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In reply to the discussion: Wealth inequality has widened along racial, ethnic lines since end of Great Recession [View all]sheshe2
(83,878 posts)58. A year later.
I lost my job. Unemployed for 5 months. Yes, In am the only wage earner in my home.
Took the only job I could find at my age. I took a 50% pay cut. I was offered jobs that would have paid me what I was paid in the early 1985's. They wanted to pay me what I was paid 20 years ago.
I had to sell my home.
Do not preach to me.
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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