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
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Wealth inequality has widened along racial, ethnic lines since end of Great Recession [View all]bravenak
(34,648 posts)23. Those are good ideas.
But we have to work on the disparities in education and employment in order for us to even get to that point. With the black unemploymemt rate so high, and the excess number of us in prison, we are not able to hold on to any money we get. Our middle class helps support our poor to such an extent ( I do this myself with family) that it's hard to save up enough for the down payments.
I've spent enough over the last five years, just on my family members with disabilities and fathers in prison to put 30 grand down on a house. As it is, I still live in an apartment until I can save enough.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
73 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Wealth inequality has widened along racial, ethnic lines since end of Great Recession [View all]
Agschmid
Jun 2015
OP
Yes, home ownership is seen by many economists as a surefire way for many to rise from poverty
Number23
Jun 2015
#19
And it certainly doesnt help when some people stonewall new low income housing because of
cstanleytech
Jun 2015
#44
Exactly. And gentrification in formerly low income neighborhoods has been a huge issue for decades
Number23
Jun 2015
#49
In some markets, however, bad loans were a way to further screw that very same demographic.
NYC_SKP
Jun 2015
#13
You are absolutely right, African Americans were hit harder by this than others and ended up worse..
NYC_SKP
Jun 2015
#26
Putting families first, she has said this from day one of her announcemet (speaking of middle class)
William769
Jun 2015
#12
Historically in the US and in progressive countries now, better income/wealth equality was achieved
pampango
Jun 2015
#68
Economics is not an upper class, white hobby but real and life and death for the disadvantaged.
TheKentuckian
Jun 2015
#71