor and less affluent is because they vote for Democrats who keep them on the political plantation. They join up in worthless organizations such as ACORN, Jessie Jackson, etc. They look for and take government welfare and handouts. And they use a lot of drugs and get women pregnant and refuse to take care of the children they bring into the world. That's why.

Suggestion if you are one of these people. Think for yourself. Work hard for yourself. Take care of family. Get off of drugs. Refuse government handouts. Stay away from scam organizations like ACORN, Jessie Jackson, etc. And please, stop getting on the plantation bus for Democrats, who don't care about you at all.

Whites are not richer because they are white, but because most choose to think for themselves, go for their dreams, and shun con men, and don't vote for commie socialist parties like the Democrat Party. Most are independent minded, want small limited government, and tend to take care of their offspring, even if they are unmarried.

But it's not a white thing, it's a learned thing. Blacks have been trained to stay on the political and social plantation, and choose to play the poor poor victim.

reply to post by RestingInPieces



Well of course the figures are supposedly derived from a sample of the populations they "studied". They then use the "results" of this sample to make sweeping statements about the overall population...

These flawed generalizations are then used by the news article's author to make sensational claims about the wealth disparities that are claimed to exist between the classes of individuals discussed.


Statements like, "A huge wealth gap has opened up between black and white people in the US over the past quarter of a century – a difference sufficient to put two children through university – because of racial discrimination and economic policies that favour the affluent"

So, your point is what exactly?

reply to post by Niccawhois

I believe firmly that black people spend money to look rich, while white people save money to be rich!

And your belief is dead wrong. Your doing what people typically do, defining a whole class of people by the actions of the few.




[edit on 19-5-2010 by cenpuppie]

The OP is wrong.
The disparity is because of racial discrimination that goes back generations. Black people just don’t have the assets handed down to them from their parents and grandparents like White people do on the most part.

Extreme racism has only been rooted out for only 40 years or so. In that time whites accumalteted assest blacks couldnt.

The survey is talking about wealth and assets like homes, boats, stocks and bonds that many white people [ not all of course] have that blacks haven’t inherited.

Originally posted by RestingInPieces

Originally posted by Xtrozero


The reason I find 5x rather difficult to swallow is that a black family that made 20k would then be average equal to a white family that made 100k and I just do not see it.

If you find it so hard to swallow, perhaps it's not that the study is so crazy, but perhaps you don't understand the core of it?

The study is concentrating on wealth holdings. From 1984 to 2007, if you take low, middle, or high income black and white families... and compare how much they've saved relative to their own income classes, it shows that whites have been gaining more wealth until 2007. They've been investing or saving. The Black families (same classes respectively) have not. Their wealth earnings are basically a flat line.

For example. Take a bunch of families in 1984. half are black, half white. All make around 100k a year.

What is the difference in the year 2007 from the above scenerio?

The average black family from the above pool have wealth holdings of only $5,000 while the whites have $230,000 in wealth holdings.

The study is more or less reflecting that blacks are not investing or saving... It's not saying blacks don't have for whatever reasons.

The people commenting on the study from the story are saying it is policy and discrimination that is not allowing blacks and whites of the same income to get on equal footing.

For instance, a white guy and a black guy who make 100k a year each walk into a bank to get a loan. White guy gets it, black guy doesn't.

Then they start saying how blacks don't have wealth because they help their families more than whites do, and help send their cousins to school more than whites do, and help aunts and uncles and brothers and sisters more than whites do.

On top of that, they want to bring it up in congress to make new laws for minorities specifically in regards to lending practices. For example, blacks will have capped interest rates or something absurd like that.

How do you chew it now?

I had to quote you on that, hehe. Finally someone who read the article instead of spewing unsubstantiated claims out there mouth.

And for the record, why don't people on this FORUM google the disparities in loan practices by auto makers (Like Toyota) and banks ( Like Bank of America). But knowing folks here, they will just deny anything they find out.

I come here for folks RestingInPieces. There is a problem, and once the demon known as institutionalized racism is exorcised, it's a better world for everyone.

reply to post by inforeal


Bravo, finally someone that get's it! *claps*

Originally posted by inforeal
The OP is wrong.
The disparity is because of racial discrimination that goes back generations. Black people just don’t have the assets handed down to them from their parents and grandparents like White people do on the most part.

What a complete load of garbage...

You cannot possibly believe that financial assistance from mommie @ daddy
is the reason white people earn, save more money!

What about asian immigrants? They come to this country with nothing and statistically earn more than whites!

Even if that is the case, you are simply pointing out that previous generations of black people are mismanaging their assets in the same manner as their offspring...

reply to post by davidmann


Take the Rothchilds, Kenedys, Morgans and Rockefeller out of the stats and the truth will be shown that whites are most likely left with less money that black due to affirmative action!

Originally posted by Niccawhois

Originally posted by inforeal
The OP is wrong.
The disparity is because of racial discrimination that goes back generations. Black people just don’t have the assets handed down to them from their parents and grandparents like White people do on the most part.

What a complete load of garbage...

You cannot possibly believe that financial assistance from mommie @ daddy
is the reason white people earn, save more money!

What about asian immigrants? They come to this country with nothing and statistically earn more than whites!

Even if that is the case, you are simply pointing out that previous generations of black people are mismanaging their assets in the same manner as their offspring...

... because the Asians come over here with an education and are driven. This is quite contrary to the blacks who are usually not as educated due to coming from an impoverished background and not placing priority on education as much as urban social status.

Originally posted by RestingInPieces

Originally posted by Niccawhois

Originally posted by inforeal
The OP is wrong.
The disparity is because of racial discrimination that goes back generations. Black people just don’t have the assets handed down to them from their parents and grandparents like White people do on the most part.

What a complete load of garbage...

You cannot possibly believe that financial assistance from mommie @ daddy
is the reason white people earn, save more money!

What about asian immigrants? They come to this country with nothing and statistically earn more than whites!

Even if that is the case, you are simply pointing out that previous generations of black people are mismanaging their assets in the same manner as their offspring...

... because the Asians come over here with an education and are driven. This is quite contrary to the blacks who are usually not as educated due to coming from an impoverished background and not placing priority on education as much as urban social status.

And the Asians that came over had a choice

I usually dont comment much on this board i mainly just read the posts but I have to say that most of the replies on this forum are downright IGNORANT. Most of you have ZERO idea about what it takes to be a black family in the US but you talk as if you have a PhD in "The Black Family Unit". You have no idea how hard it is to obtain credit as a black person. My position allows for me to see the disparities mentioned. I have personally seen blacks with the same financial backgrounds as whites get turned down for loans or lines of credit that their white counterparts have no problem in obtaining. Why does this happen? Your guess is as good as mine but it is a sorry but true fact! The problem with most whites is that even when presented with facts you still believe whatever it is you want to even if it goes against the facts presented. Knida like religion in that aspect! A very high percentage of blacks are born into poverty or very low-income situations without the support or financial assistance of their white peers parents and grandparents. Blacks do not receive the same education as whites as their schools are no where near as equipped as predominately white school systems. This in turn leads to a lower earning potential when entering the workforce. I think most of you need to really step back and accept these facts as what they are: FACTS. Then we can decide as to how we need to proceed to close this disparity. BTW, blacks do not want to look rich! That was one of the most asinine statements I think I read, among others.

[edit on 19-5-2010 by TheyRHere913]

reply to post by Niccawhois


Well i mean we kind of had a head start , so it only makes sense right?

I don't get the whole comparing what whites and blacks make...

Check again in 100 years and maybe it will reveal a more balanced result.

Reply to post by Niccawhois

Could it also be...ignoring all of these societal factors which do play a part....that since blacks constitute less than 15 percent of America....that it makes sense that whites overall would have more income? Since they represent a larger portion of America?


Posted Via ATS Mobile: m.abovetopsecret.com

reply to post by Niccawhois


It's not the studies that bother me...

It's the people who believe the studies regardless of facts or evidence and don't use their own brain to question them...

If people were smarter, they would be like " ok , cool , that doesn't really say much but thanks for the fun fact " .....but people act like all whites are bad for making money..


Would all blacks be bad if they made 5x more than whites? Nope ..

I'm white so my perspective on life is of a middle class suburban white male...

But then again.....I'm not like every white male....I'm ME...and my views, feelings, skills, assets , ect....are UNIQUE to ME and only ME......


Why do people love to group everyone together as one person...

I'm white .....but I don't agree with half the stuff my other white friends do.......

But according to some surveys, we are all the same....

lol it's pretty laughable really...

But it's true that a good portion of whites in our country make more then blacks..

A lot of blacks moved into inner cities from the country.........whites starting moving out to the suburbs and so did the money...

You can't expect newly free blacks to just show up with wealth....

There is less money in a lot of inner cities....meaning less paying jobs....meaning you make less.....

Take that same black person and move them to the subs and maybe they could find an equal job out in the subs that pays maybe 5 grand more a year....

The problem only lies with the extremist blacks and the extremist whites.......

They are totally un-balanced and "they already know it all " ...so it's useless to try adn teach them..

The rest of the normal balanced whites and blacks understand these numbers are not always accurate.....

I would say it's very common to see blacks overcome stereotypes and do VERY well for themselves.......If they have good work ethic and are smart then good things will work themselves out....same for whites......


although I do understand there are many racist whites......I can't do anything about that really....people are going to be ignorant

So 150 years ago, while I did not exist, some people used other people to get their work done.. 50 years ago.. it was realized how bad this was and they started with the reverse racism in some hope that giving people that were never slaves a better chance then someone else who never owned a slave because they were white... 2years ago we elected a black president. White people do not sit around harping on this all day and feeling guilty... you know why?? We did not do it.. all the people that had slaves are all dead.. they died off in the 1940's.. over 70 years ago.. so from a white persons perspective it kind of seems more like a society question as opposed to a racial issue..and I think everyone should pull their own weight and get rewarded for doing so... I don't know any whites anymore that are really bent up on being racist and angry about black people.. But some blacks are just straight out angry at white americans.. including me.. when I go to a gas station or something.. some blacks will give me a disapproving look because I have a 16000 dollar mustang with nice wheels.. they assume I am rich when in reality I work very very very hard to make minimal money and I live paycheck to paycheck because my salary got cut because the banks felt they needed to start giving loans to people who could not afford houses as part of a "politically correct" rule that the government started.. you cannot steal from the rich and give to the poor without the rich feeling like they are getting robbed unfairly.. if you take away the ability for people to make lots of money without feeling guilty you take away the motivation to make money and then we fail as a society since someone who does not contribute gets the same status as someone who works their but off, I am not saying blacks are not contributing but since I did not own a slave or believe it is ok or was even alive when all of this was going on that I see this as a society issue and I feel we have opened the door for minorities through many programs so go out and get it........ I would like to say something to blacks in America..Stop being so darnn angry about something that died off a long time ago.. We did not have anything to do with it period! You can be president now.. stop blaming me because I am white and I work hard.

Did anybody stop to think that maybe the average white person has 5x more sense of personal responsiblity than the average black person? I don't blame the black folks though. I blame the Progressives who keep telling them that it is everyone's fault but their own and only the government can make life fair.