Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBoston African-American median net worth $8.
http://www.newsweek.com/boston-african-americans-poverty-wealth-inequality-744108One of Spotlight's most daunting findings is the economic disparity between whites and blacks in Boston.
Using data from the Federal Reserve of Boston, Spotlight found that non-immigrant African-Americans in the Boston area had a median net worth of $8. "That means they owe almost as much as the combined value of what they own, be it a car, or house, or savings," Spotlight writes.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 1640 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (7)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Boston African-American median net worth $8. (Original Post)
Susan Calvin
Apr 2018
OP
Anon-C
(3,430 posts)1. I'm sure universal basic income will end the disparity!
https://www.nytimes.com/interactive/2018/03/19/upshot/race-class-white-and-black-men.html
Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99 percent of America. And the gaps only worsen in the kind of neighborhoods that promise low poverty and good schools.
According to the study, led by researchers at Stanford, Harvard and the Census Bureau, income inequality between blacks and whites is driven entirely by what is happening among these boys and the men they become. Though black girls and women face deep inequality on many measures, black and white girls from families with comparable earnings attain similar individual incomes as adults.
...
If this inequality cant be explained by individual or household traits, much of what matters probably lies outside the home in surrounding neighborhoods, in the economy and in a society that views black boys differently from white boys, and even from black girls.
One of the most popular liberal post-racial ideas is the idea that the fundamental problem is class and not race, and clearly this study explodes that idea, said Ibram Kendi, a professor and director of the Antiracist Research and Policy Center at American University. But for whatever reason, were unwilling to stare racism in the face.
I have adored Bernie for over a decade, and still do, but I really don't think he gets this, yet. I have hope. (Usual suspects, I hope you don't pile on here. Oh well. Whatever.)