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White-Minority Wealth Gulf Widens
Wall Street Journal ^ | July 26, 2011 | MIRIAM JORDAN

Posted on 07/26/2011 7:45:23 AM PDT by reaganaut1

Edited on 07/26/2011 7:56:35 AM PDT by Admin Moderator. [history]

The wealth gap between whites and each of the nation's two largest minorities—Hispanics and blacks—has widened to unprecedented levels amid the housing crisis and the recession, according to new research.

The median net worth of white households is 20 times greater than that of black households and 18 times greater than that of Hispanic households, according to an analysis of newly available 2009 government data by the Pew Research Center, an independent think tank.


(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: wealthgap
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Encouraging the immigration of people who don't save and are natural supporters of "redistribution" is a bad idea. George W. Bush did not understand that.
1 posted on 07/26/2011 7:45:28 AM PDT by reaganaut1
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To: reaganaut1

How many folks understand the difference between average and median?

Lies, damn lies, and statistics.


2 posted on 07/26/2011 7:47:58 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: reaganaut1

I’ve seen several of these articles lately: whitey makes more money, etc.

Seems the MSM is complicit in the “big lie” that will start CWII. This next one will be a war of race first then religion as Islam tries to fill the power vacuums across the country.


3 posted on 07/26/2011 7:48:04 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: reaganaut1

I really don’t believe this....Whites are the ones that have been hurt by this recession...they WERE working. The other groups are standing in the same hand out lines as before.


4 posted on 07/26/2011 7:48:52 AM PDT by Sacajaweau
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To: reaganaut1
The wealth gap between whites and each of the nation's two largest minorities—Hispanics and blacks—has widened

There is a cure for that...its called "WORK".

5 posted on 07/26/2011 7:49:43 AM PDT by GoldenPup
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To: reaganaut1

Blacks are the only group in America that at a glance you can know with 95% certainy that they voted for the zero!

There are consequences to all actions.


6 posted on 07/26/2011 7:50:44 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: reaganaut1
Skipping past the "immigration" part the "don't save"part is strange. We are talking about a DROP IN WEALTH which necessarily means SOMEBODY had done some saving.

You need a better simile.

7 posted on 07/26/2011 7:51:04 AM PDT by muawiyah
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To: reaganaut1
ObaMao is still a hero to many people of color because he destroyed more total wealth of whitey. It is the same sort of mentality a driver of a 1997 Pontiac would get if it totaled a 2011 Mercedes in an accident. It's tough to get your car wrecked but, by golly, you came out ahead because you punished that rich s.o.b. who drove the Mercedes.
8 posted on 07/26/2011 7:52:01 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: reaganaut1

In completely unrelated news:

People who work hard and who have a good attitude tend to earn more money.

People who believe that the world owes them a living don’t do as well.


9 posted on 07/26/2011 7:52:12 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: GoldenPup

Actually, you can work as much as you want, but if you don’t spend less than you earn, you’ll never have much wealth.

There are plenty of people of all races who spend their entire income, even if it is high.


10 posted on 07/26/2011 7:52:19 AM PDT by proxy_user
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To: reaganaut1

Sounds to me like some people better get work and have loftier dreams.

You have to aspire to something greater than you current situation.

You have to have a dream.

It doesn’t happen by accident.

You have to want it. Whatever “it” is.


11 posted on 07/26/2011 7:52:26 AM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: reaganaut1
Ever noticed these studies never include Asians? Why? Could it because they do not fall into the "disenfranchised minority" stereotype?

Could it be that it is easier to bash Whitey by conveniently leaving out other "minority" groups that dont fit the victim stereotype? Does it shifts the focus away from the question why are Blacks and Hispanics not successful?
12 posted on 07/26/2011 7:53:55 AM PDT by ThinkingBuddha
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To: Sacajaweau

Most of the wealth of blacks and hispanics came from growth in home equity in the real estate bubble. In the critical states, like CA, real estate prices in really crummy neighborhoods got run up by all the questionable loans and now have gone back to lower levels. In the meantime, a lot of those people refinanced to take cash out and are now broke again.
They are trying to get support for more bad lending and redistribution of wealth at the expense of the real middle class..white, black and khaki.


13 posted on 07/26/2011 7:54:11 AM PDT by Oldexpat
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To: reaganaut1

So what. My family arrived here in the 1850s an have to a man (and woman) worked their butts off for 160 years and five generations, starting small businesses, working in corporations, becoming educated to hold jobs like teacher, couneslor, dentist, accountant and software designer.

Of course we have more money that the people who snuck in last year and live on welfare.

I’m so sick of the MSM, why do they right this tripe? Honestly!


14 posted on 07/26/2011 7:54:41 AM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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To: GoldenPup

“WERK!???”

HOW DARE YOU!!!

/S /S /S /S /S


15 posted on 07/26/2011 7:54:41 AM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: reaganaut1
The wealth gap between whites and each of the nation's two largest minorities—Hispanics and blacks—has widened to unprecedented levels amid the housing crisis and the recession, according to new research.

Sounds like a lot of the minorities better get to f$%^ing work then.

I'll bet the differnce between left/right diferentiation for minorities flips like a light switch as you move up the income levels.

16 posted on 07/26/2011 7:55:01 AM PDT by Centurion2000 (Watch what people DO, not what they say.)
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To: reaganaut1
Well we know that all the people who have a lot less than others have a friend in the White House who will correct this ahem "injustice" by redistributing the obviously ill-gotten gains of those who have more. "Take it from them!" is the economic and social battle cry of Obama and the Obamatons. Hey, why go to school, graduate, work hard, and defer gratification for a period of time when you can have it all right now. Just take it from the producers, right?

Oh, wait a minute, it's justified to take it from them, because they never created anything anyway. See, there was this huge pile of money that just naturally existed, and the rich people just got there first. So just take your share away from them. Don't bother working for a living, Big Government will hand it to you.

17 posted on 07/26/2011 7:55:07 AM PDT by driftless2
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To: reaganaut1

The Federal Reserve and our Federal Gov’t are, in sum, Robin Hoods in-reverse.

Their policies hurt the worker and middle class, and in the end, favor the rich and politically-connected.


18 posted on 07/26/2011 7:55:27 AM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: reaganaut1

I would think this has more to do with the recession than immigration. High unemployment hits employees more than employers. If the economy tanks and everyone is dragged down, the percentage of wealth located at the “top” would increase.


19 posted on 07/26/2011 7:56:00 AM PDT by Flightdeck (If you hear me yell "Eject, Eject, Eject!" the last two will be echos...)
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To: Travis McGee

“Lies, damn lies, and statistics.”

You pick the statistics for the story you want to tell. In this case the writer is sure that even after decades of affirmative action, preferential treatment in college admissions, and government contracting that somehow there is a great disparity between “white wealth” and “black wealth”.

Using the mean would not tell much of a story, but when you use the median......suddenly you have racism.


20 posted on 07/26/2011 7:56:10 AM PDT by RFEngineer
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