Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-48 next last
To: Sacajaweau

I don’t believe it either. The underlying source of the data is suspect to me.

A bunch of people who specialize in “wealth inequality” are not good arbitors IMO. This story, which came otu yesterday, abounds in them.


21 posted on 07/26/2011 7:56:54 AM PDT by BunnySlippers (I love BULL MARKETS . . .)
[ Post Reply | Private Reply | To 4 | View Replies]

To: reaganaut1

Why no data presented on really minority - Asians in US ?
They are doing just fine, may be better than others.


22 posted on 07/26/2011 7:56:54 AM PDT by jennychase
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
Surprise surprise WSJ: this is what happens when politicians, race hustlers and newspapers like your's spend years encouraging a massive illegal influx of illiterate and poverty stricken 'minorities'.
23 posted on 07/26/2011 7:57:17 AM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
“Wealth—the sum of such assets as a home, cars, stocks, bank and retirement accounts, minus the sum of debt....”

How about big screen TV’s, BMW's, custom wheels, number of cellphones, X-Boxes, boom-boxes, low-riders, beer and liquor purchases, ability to game the welfare and healthcare systems? It all depends on how you measure wealth, I guess. Let's call these folks “the insouciant wealthy.”

24 posted on 07/26/2011 7:57:57 AM PDT by July4 (Remember the price paid for your freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Travis McGee

A trip to the nearest upscale shopping mall reveals the truth.

Check out the luxury cars in the parking lot too.


25 posted on 07/26/2011 7:58:53 AM PDT by del4hope
[ Post Reply | Private Reply | To 2 | View Replies]

To: ThinkingBuddha

Asians work their azzes off.

the Cupertino, CA school district is one of the most sought after school systems for it’s competitiveness.

Then look at their work ethic.

I have worked with guys who worked so hard and so many hours they literally fell asleep at work if there was a moment of free time.

Once saw two guys fall in the lunch room.

One was sprawled face down on the lunch table and the other was laying full back, with mouth open, passed out.

Hated to wake them up but I knew they would kick themselves for missing their appointments.


26 posted on 07/26/2011 7:59:33 AM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
[ Post Reply | Private Reply | To 12 | View Replies]

To: Vendome
...the other was laying full back, with mouth open, passed out.

I saw a boss of mine in this position once, but it wasn't the result of working too hard.

27 posted on 07/26/2011 8:02:31 AM PDT by skeeter
[ Post Reply | Private Reply | To 26 | View Replies]

To: jennychase
Why no data presented on really minority - Asians in US ?

Or black Africans from Africa or the West Indies. I recall they are doing very well, and appreciate being here.

28 posted on 07/26/2011 8:03:09 AM PDT by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: ThinkingBuddha
"Hispanics" - whatever that is - aren't a minority, unless you want to say that every ethnic classification that ever came to the United States is a minority.

In that case, we need to talk about the oppression and needs of Scots-Irish, Palatinate Germans, Lowland Dutch, Mennonite communals, Bohemian Czech, Ruthenian Catholics, Galicians, Hueguenot refugees, Dal Riata Scots, English Freedmen, Ukrainian kulaks, Serbo-Croatians, Slovenians, Tuscan Italians, Sicilian gangsters, and....well, everyone gets the idea.

Mexicans, Cubans, Spaniards, Guatemalans, Colombians...they're not a "victim" minority. They're just foreign ethnicities, ethnics who have been at war with Protestant civil society for 7 centuries. The reason for their "poverty" is their own social order, which they now seek to inflict on the previously mentioned ethnicities because...misery loves company, I guess.

They deserve no special consideration, certainly not income redistribution.

And a large fraction of them merely deserve deportation.

29 posted on 07/26/2011 8:05:12 AM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: reaganaut1
"White-Minority Wealth Gulf Widens"

...Under Obama

...Under demonrat Governance

...Because of obama, Reid and Pelousy.

30 posted on 07/26/2011 8:08:50 AM PDT by GBA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Travis McGee
How many folks understand the difference between average and median?

Mean = rich white folks
Median = that grassy area in the middle of the road
Mode = a shopping place
Range = where the deer and the antelope play.

31 posted on 07/26/2011 8:10:51 AM PDT by IYAS9YAS (Rose, there's a Messerschmitt in the kitchen. Clean it up, will ya?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: reaganaut1

WHY IS THIS SO?


32 posted on 07/26/2011 8:11:45 AM PDT by TSgt (When in the Course of human events...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Boil it all down and it results in the fact that more of the one demograph work, strive and sacrifice and less of the other one does. Of course, this fact would be obviscated by pronouncements that the other has “less opportunity” etc, and therefore the governemnt must correct the issue through discrimination.... and wealth redistribution ploys.

Grand BS.

Best;


33 posted on 07/26/2011 8:14:16 AM PDT by Manly Warrior (US ARMY (Ret), "No Free Lunches for the Dogs of War" (my spelling is generally korrect!))
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
WOW!

Who would have ever guessed the dems and their “TRICKLE UP” economics would make the rich richer and the poor poorer?

You increase the number of people receiving goods and services paid for by the govt., the wealth doesn't go to the people at the bottom receiving the goods and services, the wealth goes to the people at the top providing the goods and services.

34 posted on 07/26/2011 8:15:09 AM PDT by IMR 4350
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vendome
I like the phrase that I think came from Edison, and it goes something like this:

“Most people miss opportunity because it comes dressed on coveralls and looks like work”

(Hopefully I didn't butcher the message).

35 posted on 07/26/2011 8:16:56 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: reaganaut1; mickie; oswegodeee; flaglady47
I was able to bring up a copy of my immigrant grandparents' original papers they had to fill out to board the ship from Southampton to Ellis Island at the turn of the century.

Grandpa had to have a certain amount of cash in his pocket and the promise of a job and a place to live in the States. He also had to have a sponsor guaranteeing same. He and Grandma had to be in good health with no communicable diseases. If all this was not in order, he and Grandma couldn't get on the ship for the New World.

Today, immigrants, legal or illegal, don't have to have any cash-in-fist, don't have to have a place to live and don't have to have the certainty of a job. They can have TB, AIDS or other communicable diseases and no one checks.

For this lack of any residence, job or health qualifications, they are rewarded very handsomely with our tax dollars....subsidized housing, food stamps, free medical care, free education.....and a job swiped from an American.

Progress...this is what it's all about, a century of American progress.

Yeah!

Leni

36 posted on 07/26/2011 8:17:04 AM PDT by MinuteGal (We need ObamaCare Like Nancy Pelosi Needs a Halloween Mask)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sacajaweau; All

I really don’t believe this
///
repectfully, i do.
for several reasons, most of which are the liberals fault.

there are many hard working black Americans.
and they have been hurt most by Obama’s policies.
and, the HUGE increase in minimum wage, ironically,
most hurt minorities.
so, many working minorities, are now completely out of work.
which increases the “disparity”.

Also, the EITC encourages many people to NOT earn more.
if that $6-9,000 was added to the “income” figures
(since it is “free” money they did NOT earn...)
it would further reduce the “disparity”.
plus i believe food stamps, and other benefits are not included.
...the points above about Asians, are interesting.
Just as with the “Achievement gap” in schools.


37 posted on 07/26/2011 8:18:26 AM PDT by Elendur (the hope and change i need: Sarah / Colonel West in 2012)
[ Post Reply | Private Reply | To 4 | View Replies]

To: reaganaut1

Don’t worry, to “correct” this, our government is dumbing down our public schools so our kids will not have an advantage over the illegal immigrants. There is still a gap now because they haven’t figured out how to stop the wealthy, which are predominantly white, from sending their kids to private school, or home schooling.


38 posted on 07/26/2011 8:20:46 AM PDT by Boiling point (Cain / Palin 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Ha ha. The WSJ can’t read a balance sheet.

OK, so a bunch of financially un-qualified minorities were pushed into houses with no down payment liar loans. The housing bubble hits and they receive a massive influx of funny money from bubble prices. Call this “fake net worth”.

The bubble collapses, wiping out their “fake net worth” or better yet, they suck out all their “fake net worth” using their homes as ATMs.

Presto! Minorities look like they lost all manner of wealth in the housing collapse when in fact the wealth was never real to begin with.

I so hate the MSM with their PC lies.


39 posted on 07/26/2011 8:21:32 AM PDT by Freedom_Is_Not_Free (SP12: They called Reagan "unelectable", too.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Hmmmm... maybe they need to start “acting white”. Bums are responsible for their own misfortune.


40 posted on 07/26/2011 8:42:59 AM PDT by Kenton (No hope, loose change - Buck Ofama)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-48 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson