Understanding the racial wealth gap

The largest creators of wealth in America have been Black people. However, racism has prevented them from deserved earnings.

#wealth #money #racism

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[Swayze_S.L]

This was very educational.. Thanks Revolt

[jjchatma]

ADOS got us to this point. Give Antonio Moore aka ToneTalks and Yvette Carnell their just due.

[Kardiacarrest]

ADOS all Day! Breaking Brown and ToneTalks.... Recognize

[jenswan]

@Mr. Combs, I like this. Can we get an extended version?

[BigRuntBRV]

Antonio Moore Sounds different?!? #ADOS 🤣🤣🤣
GREAT PRESENTATION BUT GIVE TONETALKS HIS DUE!!!

[heavykevystunnaham...]

Wow I started a business for a year & a half before the Plandemic. I had police follow me to work, home, to eat etc... I didn’t understand what was going on. They follow you, track you and wait until anyone around make a mistake so they can arrest, and oppress them. This is actually 100X worse than we think. They followed me for starting a company. Yo wtf bruhhh!

[justintime]

The real issue . Poverty equals crime and desperation. So when they deflect . Tell them to deal with the problem not the symptom . Reparations

[t.o.o.smooth]

And what about the destruction of the black nuclear family and the impact the welfare state has had on our communities???

[big_a]

Sounds rather ToneTalks....GET THE BROTHER ANTONIO MOORE ON THE NETWORK...WE NEED TO LEAN MORE ON THE BLACK INTELLECTUAL AND LESS ON THE FAMOUS

[CrowdPleeza]

Where do more Black marriages fit into this?

"Based on the 2020 Census data we reviewed, a black married couple with children had a median income of $94, 493. In contrast, a black female household head with children but no spouse present earned an annual median income of just $34, 544."

From:

New Census data: income advantages of marriage greatest for blacks – Wirepoints

[ivanbardonado]

Could black wealth improve if we fixed rap hiphop culture and teach kids the value of education

[huongkhanh]

Some segments in the video are stamped not adjacent to each other

[trannghiaduc]

The video sound is pretty good, beyond my imagination

[hammockcamping]

Why should we socially engineer a reduction of racial gaps? Why can't we be content letting each population group fare as well as they can without having to artificially prop some population groups up? Here are some examples:

I belong to an eye glass wearing population. I pay for my glasses. Folks that decend from East Africa have to deal with the fact that on average they are not fast sprinters while conversely West Africans have to deal with the fact that they on average are not good distance runners. Bloodhounds on average are not optimized for being good at shepherding but they obviously excel at tracking.

However you group different populations, you will find innate differences in ability.

Schools should be celebrated for increasing academic gaps. Smart people learn faster

[Melons-vgdq]

What's $188, 000? A house and a car. And you better believe they worked their butts off for it.

[zachpileggi]

Not necessarily. It’s a bit more complicated than what this video claims. A lot of the racial wealth gap has to do with demographic trends among each segment of the population, particularly age. If we’re to look at the disparities in household income, then we would need to look at other factors that may also influence such a wealth gap. In which case, age is a very important factor. Wealth usually increases with age for most people as they invest more money into assets that appreciate in value, or build equity in their homes. According to Pew Research, the most common age among whites is 58, and 27 for black/African Americans. The fact that the most common age among whites is more than double that of African Americans, it really comes as no surprise that a racial wealth gap exists. Further, using household wealth can be misleading, simply due to the number of people living in a given household, and the financial well-being of those people. For instance, a two-parent household where both parents are working and putting money into a retirement fund, stock portfolio, etc will likely have a much higher household wealth than a one-parent household, where only one member of the household is earning income and building wealth. With that being said, another pew research publication finds that of those surveyed, black respondents were about four times as likely to be “solo” (one-parent household) than “married” (two-parent household), and roughly twice as likely to be “solo” than “cohabiting.” Conversely, 54% of black children live in a single-parent household, as opposed to 19% of white children. Moreover, Africans Americans account for roughly 13% of the population, but 28% of single parents, and 7% of married parents. To the contrary, whites account for roughly 62% of the population, but 42% of single parents, and 61% of married parents. This indicates a very disproportionate rate of single-parents among African Americans.

These facts have to account for something as it relates to the racial wealth gap.

[rbsams]

Lol there are typos all over this. These people can’t even professionally produce a video 😂

[Hammerhead]

Nice conspiracy theory bullshit here.

The reality is that people who put effort and time into their lives will always be worth more than people who sponge off the system and spend their days sitting around whining about how "hard" life is.

And FYI generational wealth doesn't work the way you seem to think it does, the average inheritance for most people is less than $10.000 once they liquidate any property that has financial value then pay the legal fees realty fees taxes on the sales and cover any outstanding debts owing against said property from the sales then divide it up amongst the heirs and they pay their share of the inheritance tax on the next years income taxes.

Unless you're actually dumb enough to think that grandma and grandpa jones's 30 year old house that needs $200k worth of renovation work, their 20 year old tools electronics and furnishings and a 15 year old mercedes s class with 200.000 miles on the clock that is pretty rough around the edges and needs work because it hasn't been driven in 4 years is actually "worth bank" in which case you're just painfully naive.

The reality is that "million dollar house" needs $200k worth of work and has an outstanding mortgage of $600k outstanding so it'll sell for a fire sale price as a fixer upper while the tools furnishings and electronics will either go to the county dump or be sold at auction for pennies on the dollar and the car will net about $500 as a trade in.