Why a Typical White Household Has 16 Times the Wealth of a Black One

Laura Shin, Forbes, March 26, 2015

{snip}

The typical black household now has just 6% of the wealth of the typical white household; the typical Latino household has just 8%, according to a recent study called The Racial Wealth Gap: Why Policy Matters, by Demos, a public policy organization promoting democracy and equality, and the Institute on Assets and Social Policy.

In absolute terms, the median white household had $111,146 in wealth holdings in 2011, compared to $7,113 for the median black household and $8,348 for the median Latino household. (All figures come from the U.S. Census Bureau Survey of Income and Program Participation.)

{snip}

Homeownership

For most U.S. families, a home usually comprises the largest portion of their assets.

{snip}

But disparities in homeownership fall along racial and ethnic lines. Seventy-three percent of whites own a home, compared to 47% of Latinos and 45% of blacks.

The median white homeowner’s house is worth $85,800 compared to $50,000 for black homeowners and $48,000 for Latino homeowners.

Much of that disparity comes from the gap in the home values in white neighborhoods versus the neighborhoods where people of color live. The roots of the gulf stem at least as far back as the 1934 National Housing Act, which redlined black neighborhoods, marking them as credit risks. Though redlining was outlawed in the ’60s, the effect persists today in the form of neighborhoods, consisting mostly of people of color, that have high poverty rates, low home values and declining infrastructure.

Discriminatory lending also exists today: Mortgages obtained by households of color tend to have higher interest rates. Even as recently as 2012, Wells Fargo admitted it had steered black and Latino households into subprime mortgages but had offered white borrowers with similar credit profiles prime mortgages.

Education

A college education is all but required to flourish in the labor market, establish financial stability and build wealth. But the gap in college attainment by whites versus blacks and Latinos has widened over the last decade. In 2011, 34% of whites completed a four-year college degree, whereas just 20% of blacks and 13% of Hispanics did.

{snip}

Labor Markets

Labor markets can provide economic security through earned income, employer-provided health coverage, paid leave and workplace retirement plans. But inequality in the labor market is responsible for 20% of the growth in the racial wealth gap in the last 25 years, and unemployment another 9%.

Disparate outcomes in the labor market can come from employment discrimination, geographic barriers to jobs and differing levels of social capital.

The typical white family earns $50,400, while the typical black family earns $32,038, and the typical Latino family, $36,840.

{snip}

Additionally, black and Latino families earn a lower return on their incomes, meaning they are less able to turn each additional dollar of income into wealth. A white family will typically see a return of $19.51 for each dollar earned, while a black family will see only $4.80 in return and Latino families $3.63.

Causes include the fact that blacks and Latinos are less likely to have jobs that include employer-sponsored health care, a retirement plan or paid time off. The net result is that families of color spend more of their savings on dealing with life’s emergencies such as out-of-pocket health care. Or, they have fewer wealth-building vehicles, such as tax-advantaged accounts, available to them.

{snip}

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  • So, anti-literacy laws (all gone by 1865), school segregation (declared unconstitutional in 1954) and redlining (prohibited by the ’60s civil rights laws) are all to blame for white black wealth gaps in 2015.

    Good to know.

  • Easyrhino

    How odd that the article doesn’t mention the:

    Average wealth
    Household income
    Racial wealth gap

    Of Asian or Jewish Americans.

    Anyone care to fathom a guess?

    • Susannah

      Also the black passion for bling and other garbage that eats up disposable income.

      • Cheri Rodriguez

        Give the average black $100,000 in cash and they’ll be broke within a year.

        • Jessica Lee

          More like a month.

          • connorhus

            prolly closer than my 6 month estimate.

        • TheCogitator

          My father always used to say if all the money were split up evenly those who had it would get it back, and those who didn’t would be broke again in a year of so.

          • If you have two people, a white person of high IQ with $2 million of liquid assets, and a black person of low IQ with $0 of liquid assets, and Elizabeth Warren comes along to spread the wealth, she’ll take $1 million from the former and give it to the latter. Within two years, max, the former will have made his million back somehow and the latter will have spent his million and be back down to nothing.

            “Poor people have poor ways” was an axiom I heard a lot growing up but it took me quite some time really to get what it means.

          • Samuel Hathaway

            Jesus did say we would always have the poor with us…. I might add, they are a pain in the @$$.

          • Alexandra1973

            From where I sit, there are poor people, then there are mooches.

          • Earl P. Holt III

            Liz would take the full $2 Million, and give it to the nigros. (Not a dime of HER Millions, however…)

        • SentryattheGate

          The black comedian Chris Rick had a routine about that.

        • connorhus

          More like 6 months.

        • Alucard_the_last

          They’ll spend 50% on shopping and drugs and 50% at the track and then blame whites for going through their money in less than a month. The LAST thing they’ll do is move to Africa and buy up land and bring their savage friends and relatives to Africa.

        • Bossman

          They will suddenly discover hundreds of poor relatives that they didn’t know they had. Some of these poor relatives might even try to rob them.

          • Earl P. Holt III

            …and kill dem fo dey Benjamins…

        • Samuel Hathaway

          I have a black woman acquaintance always talking about winning the lottery, always winning the lottery, the lottery, the lottery… she says it’s God’s will for her to win the lottery. Tired of the subject matter, I flat out told her it is not God’s will for you to win the lottery. God doesn’t answer selfish prayers to give you an idol, which is what you are pursuing.

          • SlizzardAjeosshi

            That’s an interesting story, i guess we all remember a few months ago the essay about black defendants written by the anonymous public attorney. If i remember correctly he mentioned how often his clients strategy is centered only on “riding with the Lord”, basically asking God for a personal favor to get out of trouble.

            That’s what religion is for them, not a spiritual search for knowledge but simply a crude kind of idolatry under the guise of a 2 years old temper tantrum

          • Earl P. Holt III

            A+

          • I saw plenty of that in prison, as if public grovelling and genuflecting and yelling “Pray de Lo’d” (only when everyone else was trying to sleep) would somehow keep them out of trouble after release.

          • Earl P. Holt III

            The Lottery is a tax paid by really stupid people who cannot understand the concept of random numbers or the Laws of Probability…

          • One of my high school friends quipped that the lottery is a special tax for people who are bad at math.

            I always enter the Wal Mart and Home Depot customer survey sweepstakes online, but doing that is at least free. No, I don’t think it is “God’s Will” for me to win a $5000 Home Depot gift card, but new kitchen cabinetry and counter tops would be quite nice.

          • Earl P. Holt III

            When I bought a Four-Family in south St. Louis, one of my first tasks was to tear-down its old, crumbling brick garage. I hired a black Viet Nam vet from next door — with four kids by his baby-momma — to help me. He was a great guy and devoted to his family, but every dollar I paid him went to buy Lottery tickets.

            He would tell me each morning: “Earl, I got it; I know exactly what they want; I got four (or three) of the numbers; I got it figured out.”

            I tried to explain the concept of random numbers to him, and although he was brighter than most, he could NOT comprehend the concept. His “baby-momma” eventually kicked him out, and he went to live with his brother in north St. Louis, tearing-up the family. I think she got tired of him squandering an income that could have been put to better use supporting his kids. Very sad…

          • Hell_Is_Like_Newark

            I did (way back around 1991 or 1992) win a TV from Sears for applying for a Sears credit card and filling out a survey. It was a mighty fine win for a broke college student. Got turned down for the credit card though….

            Occasionally I buy a lottery ticket for the wife when she if feeling overwhelmed at work. For some reason, it makes her feel better. I do remind her though that she has a better chance of getting hit by lightening than winning.

          • Tarczan

            You’d be approved today.

          • Hell_Is_Like_Newark

            Yeah.. back then I didn’t have bad credit.. I had ‘no credit’. I finally ended up with a Citibank student card with a $400 limit. I used it every chance I got to build up a credit history. That credit history came in handy when I started investing in real estate in 1997.

            When the real estate thing happened, I upgraded to a Citibank frequent flyer mile card (Oneworld). Renovating buildings and paying for it with the card earned me enough miles to go anywhere I wanted in the world (business or first class). I planned to travel to all sorts of places (skiing in Chile, trips to Ireland, New Zealand, etc.) . Problem was, I liked this one girl I met in Thailand so much I just kept going back and visiting her (using the miles of course), instead of going anywhere else.

            Been married to her for over 10 years.

          • Earl P. Holt III

            I think what the Lottery is actually selling people are the dreams they can fantasize about if they were to win, which evaporate once the numbers are drawn…

          • Alexandra1973

            Not to mention the concept of “I just want to pay for my gas and you’re holding up the line.”

          • Mr. L

            You’re mean, that’s like telling a child there’s no Santa Clause, blacks have a hard time with facts and logic.

          • Earl P. Holt III

            …and reason and evidence, and criminal laws, and moral laws, and traffic laws, and the concept of maintenance, and the concept of “mine and thine,” and hygiene, and icky numbers, and grammar and syntax, and spelling, and manners, and courtesy, and legitimate births, and character and patriotism, and loyalty, and etc., etc., etc., etc…

          • Jason Lewis

            She has absolutely zero idea of the odds in winning. Of course if you told her to put $200.00 a month into a Roth IRA and she’ll retire comfortable she’d say you’re nuts.

          • And this will be the same moron who will be happy over her big giant tax refund check. Moron gave the government an interest free loan for a year. It’s why I try to goose my withholding such that I slightly owe during tax season. I’d feel like a schmuck if I got anything close to a big refund.

          • In that, you find three elements of HBD:

            1. Blacks want the quick instant easy no work no patience no time investment payday.

            2. To restate what has already been stated in response to you, lotteries are a tax on people who can’t understand probability and statistics. And when you’re thinking about a group of people who can’t grasp a scientific abstraction, bet on black.

            3. Blacks don’t get spirituality. They think God exists to fulfill their immediate desires, wishes and needs either right now or in very short order. OT, but they also think that God exists to exempt them from accountability for their actions in this world (“Only God can judge me.”)

        • superlloyd

          [email protected]££@r rich. Or, even more appropriately – A fool and his money are soon parted. It all reduces to the Bell curve inevitably after the cultural or racism excuses are blown away.

        • Earl P. Holt III

          Growing up, I always heard that phenomenon referred to as “n***er-rich”…

        • LexiconD1

          If I were given that, I’d be broke within six months too. But, I’d have something to show for it….rental properties. Which generate MORE wealth back to me.

      • cherrie greenbaum123

        Their argument there is that blacks are “insecure” with their new found wealth and find it necessary to put it on display to the rest of society. Hence the Gucci bags, grills, pimp rims, tats, etc. Not saying I go along with this, but this is exactly how they think.

        • Precisely. Black “intellectuals” have openly stated (or claimed) that if ordinary street blacks got reparations checks, the PTSD-style trauma from having slavery flashbacks would be so bad that they’d involuntarily and reflexively go out and waste the reparations checks on bling and tacky consumption. Therefore, black intellectuals (“–“) want reparations checks to go to black intellectuals, for grift nation-building.

          • Earl P. Holt III

            They would spend the money on WHACK, SMACK, CRACK, WEED, HOOKERS, GAMBLING, and EXPENSIVE RIMS: It’s what they do…

          • Alexandra1973

            I recall reading an article back in 2005, after Katrina flushed New Orleans and the Gulf Coast, about a black “refugee” in New York City. He was demanding more money because he’d wasted what he had on “hookers and blow.”

          • Earl P. Holt III

            Stop! You’re killing me…

          • There was an obese water buffalo cow whom FEMA had put up in a hotel north of town here, who ordered pizza nearly every day. During these deliveries, I could see she had a kitchenette, but she wasn’t interested in doing any cooking for herself.

            No, she never tipped us delivery drivers.

          • Jason Lewis

            We had them come here to San Antonio. They opened an abandoned mall and put cots out for people. I kid you not, they got their money, went shopping and brought back flat screen tv’sand stereos to put next to their cots.

          • carriewhite64

            Wow, excusing the “victims” before they are even victimized! What a racket.

        • That was the argument used in that book, The Nature of Prejudice. It was written back in the 1950’s. I can’t believe now how I once swallowed that garbage! Yes, I am embarrassed to admit that.

        • I once worked with a subcontinental Indian who after being hired proceeded to spend every cent he made on clothes, new furniture and a leased car. He later pitched an iridescent fit when I bought a townhouse in 1996, while he was still renting and up to his eyeballs in debt. It’s not just blacks who “gots ta be haben dat bling”.

          I drove an old car and used old furniture. Kitchen appliances were some old ones my mother had given me, and my vacuum cleaner was a 1968-vintage Hoover. My kitchen table and chairs was a set my parents received as a wedding present in 1962. The difference between us was like night and day.

          I also had a second income, as I was good at getting hard-to-find accessories for old military firearms, which I resold at gun shows. I did at least one weekend show each month, while he watched TV.

          • Raymond Kidwell

            I think hispanics and asians beat whites in this department. They tend to live together with many people in one house. This sometimes can mean unsanitary conditions but a four bedroom 2,000 square foot house does not cost twice as much as a two bedroom 1,000 sq foot house, so economies of scale are at work. So they often find ways to live cheaper than white people. I don’t see them waste money any more than a normal white person either in regards to bling or anything like that. Asians usually just retire with a lot of money and probably driving a mercedes by then, hispanics usually use the money to raise a large family or retire early.

            Black people on the other hand, usually not good with money.

          • SlizzardAjeosshi

            People indeed go broke in India spending money like crazy on their wedding and on tacky gold jewellery.

            The country was facing a serious trade balance crisis because of all the gold imports a couple of years ago

          • IIRC, India is the largest per-capita consumer of gold in the world. There’s no direct payoff to gold; it’s useful only as a hedge against hyperinflation

          • SlizzardAjeosshi

            Lol I guess we’re gonna have to change the expression ni&&er rich into brahmin rich

        • Samuel Hathaway

          This jerk mulatto at our office drives up into the parking lot on Saturday mornings in his cherry-red corvette… with the top down. You should see his e-mails, the horrendous grammar and misspelled words that even a fifth-grader wouldn’t misspell. Oh well, you can’t make an African, or in his case, a half-African, into something white.

          • Earl P. Holt III

            Practitioners of and defenders of “Affirmative-Action” should have to answer with their lives, and every cent they have…

        • Samuel Hathaway

          Don’t forget to throw in those plasma, LCD televisions, 55″ and over, almost covering the entire wall… good gawdy. As for myself, still got a 27″ old-fashioned tube Sharp TV and a 32″ Sony… both work fine, great picture and no reason to get rid of them.

          • cherrie greenbaum123

            I was happy with our similar vintage TV but hubby axed for a flat screen for Christmas, so I relented. Hardly watch the garbage anymore, save some ball games. Even then….

        • Earl P. Holt III

          Endless excuses, always some lame rationale…

        • carriewhite64

          Yes, also the argument goes that poor people see no way out of their poverty, thus fail to take long-term financial steps that actually would help them in the future. Instead they give in to consumer-driven, materialistic, acquisitive marketing and buy bling. Translation: poor impulse control, poor future time orientation, feelings of helplessness and victimization by society, refusal to take personal responsibility, projection of blame on “society.” (I would add bad taste to the list, but I am too tactful and it’s not really relevant.)

      • Charles Martel

        Don’t forget payday loans for that

      • Irish

        Yeah, that just goes back to I.Q. again..Chris Rock does a hilarious bit on that…Bling, Bling!

      • Earl P. Holt III

        Saw a “30 – 30” story on ESPN last week about professional athletes who have declared bankruptcy, all but one of whom were nigros.

        One NBA player bought a Ferrari, which remained un-driven in his garage because he couldn’t drive a manual transmission. (You can’t make this stuff up…!)

        • Couldn’t he have also purchased a cheap, used Toyota Corolla and asked someone to teach him to drive a stick shift in the “beater” car? I suppose asking for help isn’t “macho” enough for an “afawete” with a third-grade intellect.

          I learned on a manual transmission; that’s all either of my parents had, and as a college undergrad I taught quite a few of my friends on my old Honda CIVIC station wagon. I received things like free haircuts in return. Of course, those other students were white or Chinese.

          • Earl P. Holt III

            “Man, us brothas don’ be doin no STYLIN in no Toyotas…”

          • He could have course gotten rid of it once he was done.

          • Earl P. Holt III

            “You crackas cain’t tell ussens nuffins…”

          • Earl P. Holt III

            “Man, dat would sho nuff involve a awful lot of thinkin wit dat noggin-of-de-brane dat he bees habbin…”

        • phorning

          I watched that one when it originally aired. There was an NFL player who said after suffering a career ending knee injury, he took the injury settlement he received from the team and spent all of it on a Hummer. He had already blown through the rest of his earnings and knew he was never going to achieve this income level again, but just couldn’t resist.

          • Earl P. Holt III

            I recall that. Thems is sho nuff SOME kinda brane-docters…

    • cherrie greenbaum123

      Their argument would be, “Well, that’s not the dominant culture, White Europeans are.” It’s the perverted way they think. Up is down and down is up. The only way to know the truth is to take the exact opposite of whatever they say and that pretty much is close(r) to the truth.

      • Jason Lewis

        Tim Wise and Noel Ignatiev said white people have no culture. I was very upset with myself for thinking we did.

    • JackKrak

      It’s not in the script.

      • Raymond Kidwell

        Exactly you have to realize truth is not the issue here rather it’s all a script to promote an agenda.

    • Bossman

      Blacks should learn some lessons from Jews and Asians. Jews come from a culture of learning and helping each other out. East Asians make great sacrifice to acquire skills so that they will not be humiliated by whites.

      • evilsandmich

        It’d be refreshing if blacks something from anyone. As the article points out, even Hispanics are better off than them (and better than the stats I would think since so many immigrant communities keep so much in cash).

        • Vietnamese boat people who arrived in the USA after 1975 with nothing but the clothes on their backs and no ability to speak English are now better off than blacks.

          • SlizzardAjeosshi

            I’m not familiar with the genetics of the Viets (i assume it’s pretty diverse over there though considering how many ethnic and linguistic groups they have) but i wouldn’t be surprised if they were heavily Han.

            Vietnam, at least the real Viets not the Hmong trash, is the only South east Asian country resembling the North East in their work ethic and their attitude toward education.

            Ever other country in the area is basically one giant filthy joke: occasionally it may put a laugh on your face, more often than not it leaves you uneasy

          • My understanding is that the Viets were originally invaders from southern China who forced the earlier Hmong out of the coastal plains and into the hills.

          • SlizzardAjeosshi

            Right, makes sense indeed

          • Earl P. Holt III

            That’s EXACTLY why the nigros hate them: Because the Asians make them look so bad, and put the lie to claims that there is “systemic” racial discrimination in America…

          • Jason Lewis

            Because Asian people enjoy white privlege.

          • Lynn Munoz

            I remember those times, especially that there were cadets at West Point (or was it the Naval Academy?) who came here as boat people. That was the beginning of my awakening from being a liberal, that all this stuff about “America is racist” was a pile of poop.

      • Yeah, right. So, when, in the last 6,000 years of recorded history, is that magic time ever happening? Keep the faith, if you wish. I am going for old fashioned genetics. You can judge a person, or a culture, or a race by their past behavior and performance.

        • Earl P. Holt III

          Like Jared Taylor said, “People create cultures: Cultures don’t create people…”

          • Sid Ishus

            Do pigs make pigsties or do pigsties make pigs?

          • Earl P. Holt III

            The dregs of the Third World do not create or maintain First World civilizations: Instead, they recreate the squalor and cesspools they and their ancestors created in the cultures from which they emigrated…

          • Earl P. Holt III

            I like yours better…

          • Sid Ishus

            Stole that from someone, not really sure who. I use it frequently on Lefties when it turns to nature/nurture.

      • MikeofAges

        Take a layered look at black society. People with graduate and professional degrees are doing pretty well. People with administrative and middle management skills are doing pretty well. People able to do skilled work often are doing as well as anyone else. Sometimes people have skills and aptitudes which the employment system has no process for recognizing, but that issue afflicts other people sometimes too. But, the biggest need black society has is for some millions of semiskilled, even frankly unskilled jobs for people with fragmented educations, spotty or no work records, no developed skills, criminal histories, addiction histories, alcoholism histories and so. The reason for these problems does not have to be discussed. Whatever is the reason why people have these issues, with few exceptions, they cannot do anything else except semiskilled work at best. Those with natural ability will move up to more skilled work, more responsibility and more pay. The rest will at least get paycheck. Stop dreaming and take a look at the real world and what is possible within it.

        • Charles Martel

          If affirmative action and quotas ended at least 3/4 of those doing well doing nothing would be poor.

          • meanqueen

            Ouch, but true.

          • SlizzardAjeosshi

            And these affluent middle-class “educated” blacks are very often only two steps away from reverting to their true murderous savage selves.

            I was truly shocked when i found out about the murder rate among blacks in the higher income brackets.

            Or the murder rate in relatively affluent black nations like Bahamas, Trinidad and Barbados

          • Earl P. Holt III

            Especially the functionally-illiterate Ph.D.s and teachers in the public schools of large, “urban” areas…

          • Charles Martel

            Otis Mathis the top public educator of detriot is a prime example. He had to sue his historically black college because they wouldn’t give him the degree he earned if he didn’t pass an English proficiency test that he failed 3x

          • Earl P. Holt III

            A very important administrator in the St. Louis Public Schools told me that a local university — and I’m afraid to name it — had a nigro in charge of its Graduate Education Program in the 1970s. This guy was handing out Ph.D.s for $25,000 and M.A.s for $15,000 to any nigro who could come up with the “scratch” and sign their names.

            The first thing that struck me about all those “Doctors” in the St. Louis Public Schools was that most were functionally illiterate by any WHITE standard. Of course, Ph.D.s are paid higher than those with B.A.s or M.A.s, so it was a good investment for them as individuals, and a very poor investment for the school system…

          • Charles Martel

            I saw somewhere else that I post that a gay conservative(posts as Big gay Steve) said that Harrisburg Area Community College has a gay vice president that has parties for students at his place that are not old enough to go to the bars, & that the VP trades sex for favors. I thought about contacting the college but apparently its a known thing, but you can imagine the feminist outrage is a straight white guy was doing it.

          • Nice avatar! We call them “Watermelons” here: green on the outside and red on the inside.

          • Charles Martel

            Some of the leftists actually think it means I am a commie & environmentalist

          • Earl P. Holt III

            Don’t the nigros and their communist overseers consider it racist to even mention the word “watermelon” these days…?

          • Mr. L

            In my business it’s almost a given when we hire a black its a “fog the mirror” type of job, we just look for one that doesn’t smell bad and is willing to stay at a desk for 3 hours I a row.

        • meanqueen

          You’re right, but Bossman’s point is still a good one – if blacks could learn from other cultures, they’d be better off.

          • Earl P. Holt III

            They seem biologically and psychologically unable to do so…

          • MikeofAges

            But learn what? Following the template of some other sub-society would produce more success stories, that is true. But not as many in numerous endeavors. It is very hard to believe that equal percentage representation could be achieved except by manipulating not the numbers, but the people. And not just manipulation for a day, but lifelong manipulation. The numbers of other people allowed to pursue certain careers would have to be truncated. Especially, white numbers would have to be truncated. Fundamentally, that is all blacks are interested in, their percentage representation, as it is put, in relation to whites. Never mind the fact that different ethnic groups, or even people who are ethnically the same but different in language, religion, place of residence or some other factor, never have produced quite the same percentages of anything. American blacks could produce closer to the same percentage of STEM-qualifed workers and professionals as whites only if a huge outreach effort was directed at them only, while whites were at least neglected, and more likely subject to barriers to education, training and career entry. There should be a considerable outreach efforts, and it should be open to NAMs an in some part directed at them specifically. But if it is across the board, in America the greatest increase inevitably will come from whites, not NAM’s. That was my point.

      • Charles Martel

        How would they go about learning to swap sickle cell that helps them survive malaria without whitey’s meds for abstract thought?

      • Blacks aren’t willing to learn from anyone. We have schools that they proceed to wreck. They have been in close contact with the whites this article mentions for 50 years since the dawn of the “Great Society”, and if anything they’re regressing. With free school breakfasts and lunches – even during summer vacations – the schools have been converted into glorified soup-kitchens.

        • Ludwig

          In my area, they even provide free lunches and breakfast now on the weekends. Someone recently referred to public education as government subsidized day care. Among my friends and colleagues, that’s what we’ve been saying for years.

      • Raymond Kidwell

        I just wrote something similar above about Asians and Hispanics being able to live cheaper than whites. That is another good point though Jews and Asians cooperate more. I have been looking for people to work together with on investments, starting a business, employment etc. whites seem dumbfounded by the idea of working as a team.

        Similarly when working at a job for white people they don’t seem to appreciate good help. If you do twice the work of someone else, loyally show up everyday, go the extra mile, they just pay you the minimal wage, the same as the lazy moron. Asians and Jews tend to actually appreciate superior workers. I guess its a matter of I.Q. difference although it may have some root in culture or attitude.

    • Alucard_the_last

      Indians, Asians and Jews face racism in America yet don’t whine and cry the blues and ENDLESSLY play the race card. Negroes are well known for absolute hatred of education while Jews, Asians and Indians do not.

      • Spaniard in LA

        To be fair most Asians and Indians come to the states with education or rich parents which automatically gives them an advantage.

        • meanqueen

          Many Asians have come over here with not much money at all, gather together the entire family in a small apt. to save money, and go to work right away. At the first opportunity, they buy a business and make it go. You may be right about Indians – I don’t know for sure.

          • Jason Lewis

            Delayed gratification. One group is horrible at practicing it.

          • Illidan Stormragge

            Many do and many do not. Terminal masters and PhD programs in the US are filled with Asian internationals with rich parents abroad. Also Asians have the advantage of starting up shop in either the financial hub, NYC, or around Silicon Valley. This greatly can boost their income potential. Whites meanwhile are scattered everywhere in the US.

    • Charles Martel

      Bath house Barry gave a speech saying that the CFPB needs to ban payday lending around blacks because they are too stupid to not take out 500%+ APR interest loans and suggested sharia compliant banking. I agree with him I had a black co worker that was stupid enough to take out more than he got the next pay day and got late fees added to it because he didn’t realize he would not have overtime with taking vacation.

      • thomasdosborneii

        Like every free market business that is successful, PayDay Lending provides a very useful service; in their case, it is offering emergency loans for a segment of society that would have no other way of borrowing money. But they’re constantly being complained against due to the ignorance of some of their customers. Believe me, this segment of society would be even worse off if they didn’t have the safety net of a place like PayDay…it is too bad that they abuse it.

        • Charles Martel

          They are not smart enough to not take out the entire paycheck leaving them with nothing later on.

    • IBWHITE

      “Causes include the fact that blacks and Latinos are less likely to have jobs that include employer-sponsored health care, a retirement plan or paid time off.”
      I recall reading where Blacks were overrepresented in state, county and federal employment, all of which offer generous health care, time off and retirement plan benefits. You can’t believe hardly anything these so-called news organizations write anymore.

    • baythoven

      A good point that’s even more significant when one notes that the author of this is Laura Shin.

  • TomIron361

    I’d say, in a hundred years, blacks and hispanics may improve themselves 16 times, but Whites will have improved themselves at least by the same measure. So, that “gap” will still be there.

    • Susannah

      Yes, although there is the concerted effort by the elite to hold Whites back (non-elite Whites anyway) in the effort to uplift minorities. We’ll have to see if that changes course anytime soon.

      • MikeofAges

        This is absolutely correct, Susannah. Look at the current uplift of interest in STEM education. Almost all of it focused on women and NAMs. Women, that means white and East Asian women, have proven themselves capable of succeeding in STEM fields. NAMs can do better than they have. But white men and white male youth seems almost disregarded. Between whites, black Hispanics, the goal seems to be to hold the white level where it is so that other can catch up (hear the execrable accent in your mind’s ear) in percentage representation. If we had effective STem outreach and gave everyone equal access to it, NAM rates of STEM qualification might increase greatly. But so would white rates, especially white male rates along with the white female rates. Can’t have that, can we?

        • Charles Martel

          If IQ is genetic they can never catch up. The Wright bros built the worlds first wind tunnel without college degrees, no one else has that creative power since Asian emperors killed those that questioned the narrative.

          • MikeofAges

            I said as much. People sure as hell can do better. When people are forced to live without employment and a semblance of a normal family life, it is going to damage the educability of the youth and young adults. But in the world as we know it, the only way you can even attempt to equalize the results between NAM’s and whites is to truncate the performance of the white group. If a program was broadly based, if you successfully tripled the number of NAM’s with STEM training and doubled the number of whites with the same, that wouldn’t make a dent in the level of representation in the workforce.

            The reality of the situation is that what liberals and the left want to do is a parody of any reasonable program of social triage. Those for whom outreach would make a significant difference are ignored while the resource are to be poured into those who either are doomed anyway or for whom outreach will make no difference in the outcome.

          • The Wright brothers were a pair of bicycle builders from Ohio; just two (white) mechanics.

    • cherrie greenbaum123

      Nah, that would imply racial differences. We can’t be havin’ any of that type of discourse!

    • Alucard_the_last

      ..because of hard work in government programs.

  • DaveMed

    Hey, Ms. Shin: What about the Asians?

    I love articles like this one. The tactics are just so obvious. Sharing.

    • SlizzardAjeosshi

      Well when it comes to Asians in Asia i can tell you there’s a huge generational crack in their saving&investing attitudes.

      The older generations basically lived like beasts of burden and often managed, penny after penny, to pile up a significant stack of wealth.

      The younger generations are basically clueless morons, drowning in credit card debt. The funny thing is they generally make incomes several standard deviation higher than their parents.

      This is true for Hong Kong, Singapore, Korea and even Japan and urbanized China

    • Jason Lewis

      Asian success is the biggest thorn in the side of the white privlege folks.

      • Charles Martel

        I have a t-shirt that says “White Privilege is Evolution that’s why Asians have it also” it really grinds the leftists but a lot of people like it. I wore it out to amusement parks over the summer

        • thomasdosborneii

          That’s a great t-shirt! Be careful what amusement parks you wear it in, though!

          • Charles Martel

            Actually I am going to get one with that on both sides for next summer. There is nothing to fear. Even though I post on this site, even I was not aware of how bad black illiteracy is until I walked around them with it on. I walked past hundreds of blacks over the summer and only 2 older blacks where smart enough to be able to read it. So much for the so called talented tenth.

          • Jason Lewis

            Reading isnt a problem but they probably couldnt comprehend it. They probably thought you were a left winger bashing your own people.

          • Charles Martel

            Well I also went to a Trayvon Skittles rally with a big black and white sign printed up at staples, stood behind the podium for so long my arms got tired by the time a reporter pointed me out. It said “If not for a security camera I would be a white George Zimmerman when I was attacked by 5 black guys after using an ATM”

  • Chip Carver

    The typical black household is a non-married, non-working female with several children from different fathers. Mom and the children all live off Whitey via Welfare, WIC, Section 8, Housing Vouchers, EBT, you name it. This is just a fraction of the reasons that black “households” are so far behind Whites when it comes to wealth. And keep in mind, the average hispanic household – almost 60% of them – now receives some kind “social assistance” and the percentages are growing, as is the unemployment rate amongst each new generation of gangbangers and leaf-blower operators. This is by design, in order to take the “Weath” of Whites and run us into the ground.

    • SentryattheGate

      This big gap in achievement shows up as early as Kindergarten, and no matter how much is spent to get blacks and Hispanics to perform better, it doesn’t work! Maybe 10 times as much money is spent on lower-performing students than on the higher-performing ones! So it is no surprise that there is a big gap later on, in adulthood! It is Communism to say that everyone should end up on the same level, and that is what Leftists and race-baiters insist!

      • carriewhite64

        One of the biggest and most shameful trends in education is the vast amounts of dollars spent on low-performing or otherwise “learning disabled” public school students and the consequent ignoring of the needs of gifted, high performing, or even average students. I have seen this first-hand for years. The prevailing theory is that the smart kids will get what they need without any help.

        • SentryattheGate

          I too have seen this! My kids’ school had a minimum IQ requirement of 135 for enrichment classes, but ended up with no racial diversity, so they kept lowering the IQ number, to an unknown number, to achieve blessed diversity! My kids remained unchallenged and bored! And the enrichment classes received very little funding. This is suicidal for a society! Meanwhile China is selecting for higher IQ via gene research!

    • cherrie greenbaum123

      Ya just had ta go ahead and say it, din ya? 😀

    • Charles Martel

      Do you know why the black community is so against gay marriage? No one wants to see 2 deadbeat dads in one family. Leftists cringe when they hear that.

    • Earl P. Holt III

      “Ussens bees gooder in skool, two…!”

  • MekongDelta69

    IQIQIQ

    BTW, Demos is a far-left org.

  • JohnEngelman

    In their book “The 10,000 Year Explosion: How Civilization Accelerated Human Evolution” University of Utah professors Gregory Cochran and Henry Harpending point out that agriculture and civilization require different inclinations than hunting and gathering. Those with these inclinations are more likely to have descendants, so populations that have practiced agriculture and civilization the longest are characterized by these inclinations.

    Farmers need to defer gratification. No matter how hungry they get they cannot eat grain for the next harvest. They cannot butcher all of their farm animals.

    Paleolithic hunters rarely preserved the results of a hunt. What they did not eat rotted.

    Whites began agriculture about 11,000 years ago, and civilization about 5,000 years ago. The ancestors of American Negroes began agriculture about 4,000 years ago. Large numbers of them only began to live in cities during the last century.

    When blacks and whites earn the same amount of money whites are more likely to save some of it. Blacks are more likely to go into debt. Non cosmetic differences between blacks and whites can be explained by the differing number of generations that separate each race from a Paleolithic existence.

    • SlizzardAjeosshi

      I think professors Cochran and Harpending have a great point when they point out the discovery of seasonal changes by early homo sapiens sapiens as one of the greatest dna shaping events of our biological history

    • stonepillow

      You’re right! But Lord Kames said all this (his book is still in print incidentally) two hundred years ago and it still hasn’t sunk in. And won’t ever I venture.

    • Charles Martel

      With welfare there is no force for evolution just dysgenics

  • disqus_Xz3UA6obwj

    If blacks want better home values then stop preying on people and stealing everything that is not nailed down so your neighborhoods are not so undesirable. If you want to have more wealth, save some money instead of blowing it on bling, cigarettes, booze and lottery tickets. Poverty is the lifestyle choice of those who live in it.

  • stonepillow

    This is such nonsense. The Federal Reserve Bank Of Boston did an exhaustive study and concluded red-lining doesn’t happen. And the startling revelation that home in Black neighborhoods are worth less than in White, who’d have thunk it? A more interesting and valuable comparison in wealth would be between Blacks on welfare and those who are not.

    • You’re right. It doesn’t happen now, and hasn’t happened in 50 years. But, it did happen at least once a long time ago. There was once at least one Klan lynching of a black. Therefore, all black social dysfunction between now and the end of time has an explanation.

    • LHathaway

      This can’t be true. Every city in the nation has been carved up into ‘enterprise zones’ featuring tax breaks (and often out and out grants) for renovation and also with tax incentives for companies hiring those that reside within these zones. This has been a normal occurrence going on 40 years or more now. Guess how city engineer decide to draw the lines enclosing enterprise and similar zones?

      • stonepillow

        That’s not what red-lining is. Red-Lining is the (theoretical) discrimination among lenders based on race. I might also point out that 20 yeas ago nobody ever heard of “Enterprise Zones”, that real ones are today not all that common and that city engineers don’t divide up cities in the manner you suggest, politicians do that. Otherwise yours is one of the more insightful comments of the day.

        • LHathaway

          Actually, what I’m referring to, ‘enterprise zones’ or whatever they may be called now existed in most mid-sized cities over 30 years ago. I’m not sure what politician or administration started them but George Bush sr promoted them as his way of running ‘affirmative action’. I believe they have existed along side of affirmative action and regardless of who is in office. I’m not sure there is a large sized city anywhere in the country that has a republican mayor.

  • Albert Einstein probably didn’t say it, but it doesn’t mean it’s not true:

    Compound interest is the most powerful force in the universe.

    • evilsandmich

      Not in the age of NIRP/ZIRP, now elderly white savers are wiped out so that D’javious can bling-up.

    • Earl P. Holt III

      Milton Friedman called it “…the miracle of compound interest…”

      • And I have found that the ability to understand it is the modern Mendoza Line between really having something in life and living day to day hand to mouth ekeing out an existence. Not perfectly, but generally.

        That’s the keystone to understanding articles like these, which aren’t in the mood to give us any idea about the truth.

  • Red

    “The roots of the gulf stem at least as far back as the 1934 National Housing Act, which redlined black neighborhoods, marking them as credit risks.”.

    I guess they don’t teach Risk Management/Avoidance in Journalism School.

    “Causes include the fact that blacks and Latinos are less likely to have jobs that include employer-sponsored health care, a retirement plan or paid time off.”

    Ms. Shin, please grab a copy of The Bell Curve. You’d never have to write another one of these articles again, and you’d be free to do some real investigative journalism.

  • Speedy Steve

    But disparities in homeownership fall along racial and ethnic lines.
    Seventy-three percent of whites own a home, compared to 47% of Latinos
    and 45% of blacks.

    Yeay yeah yeah. They used financial chicanery in 2006 to even up that score but it almost bankrupted the entire world by 2008; selling phoney mortgages — which had rolled up tawny credit card debt into the mortgage payment plans. But the minorities being helped kept on squandering their incomes on Air Jordans and KFC and sure enough lost the houses within 3 years.

    • They also weren’t disciplined enough to come up with 20% down-payments before buying homes, and neither were they sophisticated enough to avoid goofball mortgages like “interest-only” and “variable rate” plans. Without 20% down, one is paying higher interest, which is at least tax-deductible, but also mortgage insurance, which is simply money down the toilet and not deductible at all.

      • Speedy Steve

        The banks realized that a congress willing to rake baseball players over the coals for steroids would relish the idea of grilling banks on charges of racism. The banks were forced to come up with crackpot, risky lending schemes.

  • Bon, From the Land of Babble

    Low IQ combined with present, not future orientation, poor impulse control and a government that tells them their failures are never their fault — leads to bad and/or stupid choices – like sinking money into such things as tats, grillz, gold jewelry and $300 athletic shoes made for $1.50 in Korea.

    As Larry Elder says: “Blacks wear their wealth.”

    Employers tend to like employees who work hard, show up for work – on time, don’t whine or complain and turn a profit for the employer. They also don’t like it when blacks burn down their businesses. They tend to re-locate themselves as far away as possible from the black community.

    For the unitiated and/or hopelessly naeive:

    “Race and Psychopathic Personality”

    http //www amren com/news/2008/08/race_and_psycho/

  • connorhus

    It can be summed up easily. White Europeans have a much greater future time awareness than other races. It was a survival trait to make it through long Winters and manifest itself in today’s money economy as saving and acquiring wealth for the future instead of instant gratification.

    • 李冠毅

      If that’s the case, then Amerindians and Northeast Asians should have similar future time awareness. The traditional environment of these two races are comparable to that of White Europeans, with changing seasons and long, harsh winters.

      • connorhus

        In many ways they do. There are other cultural issues that keep Amerinds especially from acquiring household wealth but many of them have overcome those traits and amassed huge fortunes and property holdings. Northern Asians, especially the Japanese have shown the ability to acquire wealth as easily as Europeans too. They tend to be more prone to a class system than Europeans though which holds large chunks of the population down.

      • Amerinds who leave the reservations do substantially better than those who stay. There are more employment opportunities on the outside, though Mexican illegals have made serious inroads into seasonal work such as construction. The “straight” ones on the res tend to become tribal policemen, forest service rangers and the like. There’s also a fair bit of decent-paying work in mineral extraction in some areas, and the Navajo in particular do a brisk business selling woven wool blankets to tourists and collectors.

        Unfortunately, the purebloods tend to get drunk – and stay that way – when they’re unemployed (many whites do as well, which makes them even less employable). Back east, there are far fewer purebloods. The natives there were farmers before European settlers started arriving, which made them more compatible, and white-Amerind miscegnation has also been occurring there for more than twice as long as out west.

  • Groovy

    This sounds like it is right out of “The Bell Curve”

  • Here is what a propagandist looks like. It’s very disappointing that such mindless drivel came from the pen of the “model minority.” The habits of Miss Shin are quite different from the habits of blacks and Mexicans. I suggest Forbes send her to San Antonio and I’ll show her the habits of Mexiturds, while Forbes also sends her to St. Louis where Question Diversity can show her the habits of the Negro. Two trips out on the streets where the action is and Miss Shin might join Amren.

    • SlizzardAjeosshi

      North East Asian women are indulging in their own garden variety of feminism, albeit with less intensity than Western women. Of course the whole thing comes with the usual negro worshipping garbage and the standard set of self-destructive behaviors in order to basically piss off mom and dad

      • evilsandmich

        “What do I have to do for a government gravy job? Lie? Phuff, I so got this, silly white people.”

    • One must wonder what Shin’s education and professional experience amount to, so as to qualify her to write for Forbes. Our answer lays in her Forbes articles last year (May 15 and August 10, 2014), wherein she concerned herself over fast-food workers’ wages, apparently not realizing that a doubled minimum wage would inflate prices throughout the economy, leaving unskilled workers precisely right where they had started. Fast food work used to be a convenient way for high school and college students to earn some extra money while they continued their education, as well as the occasional low-skilled individuals attending night school to learn skilled trades and ex-cons re-entering the work force. Fast food was never intended to be a career choice.

      The easy guess is that Forbes hired Shin so as to be able to check two boxes: “minority” and “woman” in order to satisfy the EEOC’s hiring requirements.

    • Illidan Stormragge

      She didn’t write the article. She reposted it.

  • connorhus

    Really this is a trap we should not allow ourselves to be pulled into. Who cares if Black households acquire less wealth? The very idea of a household in the terms of this article is not a Black cultural institution. By even entering the debate we lend credit to the socialist cause of equal outcome. Blacks will never think in terms of households or even nuclear families for that matter as their inherent norms were separate Male and Female enclaves. In fact we should tell those doing these studies and writing these articles that they are being racist for pointing it out.

  • LHathaway

    Whites pay more (they must to reduce insult or injury); it’s unfair to blacks.

  • Sid Ishus

    In a “great neighborhood” as in a White neighborhood whereby they immediately start depressing property values?

    • thomasdosborneii

      There are some good middle class black neighborhoods. (In fact, there are some good wealthy black neighborhoods, but those are probably out of reach.)

      • Sid Ishus

        You lie.

        Pattern is for Whites to invest in building a community, , Blacks to follow, Whites to move and start again, Blacks destroy first community then follow, rinse/repeat ad nauseum.

        Detroit, Chicago, Philadelphia, Baltimore, Atlanta, Memphis, Birmingham. …

        • Alexandra1973

          It’s like that movie “Independence Day.” The aliens suck up a planet’s resources, then move on to the next one.

        • thomasdosborneii

          Let me introduce you to this area as described in the article, “Know Your History: Park, Heights, Hills”, an area of Los Angeles that is surprising in that people aren’t used to seeing blacks living like this (in some cases, in spectacular mansions); not all blacks in the United States are poor and unsuccessful:

          Ladera Heights, Baldwin Hills, View Park, and Windsor Hills make up the largest, wealthiest, predominantly African-American community in the United States. For those not familiar with the area, imagine one big hill; on the west side of the hill there is Ladera Heights, on the north, Baldwin Hills, to the east, View Park, and to the south, Windsor Hills. Until racial restrictive covenants were lifted in 1948, African-Americans were unable to purchase homes in these areas, similar to Jews not being able to purchase west of LaBrea (which gave to the formation of Hancock Park, The Jewish Beverly Hills) and not until the 1980s did Park, Heights, Hills fully become the mecca for middle, upper middle, and upper class African-Americans after black entertainers and athletes began moving into the area. Ladera Heights is often the priciest of the four areas since it offers gorgeous views of the Pacific Ocean. Ladera is portioned into three sections, known as “Upper Ladera”, “Lower Ladera”, and “Old Ladera”. Upper Ladera includes all houses north of Slauson in between La Cienega Blvd. and Shenandoah Avenue, while Lower Ladera (the larger of a the two) consists of all houses south of Slauson in between Wooster and Laciena. Old Ladera is the small area just east of La Cienega and south of Slauson.

          Sid Ishus, if you like, you can use Google Maps Streetwise to tour some of these neighborhoods and you will see that they are not destroyed communities.

          The pattern you describe certainly does happen, and probably in the majority of the cases, but the comment thread began with the idea that houses could be good investments for blacks if they invest in good neighborhoods. You responded that blacks take over white neighborhoods and therefore make them into bad neighborhoods, implying that it would be impossible for blacks to make good investments in houses because the very fact of them moving into them depresses their prices.

          That probably happened with these neighborhoods, too, originally, but that occurrence would have been 20 to 30 years ago (when blacks began to move into these areas), but since then, they have been increasing in value just like good white neighborhoods. In other words, the people living there now haven’t trashed anything. If you went into those neighborhoods, you would have no idea that they were majority black until later in the day when the residents started arriving home from work, then you get a big surprise.

          And this isn’t the only area in Los Angeles that is like this. This is just the most famous one, but there are others.

  • Bossman

    Only highly educated Hindus (East Indians) get to enter the USA these days; same goes for most East Asians.

    • SlizzardAjeosshi

      MMMH NO Chinese immigration is sufficiently vast to encompass several social strata including very poor illegals from Podunk town Fujian, still after a few years they leave hispanics in the dust in terms of accomplishments

      • Bossman

        I believe that they are much more motivated to learn than so-called Hispanics.

    • MikeofAges

      Bossman, that cannot be all and entirely true. Let’s get some numbers. Current numbers. Historical numbers. Then we’ll talk. Until then, you have to be classified as a provocateur.

  • Alucard_the_last

    Anyone who could think would know that if one person majors in engineering or medicine and another majors in something stupid like black or feminist studies can tell you who is going to make the bucks. I’ve been to enough colleges to know that blacks are the worst students and drop out at an incredible rate (right after the last financial checks go out).

    • evilsandmich

      At that average wealth level, we aren’t exactly saying that whites have crazy better jobs per se, but certainly that they’re doing the best they can under a government that has it in for them.

  • Drifter745

    Reading the comments on the article over at Forbes, their readers aren’t buying this load of crap either.

    • It looks as if they expect something other than what amounts to an excuse-mongering apology piece from what purports to be a serious financial magazine.

  • “Blacks… are less likely to have jobs that involve employer-sponsored health care…”

    Don’t they all “work” for the government anymore? Health care benefits there are very generous.

  • De Doc

    All White folks together now: “Yes. Low Black American net worth is our fault.” Lather. Rinse. Repeat.

  • UUUGGGHHHH…POE-LEEZEEEE!!! Give me a fricken break! Yeah, property values are lower in black neighborhoods alright. No one, including black people, want to live there. And of course poverty is worse in black areas. If you insist on having kids you cannot support, what do you expect? So many, even supposedly middle class people struggle with the costs of raising a child. Yes, it is expensive. That is if you properly raise a child. Do blacks think of that? Heck no. They drop ’em out two at a time by the time they are even through high school. Is that the fault of Whites? Gosh, this is just so stupid. So black culture is the fault of Whites. Of course, the fact that Jews and Asians usually earn more than White gentiles, can we blame our relative poverty on them? Didn’t think so.

  • Ronald

    Let’s not be fooled. When community activist writers and commentators use political spin such as “Blacks” and “Hispanics”, what they really mean are “Blacks”. Most non-African “Hispanics” share the same European cultural heritage and work ethic as do the White people, even though it may not be readily apparent. Large numbers of people who are categorized as “Hispanics” are -in fact- Africans. As more and more White people awake to the horrid results of African integration, support for carrying “Blacks” around on their backs will decline. It can be expected that, then, the “Blacks” will more and more climb onto the backs of our non-African “Hispanic” cousins..

    • The Perpetually Indignant also like the term “people of color”; by using this they attempt to hide blacks among considerably more functional nonwhites.

  • evilsandmich

    I was thinking that he should put forward the idea that whites should burn down their own neighborhoods in order to even out the results.

  • phillyguy

    Why,, becourse a white household has a better family structure ,which the negro household has no structure ,I was out going to a store today and saw a Negro woman not more than 30 years old with six kids in tow ,she was screaming and hollering and hitting them so you know that half of them will be dead before 16 and the other half will be on welfare . that is the reason why they make less money than everyone else.

    • Fed Up

      No loss (the dead ones). I am an ex-Philly guy. I know what Philly is really like. I used to work on the U. of P. campus area. I couldn’t believe what they did to destroy those once magnificent old homes in West Philly.

      • phillyguy

        Its been changing for the better, University City now extends all the way to at least 38 Street, they cleaned up all them old big mansions ,most of them to apartments for students.

  • Christopher Perrien

    I guess this was done before Pigford when 83000+ black farms got $50k cash each for farm loan discrimination, when there were less than 2000 black “farms” in the country.

    • John Smith

      Tribe members recruited many “farmers” from “da hood” to qualify and got the money away from them, as per usual.

  • Tarczan

    Steve Forbes sold the magazine a while ago but he still has a column and it keeps it’s name, but the writing has suffered. Thirty years ago Forbes had these fantastic articles espousing free markets, capitalism, and explaining economics to laymen. I remember when they had a long story on Shumpeter, the guy who coined the term creative destruction, in that new technologies wiped out the old, and how in the long run economies flourished because of technological advances. Now there is less of that writing and more of this PC nonsense.

    I used to really look forward to reading Forbes, now I’m hard pressed to find an interesting story.

    • John Smith

      I remember reading my dad’s as a kid and recently got a free subscription, which I ended up not renewing for much the same reason.

  • IstvanIN

    I have interviewed them for jobs. BA in some mush-mouth major with a very low GPA. Not a gut major with great grades or a tough major with low grades, but a gut major and low grades. Pitiful. And the useless courses they take, courses that a college would have been ashamed to offer 40 years ago.

    • Earl P. Holt III

      Amen !

  • Lee_CPA

    In a neighboring town there was a “mill village”. Long after the mill shut down, the houses were well kept, yards were clean, no junk vehicles, etc. Then, the Mexicans began to move in, the older whites passed on, and the village became about 95% hispanic. A neighborhood that had been well maintained for 80 years went to crap in about 10 years.
    Gee, I don’t know why whites enjoy higher value in home ownership…. {{{sarcasm}}}

    • meanqueen

      Lee, this happened in my childhood hometowns. I suspect many of us have the same story. I went back about a decade ago to visit two old neighborhoods I had lived in during gradeschool. Taken over by hispanics, the simple but once tidy and well loved homes were dilapidated, the humble little lawns that were once green with well tended rose bushes were now dirt patches serving as carports for numerous lowrider vehicles. The schools I had loved were covered with graffiti and surrounded by chain length fencing. I started to cry when I saw the schools. It was clear to me then that if you are a white American, “you can never go home again.”

      • John Smith

        The home my mother grew up in was painted bright robin egg blue and had trim falling off, last time anyone dared drive by.

    • Weisheit77

      This has happened in South Carolina where my parents come from.

      I’m a Dupont kid (it’s one step up from an army brat). I’m from all over.

  • Ed

    Family formation- nuclear families promote maximum parental investment in kids. Whites have been doing this for thousands of years whereas Blacks well haven’t.

    IQ- obtaining and maintaining wealth across the generations requires intelligence & impulse control. Something the majority of blacks lack.

    Home value: No one wants to live near too many blacks even other blacks. Thus their homes are always worth less than a similar home in non-black homes. Ironically the rare time blacks win out in the housing market is during gentrification but they whine about that too.

    Spending habits: a black guy making $70k will spend like he’s making $200k. He’ll have the trendiest clothes, cars etc all on credit. One false move and he’s broke.

  • blanjm5

    No mention of the negros prioritization of high priced, “grillz,” rims and Jordans above wealth building investments? Color me surprised.

  • Charles Martel

    Affirmative action degree that they never had to take a real test for a govt job. Otis Mathis is the top public educator in Detroit but he had to sue a historically black college because it wouldn’t give him his degree unless he passed an English proficiency test that he failed 3 times. So he is functionally illiterate just like 47% of 90+% black Detroit

    • SlizzardAjeosshi

      All this in one of the cities that once upon a time shaped the modern world as we know it..so sad

  • Harry

    Might as well be outraged about why lead can’t be turned into gold. (Actually it can nowadays but the costs far [far] exceed the yield).

  • Hair-extensions and glued-on fingernails are not “wealth”, but this puff-piece glossed over actual black-v-white spending habits.

    • Earl P. Holt III

      I have always been astonished at the substantial amounts squandered on elaborate and relatively expensive beauty “aids” and treatments. There might not be enough money for rent, food, utilities or children’s clothes, but by God there’s always enough money to go to the beauty shop after the check arrives each month.

      It is beyond me how a 250 pound beast could think that expensive nail treatments or an elaborate hair-braiding can possibly compensate for the “butt-ugliness” of a large, fat and smelly black woman: Their nails could be painted by Michaelangelo and it wouldn’t make an iota of difference!

      • Alexandra1973

        I’m on assistance myself and I drive an old minivan (I think it’s misfiring again), we have a tiny TV with a built-in DVD player that my mom gave us…my prodigal husband gave me part of his tax return (he must still care) and most of it went for van repairs…I felt like I was splurging when I bought a $10 curling iron at the dollar store! Of course I did this after I made sure my son had some decent new clothes. He comes first.

        I felt almost guilty for buying that curling iron…and these negresses seem to have no shame whatsoever…I guess they believe they’re entitled. My hair–wash, comb, and go. I don’t need chemicals.

        • Earl P. Holt III

          I believe the term is “nigresses”…

        • Thrift stores are great. I got my daughter a lightweight “Abu Garcia” spinning rod for three dollars at the ARC, and that’s a fairly good brand. The reel had a nasty tangle inside it, but I only had to waste about six feet of fishing line to fix that.

        • John Smith

          If you can DIY, it’s likely plugs or coil packs – of course most minivans are V-6s and they sit transversely, which means the back of the engine is up against the firewall and that you won’t be able to get most of the plugs w/o a lift.

  • meanqueen

    Winning comment of the day!

  • Light from the East

    Here are some crucial aspects you need to know:

    1. This article never mentioned the household income, college degree completion rate of Asians. If the author did this, she fails to blame the gap between whites, blacks, and Hispanics to white privilege, racism, oppression, whatever you can imagine. There is a positive correlation between household income and IQ of a group of people, and this is the obvious fact that the author wants to ignore.

    2. Hispanic people have roughly about the same income level of blacks, but black people have stayed longer on the land of the USA, theoretically they should be more familiar with the culture of America. Hispanic people, despite their different culture background, they reach the same income level of blacks in a shorter time. That means IQ plays an important role since Hispanics’ IQ is higher than blacks’ IQ. If a Hispanic person stays longer in the US, we expect there will be a clear household gap between Hispanics and blacks.

    3. Look at the college completion rate of each race and this is after affirmative actions, diversity programs, and procrastination of deportation of illegal immigrants. If you removed all of the above, the gap between white, black, Hispanic only widen, which is an internal factor.

    4. If there is a job, then there must be a demand about some products or services. Since the market of demand of the USA is mainly attributed to white people, a white person is preferred to others with the same ability because white people know best about their own, helping to make a better decision to its customers with the same way of thinking.

  • meanqueen

    Read Charles Murray’s Coming Apart: The State of White America from 1960 – 2010. One statement really jumped out at me. He said that middle to upper class white America could engage in liberal social experiments and when that didn’t work out, they could bounce back (usually). No so for lower class whites and blacks or other poor minorities. They followed the lead of the liberals and when that didn’t work out, they never did recover. Black families prior to the 1950’s were generally traditional and intact, and many tried to better themselves and get an education. Then we got free of religion and sexual responsibility and now we have a 70% black unwed mother rate (and climbing for whites).

    • carriewhite64

      Another idea from that book that has stayed with me: Middle and upper class people do not preach what they practice. The behavioral standards they hold for themselves and their associates, they do not apply to lower class people. In this case, refusing to judge others has hurt those others by making their dysfunctional behavior seem acceptable.

  • superlloyd

    Superficial, cultural marxist correlation analysis ignoring the causes for the disparities. Those being, education, cultural and time orientation differences which devolve back to IQ differences not racism. Simple and obvious, really.

  • meanqueen

    You’re too generous! Middle school kids can be quite intelligent and accomplished. They do algebra, may be studying a foreign language at school, and can read Young Adult novels if not adult novels. They might play a musical instrument fairly well.

    • Fed Up

      The kids that DO apply themselves and study become those Blacks who do make it in the real world.

  • mikey7777

    So white people will be vilified for having the capacity and IQ to take care of their property and neighborhoods,to save money,to invest money,to plan ahead.To save for the future.Too care and sacrifice for the future of their families and children.In what world do these libs and blacks live. Bizzaro world ,indeed.This is the kind of talking and teaching that is tearing the very fabric of reality in this country apart.This is total idiocy and insanity being spoken as truth.Unreal!

    • bv

      The goal of the liberals is to destroy white power and leadership in America. Blacks are just the instruments of destruction to this catastrophe.

  • Earl P. Holt III

    Most Whites pay their bills, don’t generally sire lots of illegitimate offspring, put aside income as savings, and usually live frugally. The hundreds of professional black athletes who have declared bankruptcy — and become penniless soon after they retire — illustrate a very different mind-set among nigros…

  • archer

    No mention that the sub prime mortgages crippled our economy and the bailouts constitute a real threat to our financial well being, with the vast creation of money by the fed, creating more inflation, deflating the savings and home values for all of us. No mention of why a house in a white area is worth more than in a black or brown. I guess the answer is to continue to let in more under performers from other countries, and to continue to redistribute wealth, so we can all be poor.

    • The flood of sub prime mortgages made “easy money” available for purchasing real estate. Of course this resulted in price inflation; any time more money starts chasing a (relatively) fixed quantity of a commodity, inflation results. This inflation was the origin of the speculative boom in real estate. However, anyone involved should have understood several other aspects to the phenomenon.

      Firstly, residential property is not really a fixed commodity. We have a construction industry that builds new homes, and of course those companies stepped up to the plate to cash in on the boom. This was bound to cause a price correction of some sort as builders caught up with the demand.

      Secondly, the blacks receiving these sub prime loans are not known for their financial responsibility (people who get fixed-rate, conventional mortgages obtain much better terms, but that requires good credit – i.e. responsible spending habits). When Darnell and LaQweesha buy an overpriced house that they can afford only on both of their incomes, what happens when one of them gets laid off? After the unemployment checks run out, it’s foreclosure time! The more generalized business recession was a result of the end of the 1990’s “dot com” stock boom starting in late 2000, so lots of people got laid off. A multitude of foreclosed properties all hitting the market at once would of course end the housing boom even faster than new construction already was.

      • Weisheit77

        If you were smart and read the writing on the wall of which you speak, you could have made a fortune. The smart people did, the dummies are underwater.
        I wish I had played that game (flipping houses). That was probably one of the best make a quick buck schemes to come along in quite some time.
        All you needed to know was this can’t go on forever and bail early.

        • John Smith

          “All you needed to know was this can’t go on forever and bail early.”

          But that’s always the question – too soon and you lose out on a lot of potential. It’s the nature of bubbles that human psychology and emotion are critical to their formation and that this both drives values up and causes them to crash, such that it’s impossible for everyone to get out ahead.

        • I had liquidity problems at the time, after I had paid off my own mortgage. I did divest my old bonds and mortgages investment account.

  • Lee_CPA

    The “secret” to wealth creation is not that hard. Stay in school (and try to learn something while you are there), learn a trade or obtain a degree in a field that is in demand, limit your expenditures on consumer items that depreciate rapidly, learn about compound interest and how it can work for you and against you, don’t have kids until you are in a stable, nurturing relationship and financially able to take care of them, and home ownership is still one of the best ways to accumulate wealth long term.
    .

  • Cindy

    On Forbes’ site people have the same “this is B.S” reaction in the comments section as they do here. The editors at Forbes knew this study had holes and was skewed, yet presented it as “personal finance.” This is just “click bait” for a magazine that isn’t doing as well on line as it did back in the day.
    The mainstream media does this all the time. They present stories they know are skewed for the sole purpose of getting a reaction.
    If Forbes presented the article as an example of how Liberals lie and deceive to make Whitey look bad, I would probably be on their site everyday.
    In other words, be honest, like AmRen. Show people the truth of what’s going on in the world today. But Forbes doesn’t have the balls.

    • The truth is the first casualty in any society in which readily distinguishable groups possess very different intellectual capabilities.

  • Pat Boyle

    Whites earn about $50,000. Blacks about $30,000. The reason? A white worker is worth about $50,000 and a black one only about $30,000.

    I used to be a public social worker in San Francisco in the sixties. We had a few whites on welfare but no Chinese what so ever. Welfare was a program for blacks.

    The Chinese in California at that time were largely illegal immigrants. They were the poorest population segment. They arrived penniless. They couldn’t speak English, had no education and were often in poor health. They worked in Chinatown kitchens and slept in the garbage room. A generation later and they are home owners and often business owners. Their kids are enrolled at UC Berkeley in the Computer Science department. They have higher incomes than the native whites.

    There is no credible explanation for the success or failure of various ethnic groups that does not recognize race.

    • Weisheit77

      It’s amazing though how many people refuse to see it.

      • bv

        It’s literally 1984 in reality just like George Orwell predicted.

    • John Smith

      I think you’re generous in your assessment of black workers and their economic value.

  • Alexandra1973

    “1934 National Housing Act, which redlined black neighborhoods, marking them as credit risks.”

    Well…if you have someone that throws away their money on bling instead of saving for the mortgage payment…that’s their fault.

    • John Smith

      Slavery made them do it….

  • Earl P. Holt III

    ONLY 16 TIMES? (We must be slipping…)

  • Earl P. Holt III

    Tells you what those degrees are worth. (Probably less than a Grade School education 100 years ago…)

  • slobotnavich

    Dare anybody even mention the huge average IQ gaps between whites and blacks,or the somewhat smaller gap between Hispanics and whites? Well, I suppose you could actually mention it, it you didn’t mind being both persecuted and prosecuted by the drooling slack-jawed functionaries of EEOC and various other individual state enforcement arms.

    • Genetics is very often destiny, and when we discuss groups instead of individuals, statistics instantly rears its head.

      • slobotnavich

        Properly gathered and compiled statistics reflect reality, unpleasant or otherwise. Much of our government apparatus is devoted to steadfast denial of reality and brutal enforcement of the state-sponsored falsehoods. The USSR didn’t collapse – it merely moved and reformed in Washington and various state capitals.

  • Weisheit77

    Just the other day I went to meet a younger friend of mine in his neighborhood. He’s in his mid-20’s and lives with his gf. Due to finances he doesn’t live in the nicest neighborhood, but they’re not in ghetto apartments either. Well, the neighborhood is mixed with black, Hispanic, and some white working class. I was shocked at the state of the shrubbery, yards, etc. There was trash blowing about. Everything looked dirty. The first thing I thought was, “and they wonder why their property values are lower…”

    A little paint and elbow grease would raise the property value of every place in his neighborhood by $10,000 at least.

    Time to toot my German horn. No matter how humble the abode you never see a house in Germany with trash blowing through the yard and getting caught in untrimmed shrubbery.

    • Charles Martel

      Yea but it would have to happen to every non Asian minority house. The free houses that habitat for humanity built for New Orleans musicians are already falling apart from hard use, partying & no maintenance.

    • SentryattheGate

      Ja, das ist echte Wahrheit!

      • Weisheit77

        The Netherlands are the same way. Last summer I was staying with a friend south of Amsterdam. Well after work he drives around and picks up scrap that people throw out when remodeling or when buying new appliances (he saves them money and makes money). I rode around with him twice because he’d get a call and ask me if I wanted to go. I said yes because when I travel I like seeing how the locals live. (The collecting scrap and reselling it ain’t a bad gig either; 15 euro investment in gas and maybe reap 100 Euro to 200 Euro in scrap; you just need a work van.) We went out and rode around for 2 or 3 hours. I didn’t mind because I had beer and I was learning.

        The Dutch in that area live in duplexes that Americans would find oppressively small and associate with the lower class. Every single one was awesome to immaculate. I don’t remember one dilapidated place and I had to see 2000 or more residences (when they’re that small and that close together, it’s not hard to do.)

        The only thing for me was because no one has air conditioning they all had their windows open during the night and it got eerily quiet after about 10:30, except for the airport, of course. You felt like you had to whisper when you were outside. Instead of the American stereotype of drugs, discos, and hookers I felt like I was in the 1950’s. This was only a 25 minute train ride to the Amsterdam center.

        • Your Dutch friend sounds a lot like me.

          • Weisheit77

            He has no patents and I don’t know if he knows chemistry, but he’s a salt of the Earth handy man of sorts who takes pride in his belongings and household. His day job is operating machinery in a scrap yard. His father died and since he doesn’t have a wife he moved back in with his elderly mom (he’s 48). I met him performing heavy music in Europe. Now I just go over to hang out with him and get to tour Holland for a 1/10 of the price that I would have to pay if I had to pay for hotels, taxis, rental car, tour guides, etc… Also, like I said, I really like seeing the day to day life of places I visit. The cathedrals and museums are cool too, but it is also neat to watch people. Sorry, I’m an amateur sociologist; some people call us people watchers.

            I’ll be there in 2 weeks.

          • Have you ever seen one of those “crazy old men” who when they see plywood or scrap metal laying on the road, they will stop and get it? I was one of those by my mid 30’s.

          • Weisheit77

            Waste not, want not…

          • I love that saying! The running joke between my mother and me for decades has been TCBU, or “This Could Be Useful”. My wife’s pet name for me is “General Scrapiron”.

            Has anyone else noticed that plywood has become fairly expensive?

          • Weisheit77

            But he’s a good guy to know… very loyal to his friends and a terror to those who cross him, but he doesn’t give people a reason to cross him.

      • Weisheit77

        Eigentlich nächster Monat werde ich wieder in den Niederlanden und auch im Vaterland sein. Ich kann kaum warten.

        • SentryattheGate

          Gute Reise! Ich hoffe das ich wieder gehen kann!

    • John Smith

      In some places, like Kansas City, the city even offered assistance to help low-income homeowners fix/improve their properties, yet they seldom did.

      • Too much like “work”. I’m almost the last fellow who wants to go back to work for someone else, but I love doing things around the house.

      • Fed Up

        American Blacks prefer to live much like their African ancestors did — back in Africa. Nor are Mexican [illegal immigrants] much better.

  • John Smith

    This is why it’s okay for them to rob you – social justice, reparations and all.

    • Harry

      Their mentality exactly. It’s not a crime at all. It’s partial reparations payment.

  • John Smith

    Actually, even “bling” could’ve made blacks more wealthy – had they bought when gold was cheap and liquidated it near the recent market highs.

  • When those doofs have to ban citations of UCS, even they must know they’ve lost the argument.

  • I think operating heavy construction equipment (big yellow toys) pays even better.

  • John Smith

    Or that they have to pay more in taxes, at higher effective rates, and that they get fewer services for those taxes?

  • John Smith

    Gold chains would’ve been a good investment had they bought them around ten years ago and sold them recently.

  • Pa Guy in NJ

    Maybe it’s due to the fact that they see gaudy rims and gold teeth as an investment and we see a home and education as one.

    • Harry

      Do they have to see a dentist to get fitted for bling style gold teef or can they be bought off the shelf?

      • Pa Guy in NJ

        If they do see the dentist I wonder who pays for it?

        • Harry

          Take a wild guess..

    • Pa Guy in NJ

      Mods, is “teef” racis’ or sumpin? Jus’ axin’.

      • chuck_2012

        No more racist than “skoo’.

  • Jason Lewis

    We have welders here in south Texas making six figures. Some A/C techs can pull that as well if they hustle. I had to pay a plumber $600 to do 3 hours work. The Starbucks coffee boys with degrees bitch about blue collar boys often.

    • Of course they do. People with college degrees think they automatically deserve to make more money than those without them. So they get jealous when they find out there are working-middle class people who didn’t go to college (as such) making good money, and they with their worthless degrees in intersectional transgenderist feminism are stuck being a coffee jerk for not much more than min-wage.

      It’s one reason why I think the left hates the oil, gas and energy industry with a passion, because it gives white men without the quintessential college degree a way to make a good living.

  • Harry

    Rule #1 in the world of Black: Everything bad be the fault of YT. If a Congolese child trips and skins his knee in the Congo, it can be linked back to Belgian Congo.

  • John Barleycorn

    I drive a late model HONDA car,
    how come every Negroidian driver I see is driving BMW, Cadillac, Audi, Lexus, Rover, or Hummer . . . ?

    • Because slavery and structural racism. And also the Edmund Pettus Bridge.

  • chuck_2012

    they live in poverty because of their plantation mentality. Balancing the books and looking to the future is a job for yt. blacks have never done this and expect someone to take care of them ultimately, welfare, EBT , section 8 housing etc. they have it made and can do whatever they want without consequence. YT, on the other hand, must make a success of his/her life. Blacks do not want success as this is considered a white trait.

  • Hell_Is_Like_Newark

    Back when I was in public high school (’80s), shop classes is where the blacks and drug addicted whites were dumped. It was basically warehousing where the inmates got to play with tools every now and then.

    Shop type classes were looked down on and not considered good for college prep. That attitude bothered me when I was a kid and made me regret much of the (mis) education I received back then. My general IQ is nothing special (learning Laplace Transforms made me want to scream) but I rock when it comes to mechanical aptitude. Yet, I was actively discouraged form utilizing that aptitude. It wasn’t until college that i began to invest in my own tools.

    Working with my hands made me a better engineer. I look back at my education and it almost seemed ‘Asian’ in nature: Lots of books, but never get your hands dirty.

    The best engineer I know built his own machine shop and rebuilds cars and construction equipment on the side. He picked up some of skills in the Merchant Marine and self-taught the rest. The man converted an old diesel engine / generator to run on waste oil. He uses the waste oil from his car servicing to keep his electric bills down.

    If I could go back in time and visit the young me, the advice would be: “All the sports, music, and other extra-circular activities you will be forced to take are a complete waste of time. Convince Mom & Dad put the money towards some tools and a mig welder. When you get old enough to take a summer job, buy more tools, buy welding lessons, learn to use a lathe.”

  • brior

    “Much of that disparity comes from the gap in the home values in white
    neighborhoods versus the neighborhoods where people of color live” … OWN IT… blacks created it,now deal with it.

  • Irish

    Two words- Delayed Gratification

  • Keepin’itREALISTic

    Distain for the white Christian family man drives the left and the left’s successes in its attack on his values and culture over the last fifty years have wrought devastation everywhere and most particularly among the blacks who most need the white Christian family man’s example, surplus and largess.

  • Earl P. Holt III

    At the risk of being repetitive, let me relate another anecdote from my tenure on the St. Louis School Board. (I’ve been to Hell, but did not return empty-handed!)

    One night there was a brief ceremony to recognize a kid from the St. Louis Public Schools, who had WON the extremely prestigious St. Louis Science Fair. (This is a really BIG DEAL in St. Louis, probably because of the proximity of Washington University, St. Louis University, Monsanto Chemical and Mallinckrodt Chemical. )

    The kid was an Asian student who wrote some kind of software program that I could never understand. He was not present to accept his award, but his parents were there in his stead. They had been Vietnamese “Boat People,” who managed to flee the communists when Viet Nam fell, and eventually arrived here with NOTHING.

    The reason the student was unavailable was because he was already taking summer courses at Stanford University, where he won a FULL RIDE.

    The thing I remember MOST was the pretense the nigros on the Board made of applauding the recipients. This was an example of GENUINE ACCOMPLISHMENT — in contrast to the awards routinely given to black students who learn to tie their shoes using the Bunny-Ears” method — and the nigros on the Board were not amused. In fact, they were angered.

    That’s because the efforts of this Asian student “put the lie” to the claims of the nigros that America is systemically racist, just as the successes of Asians in the U.S. are an acute embarrassment to the lazy nigros, despite their endless excuses…

  • Magician

    A blond woman in her mid-30s told me, she had an interview for a nurse position. She is properly licensed. And at the end of the interview, she was told that she will not be hired because she is white. They do not even hide it any more that they are trying very hard to give non-whites the priority.

    I want to punch the screen everytime I see, “We are a proud company that does not discriminate when giving jobs. By the way, specify your race when applying for jobs at our company”

  • mikefromwichita

    Compare the median black with IQ of 85 to the lower 15% of Whites (also) median IQ of 85. Wealth and income are then identical. In this day and age Poor & Stupid are a Matched Set.

  • scutum

    Ah be discriminated against. Da man toll me he need someone dat
    can reed, rite, and do ritmatic fo dat job. Ah needs da job so ah can buy a Cadillac an get hi.