Posted on 04/29/2013 12:42:00 PM PDT by rightwingintelligentsia
WASHINGTON — Millions of Americans suffered a loss of wealth during the recession and the sluggish recovery that followed. But the last half-decade has proved far worse for black and Hispanic families than for white families, starkly widening the already large gulf in wealth between non-Hispanic white Americans and most minority groups, according to a new study from the Urban Institute.
“It was already dismal,” Darrick Hamilton, a professor at the New School in New York, said of the wealth gap between black and white households. “It got even worse.”
Given the dynamics of the housing recovery and the rebound in the stock market, the wealth gap might still be growing, experts said, further dimming the prospects for economic advancement for current and future generations of Americans from minority groups.
(Excerpt) Read more at nytimes.com ...
Reparations now!
” unexpected”
: )
Well when your ethic about life in general is not to work you usually don’t end up being very wealthy.
"Wealth Gap Among Races Widened Since Recession 0bama's Election"
There. That's better.
So what the heck is the Obama regime doing with all of the “wealth redistribution” money it is stealing from whitey?
TFB
Progressive policies, which always revolve around Gov’t-controlled redistribution, also always have the exact opposite results from what are intended.
I don’t remember the number off hand, but I remember there being a HUGE percentage of AA’s that do not complete high school. So how much wealth are they expected to accumulate with no HS diploma?
lol Blacks and a growing number of Hispanics stay losing due to their politics.
Hey bitches try voting for lower taxes, smaller government that is pro small business and pro job growth, vote for tougher criminal penalties for thugs in your neighborhood, and for higher standards in public schools, instead of playing victim and awaiting benefits from the Federal Government master.
Keep your families together and take personal responsibility. Stop listening to the brainwashing.
The wealth gap between black and white households would probably not be quiet so large if a larger percentage of Africanaamericans had jobs.
So what the heck is the Obama regime doing.....
______________
The regime is applauding Helicopter Ben’s quantitative easing money policy which inflates equities, other asset prices, commodities and goods and services... thereby instituting a stealth tax on savers and increasing the “wealth” gap between those that own assets and those who do not. Though the owners of the assets are really not much richer because of the inflation that is also created. Fun huh?
Too bad. Their hero made it happen. They should send their complaints to 1600 Pennsylvania Ave. The occupant will pick up his mail when he’s back from vacation.
Not quite, but it has also been shown that, NORMALIZED FOR INCOME,
Asian wealth > “white” wealth > black wealth.
It’s all a matter of what you spend your income on.
“Consumables” or “investments”
Quick call the WHAAAAAAMBULANCE! If the deadbeats would get off of their a$$’s and get a job it just might help.
or the golf course
"Wealth" is money you haven't spent.
Eric Holder's people have been getting taxpayer dollars shoveled at them by the boatload, but they spend it as soon as they get it, ergo they have no "wealth."
That doesn't mean they're not getting plenty of dollars. It means they're financial idiots.
But the referenced article states,"By 2010, the median wealth of white families was over $100,000 higher than the median wealth of black and Hispanic families ($124,000 versus $16,000 and $15,000 respectively.)"
Unless the numbers refer to Manhattan, the NY Times writer's numbers just don't ring true.
According to the Census Bureau (who we pay to extract this data), http://www.census.gov/people/wealth/, "For all households, median household net worth decreased by 35 percent from 2005 ($102,844 [+/- 2,606]) to 2010 ($66,740[+/- 1,955]) (All comparisons are significant at the 90 percent level. All dollar figures are in 2010 constant dollars). This decrease in median household net worth reflects the declines in housing values and stock market indices. However, excluding home equity, median household net worth increased by 8 percent from 2009 ($13,859) to 2010 ($15,000)." Which is more consistent with the numbers in the referenced article and numbers available elsewhere.
Oh, and as comments on the article point out, aren't there any Asians? (Or would their net wealth be difficult for the author to explain?)
Wealth gap between those working their rear ends off and those taking a free ride has widened considerably since THE FOREIGNER was elected.
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