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Sat Apr 7, 2018, 10:36 PM

Boston African-American median net worth $8.


One of Spotlight's most daunting findings is the economic disparity between whites and blacks in Boston.

Using data from the Federal Reserve of Boston, Spotlight found that non-immigrant African-Americans in the Boston area had a median net worth of $8. "That means they owe almost as much as the combined value of what they own, be it a car, or house, or savings," Spotlight writes.

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Reply Boston African-American median net worth $8. (Original post)
Susan Calvin Apr 2018 OP
Anon-C Apr 2018 #1
Susan Calvin Apr 2018 #2

Response to Susan Calvin (Original post)

Sat Apr 7, 2018, 11:03 PM

1. I'm sure universal basic income will end the disparity!


Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99 percent of America. And the gaps only worsen in the kind of neighborhoods that promise low poverty and good schools.

According to the study, led by researchers at Stanford, Harvard and the Census Bureau, income inequality between blacks and whites is driven entirely by what is happening among these boys and the men they become. Though black girls and women face deep inequality on many measures, black and white girls from families with comparable earnings attain similar individual incomes as adults.


If this inequality can’t be explained by individual or household traits, much of what matters probably lies outside the home — in surrounding neighborhoods, in the economy and in a society that views black boys differently from white boys, and even from black girls.

“One of the most popular liberal post-racial ideas is the idea that the fundamental problem is class and not race, and clearly this study explodes that idea,” said Ibram Kendi, a professor and director of the Antiracist Research and Policy Center at American University. “But for whatever reason, we’re unwilling to stare racism in the face.”

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Response to Anon-C (Reply #1)

Sat Apr 7, 2018, 11:40 PM

2. Yep.

I have adored Bernie for over a decade, and still do, but I really don't think he gets this, yet. I have hope. (Usual suspects, I hope you don't pile on here. Oh well. Whatever.)

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