Wealth gap hits black families in U.S...

Wealth gap hits black families in U.S., La.

There are 6 comments on the The Advocate story from Sep 24, 2012, titled Wealth gap hits black families in U.S., La.. In it, The Advocate reports that:

The median net worth - not income - of black families in the U.S. is less than $5,000 compared with more than $110,000 for comparable white families, said small business officials.

Join the discussion below, or Read more at The Advocate.

Since: Oct 09

Location hidden

#1 Sep 24, 2012
Wow so our people have only gotten poorer since we elected a black president?
big pimpin

United States

#3 Sep 24, 2012
jeez wrote:
<quoted text>Who is OUR people? You were white!

sassyntrashy wrote, "I gt so sick of seeing people excuse little criminals claiming that poverty drove them to violence. I say we should avoid jails and start sending our little criminals to the truly impoverished war torn nations in Africa. Let's let them live under some of the mass murdering rebels in the Congo or Uganda and I am sure if they survive we can bring them back they will have much more of an appreciation of their own country."

That is so true. I am white and work with many blacks that is so frustrated cause they bust their a$$ and gets the bum wrap.

Since: Oct 09

Location hidden

#4 Sep 25, 2012
While our blacks ignoring this new revelation that we got poorer under Obama.

“Sombrero Galaxy”

Since: Jan 10

I'm An Illegal Alien

#5 Sep 25, 2012
sassyntrashy wrote:
While our blacks ignoring this new revelation that we got poorer under Obama.
We got poorer because of the recession. A recession caused by people who brought homes they could not afford, banks who gave out those bad loans then persuaded investors to buy the bad loans, ratings agencies who gave those loans good ratings, the repeal of glass steagal, and ponzi schemers. O's stimulus worked, but ever since the reps gained control the house, we have been going down again.

Collingswood, NJ

#8 Apr 15, 2015
wow that's stupid because i'm semi black and i just spent like 10 thousand dollars on my white girlfriend like.. last year.. and my uncle asked me how did i get 5 thousand dollars i'm like i unno..

my mom gave it to me they're all amazed by it and stuff..

no but seriously i'm not surprised many people are impoverty basist on the fact that someone might have too many kids anyway and not give them all the resources..

Rio Rancho, NM

#9 Apr 15, 2015
when gibsmedats realize you have to work and save your money and buy assets with the money in order to gain 'net worth', then maybe they can claw their way up like everyone else has to.

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