7kontinent

Study finds median wealth for single black women at $5
Tuesday, March 09, 2010

By Tim Grant, Pittsburgh Post-Gazette

Women of all races bring home less income and own fewer assets, on average, than men of the same race, but for single black women the disparities are so overwhelmingly great that even in their prime working years their median wealth amounts to only $5.

In a groundbreaking report released Monday by a leading economic research group, social scientists turned a spotlight on the grave financial challenges facing an often overlooked group of women, many of whom could not take an unpaid sick day or repair a major appliance without going into debt.

"It's rather shocking," said Meizhu Lui, director of the Closing the Gap Initiative based in Oakland, Calif., who contributed to the report "Lifting as We Climb: Women of Color, Wealth and America's Future."


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Racial disparities in net worth

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Among the most startling revelations in the wealth data is that while single white women in the prime of their working years (ages 36 to 49) have a median wealth of $42,600 (still only 61 percent of their single white male counterparts), the median wealth for single black women is only $5.

"Even for those of us who have been looking at the wealth gap for a while, we were shocked and amazed at how little women of color have," Ms. Lui said.

Researchers at the Insight Center for Community Economic Development, based in Oakland, Calif., analyzed data from the 2007 Survey of Consumer Finances, a voluminous report the Federal Reserve Board issues every three years that examines household finances in this country.

Wealth, or net worth, measures the total of one's assets -- cash in the bank, stocks, bonds and real estate; minus debts -- home mortgages, auto loans, credit cards and student loans. The most recent financial data was collected before the economic downturn, so the current numbers likely are worse now than at the time of the study.

Black women, in general, were more likely to have participated in the subprime loan crisis with upper-income black women being five times more likely to have received a high-cost mortgage than upper-income white men.

"The popular image is they spend too much, which is the reason they are running up credit card and consumer debt, but the cost of living has risen faster than income, and they need to go into debt for basic daily necessities," Ms. Lui said. "It's compounded because unemployment is twice as high in the black community than it is in the white community."

For all working-age black women 18 to 64, the financial picture is bleak. Their median household wealth is only $100. Hispanic women in that age group have a median wealth of $120.

"That means half of [black women] have a net worth of more than $100 and half have a net worth of less than $100," Ms. Lui said. "So that gives you an idea of how far in debt some women of color are."

Married or cohabitating white women have a median wealth of $167,500. Married or cohabitating black women have a median net worth of $31,500.

The reasons behind the daunting financial challenges black women face are numerous and complex.

"There are excuses and circumstances that have evolved in society, which put black women where they are," said Esther Bush, executive director of the Urban League of Greater Pittsburgh, who said in Pittsburgh more than 70 percent of African-American families are headed by single women.

The recession has hit single mothers especially hard.

According to a recent report by the Institute for Women's Policy Research and the Women and Girls Foundation of Southwest Pennsylvania, more than four out of 10 families headed by single mothers in Pittsburgh and more than one in three in Pennsylvania, live in poverty.

In Pittsburgh and across the country, the financial burdens of single parenthood fall mostly on women, but black women are more likely to endure the work and responsibility of raising children on their own. They are more likely to be the backbone of their families and communities, with greater responsibilities to support struggling friends and families.

In a 2008 study of black women and their money, the ING Foundation found that black women -- who frequently manage the assets of their households -- financially support friends, family and their houses of worship to a much greater degree than the general population.

They also are more likely to be employed in jobs and industries -- such as service occupations -- with lower pay and less access to health insurance. And when their working days are done, they rely most heavily on Social Security because they are less likely to have personal savings, retirement accounts or company pensions. Their Social Security benefits are likely to be lower, too, because of their low earnings.

Rather than strictly comparing income, researchers in the Insight study looked at the wealth gap. The current economic crisis has shown that a person's wealth affects not only retirement security, but also a person's ability to handle financial setbacks such as a job loss or a health emergency.

High unemployment and high incarceration rates for black men also lower the likelihood of single black women finding a partner to help build a more secure financial future.

Ms. Lui said the Insight report would be used to encourage the government to close the wealth gap and improve the outlook for women of color, just as it did for Americans who received land through the Homestead Act, and education through the GI bill.

"If wealth was based on hard work, African-Americans would be the wealthiest people in our nation," she said. "It's not about behavior. It's about government policies. Who does the government help and who is it not helping?

"Our government knows how to build wealth for people. They've done it for others and they can do it for all of us. They need to focus some attention on women of color. Look at the situation and see what we need."  :? xdrinka :|

Tim Grant: tgrant@post-gazette.com or 412-263-1591.


Read more: http://www.post-gazette.com/pg/10068/1041225-28.stm#ixzz0hnLQ7vpQ

http://www.post-gazette.com/pg/10068/1041225-28.stm

Da, ali vecina belih zena u Americi ne krece od nule, ne zivi u getu, nema muza/decka u zatvoru i/ili na kreku. Crna zajednica u Americi je svoj najveci neprijatelj. Detroit je slika i prilika onoga sto sami sebi rade. Svaki vredan i iole talentovan crnac/crnkinja moze da se osloni na hiljade federalnih programa koji postoje da im pomognu. I ja nemam nista perotiv tih programa, i treba da postoje, zahvaljujuci njima se polako razvija jedan za sada malecni ali rastuci sloj uspesne crne inteligencije, profesionalaca, lekara, advokata, whatever. Nazalost, vecini starog crnog establishmenta, tu ne mislim na Obamu, on sa njima veze nema, nego na ona dva gangstera Sharptona i Jacksona, rasisticko djubre Farakana i slicne - njima je apsloutno u interesu, finansijskom i svakom drugom da im je median crne zajednice debela zenturacha sa petnaestoro vanbracne dece, secerom i pritiskom off the charts i nepismena budala sa pistoljem za pojasom, jer je takvima najlakse manipulisati. I nema drzave koja to mzoe da promeni, to je promena koja mora da krene iznutra.
Posle Obame, sva bulaznjenja o beznadeznosti zivota kad se rodis crn su besmislena. Da li jos ima rasizma? Naravno, ali ne tamo gde je bitno. Sta misli neko belo djubre i wife beateru u trailer parku je nebitno.

QuotePosle Obame, sva bulaznjenja o beznadeznosti zivota kad se rodis crn su besmislena.

Kao i sva ostala bulaznjenja "lako je svima a jao je meni" tipa.

We'd either find a way or an excuse.

Amin.

Tolika davanja a nikakav rezultat. NIKAD se to nece promeniti, buduci da je IQ problem a on nije socially nego genetically determined. A vidi kako traze jos. Manipulisu i jedni i drugi.

Zasto recimo Induse, kojih ovde vec ima na milione, a koji su ocigledno "people od color" niko ne pominje u ovim studijama o teskim situacijama tzv. "people of color"?

Zato sto je IQ partly mongoloid/partly caucasoid/partly negroid Subcontinent populacija isti kao u East Asian/Caucasian populacija. A mi ovde dobijamo cak i najbolje sto Subcontinent ima da izveze.

Ne verujem da ima vise of 100 individua iz Indije, Pakistana i Bangladesa na welfare-u u celoj USA. A obviously su "people of color". Kladicu se da, po glavi, otvaraju vise firmi i imaju veci income nego prosek bilo koje grupe koja zivi u USA.

Citava "people of color" kukumavka je pretnja/iznuda.

Na tu temu, Victor Davis Henson, moj omiljeni profesor klasicnih jezika iz CA:


...

Affirmative Action

The concept was noble, but now antiquated and mostly absurd. It requires the logic of the Old Confederacy to determine racial purity among the intermarried citizenry. Jet-black Punjabis get no preferences. Light-skinned Mexican-Americans of the fourth-generation claim privilege. Poor whites from Tulare don't rank. The children of black dentists do. I see very little logic here.

Asians? We both claim them as minorities, and yet we discriminate against them at the University of California admissions process on the basis of their own superior achievement. (Apparently, the deplorable record of discrimination against Asians is now deemed irrelevant due to the community's own success. Ponder the ramifications of that for a bit: should Asians have been struggling at UC, they would be considered suffering from the legacy of oppression; since they are excelling, they need to be quietly discriminated against).

As far as I can tell, here is the logic of this Byzantine system: Affirmative action in the 21st century has no logical basis in skin color, actual discrimination, poverty, class, or need. It is predicated on two archaic thoughts: previously discriminated against American minorities shall be defined as only Hispanic, Blacks, and Asians, and thus their children shall receive privilege for decades. BUT that new discrimination will not apply if such minorities on their own have prospered and are successful. (Why that would be so in some cases is again a taboo question.)

So, Japanese-Americans, whose parents were put in camps, don't quite qualify any more for compensation seemingly because they are successful and are thus "over-represented" in the racial spoils system. But Chilean immigrants do—if they can fraudulently piggy-back upon the Mexican-American experience by virtue of a shared language and last names.

If one is of mixed race, nomenclature trumps all. Bob Wilson, the son of a Mexican-American mother, is liable to get nothing, Roberto Martinez will get quite a lot, if the son of a Mexican-American (or any Spanish-speaking) father. A Barry Soetoro is of mere pedestrian mixed ancestry; Barack Obama is not merely black, but exotically so.

In short, the system is corrupt. In our society of intermarriage, immigration and mixed ancestry, we cannot any longer determine who is and who is not a certified "minority" (cf. the con of mostly white candidates claiming some sort of Native American ancestry).

Class and need are no longer connected with race. Hyphenation only creates cynicism and enhances a professional class of grievance mongers in journalism, politics, academia, and the arts (yet somehow we quietly and unofficially drop affirmative action dictates when it comes to 747 pilots, brain surgeons, or nuclear power plant engineers, but no one sues to disregard competency exams for air-traffic-controllers solely on the basis of undesirable racial results).

So what is left of affirmative action? Cynicism. Mostly it is an easy way for elite whites and Asians to feel good about themselves by helping the "other"—usually at someone else's expense (cf. the lower-class white applicant from Tulare who is rejected with equal or superior qualifications, without the resources and preparations of the wealthy and connected.) It provides psychological alleviation of guilt, without the  need to be tutoring in the ghetto, sending your kids to a mostly Hispanic school, or living among the lower classes. In that sense, the construction of Barack Obama, the former Barry Soetoro, and his apotheosis by elite whites, is again an unintended paradigm of the times.

For those who find the above illiberal, I'm sorry, but after twenty-one years as a professor I have never quite seen any American institution so corrupt, unfair, and cynical as the practice of affirmative action.

http://pajamasmedia.com/victordavishanson/truths-we-dare-not-speak/2/

Sta sve spada u 'wealth'? Novac u banci? Nekretnine? Nakit? Vozila?
Nemoguce da prosecan belac od 40 godina ima wealth od samo 60-70k$

Quote from: Hate mail on March 10, 2010, 06:01:45 PM
Zato sto je IQ partly mongoloid/partly caucasoid/partly negroid Subcontinent populacija isti kao u East Asian/Caucasian populacija. A mi ovde dobijamo cak i najbolje sto Subcontinent ima da izveze.

ovo sto se desava sa crncima u Americi je mom ubedjenju rezultat neprilagodjenosti kulture, neprilagodjenosti crnackog drustva, pocetnog zaostatka za ostatkom americkog drustva itd. sto je opet uzrokovano robovlasnickim periodom.
Apsolutno ne verujem da postoje znacajne razlike u intaligenciji izmedju rasa u smislu intaligencije.

Quote from: alan ford on March 10, 2010, 08:32:22 PM
Apsolutno ne verujem da postoje znacajne razlike u intaligenciji izmedju rasa u smislu intaligencije.

Apsolutno postoje. Vrsena su razna istrazivanja i sva ukazuju na to da postoje znacajne razlike i izmedju razlicitih naroda istih rasa, a pogotovo izmedju razlicitih rasa. Tema je osetljiva, pa se ne insistira mnogo na njoj.

http://news.yahoo.com/s/ap/us_white_minority

Quote from: Ivan_D on March 10, 2010, 08:37:53 PM

Quote from: alan ford on March 10, 2010, 08:32:22 PM
Apsolutno ne verujem da postoje znacajne razlike u intaligenciji izmedju rasa u smislu intaligencije.

Apsolutno postoje. Vrsena su razna istrazivanja i sva ukazuju na to da postoje znacajne razlike i izmedju razlicitih naroda istih rasa, a pogotovo izmedju razlicitih rasa. Tema je osetljiva, pa se ne insistira mnogo na njoj.

bas naprotiv, milioni godina evolucije koliko je trebalo da covek dodje na ovaj stadijum razvoja je normalizovala te razlike. Nedavno sam bas citao nekakvu studiju na tu temu. Videcu ako je nadjem da postiram.

QuoteZasto recimo Induse, kojih ovde vec ima na milione, a koji su ocigledno "people od color" niko ne pominje u ovim studijama o teskim situacijama tzv. "people of color"?

Zato shto Induse nisu dovodili u lancima kao zivotinje da bi radili kao robovi.Full stop.

QuoteNemoguce da prosecan belac od 40 godina ima wealth od samo 60-70k$

Moguce jer kad mu se odbiju DUGOVI koji ovih dana idu u nebo , chudim se da i to ostane. Shta mislish za koje pare radi "prosechan belac" anyway? Ovo je za 2005-u. Bog dao ako sad nije i manje.

http://www.worldsalaries.org/usa.shtml

QuoteAverage Employment Income
   :
Annual, per Worker, incl. dependent & self employment   
   
         Disposable         Gross    (1)   
2005       
31,410
31,410
        
42,028
42,028
        
constant 2005 dollars
current dollars
(1)          Based on dependent+self employment personal income and ratio of earners to household size.
Source:    U.S. Consumer Expenditure Interview Survey [19], 2005 (2.5 persons and 1.3 earners per household).

Jel bi voleo ti da budesh " prosechan belac u Americi? Minus svi benefiti koje imash u EU a u USA ne bi imao ( kao porodiljsko, placeni godishnji, sick leave , redundancy etc.)

QuoteApsolutno ne verujem da postoje znacajne razlike u intaligenciji izmedju rasa u smislu intaligencije.

Apsolutno ne verujem ni ja. IQ mozda nema veze sa uslovima zivota ako bi se merio bebama. Nije isto ziveti sa TV-om i kompjuterom , primati imformacije i "oshtriti" svoju inteligenciju i nemati struje i ziveti u kolibi u nekom selu u Africi.
Uspeh Azijatskih studenata na praktichno SVIM univerzitetima u svetu nije posledica njihove ogromne superiornosti u odnosu na belu rasu vec vrednoce i vrlo mukotrpnog rada njihovog.
Druga su stvar brojevi...Veca nacija imace srazmerno vecu populaciju onih sa vishim IQ-om.

To shto ce Amerika biti vishe od pola raznobojna a ne bela je sasvim normalno.Prichala sam o tome i na topiku o porodiljskom.
Sad je problem shto i ako daju porodiljsko opet ce od toga imati vishe koristi te raznobojne manjine.It's only just!
Shto rekao moj muz tako je i pravo ...onaj ko hoce da ima decu i treba da preovlada sutra ...belima niko nije kriv shto im je sve drugo vaznije od dece i shto nemaju ni prostu reprodukciju. Matematika je nemilosrdna :cry: :evil:

Quote from: vbo man on March 11, 2010, 05:45:04 AM

Zato shto Induse nisu dovodili u lancima kao zivotinje da bi radili kao robovi.Full stop.

... отевши им претходно златне аутокефалне виљушке.

To treba sve izbonbardovat jer krezuba stoka ne zasluzuje
nista bolje od napalma.

QuoteTo treba sve izbonbardovat jer krezuba stoka ne zasluzuje
nista bolje od napalma.

xrofl

Quote... отевши им претходно златне аутокефалне виљушке.

Pa ja to je ona Zagorova logika...zivot im je po njemu bio sto posto mnogo lepshi u ropstvu nego u njihovoj kolibi u Africi. Shta vishe treba da budu zahvalni :x...kao i Irachani danas.Valjda su im Ameri dali te zlatne viljushke :mrgreen:
To uopshte nije bitno...bitno je da crnci nisu dragovoljno doshli vec su lovljeni kao zivotinje.Plus su svojim robovskim radom i te kako doprineli da Amerika bude ono shto je danas.
Zato nek sad placaju. Tako se i oni iz UK-e sad raskukali gde u Londonu mozesh da se uhvatish za dugme kad vidish belca...a kad ste imali Imperiju bilo lepo...ma dodje maca na vratanca...ili ti " What goes around comes around".
Meni je zao shto crnci tako zive...zbog njih samih...Ono shto je unishtilo belu porodicu nije ono isto shto je urnisalo crnu porodicu koja je bila dosta jaka i zilava.I danas oni su vezani ali kao shto vidimo u negativnom smislu...jedan radi i pomaze ostale neradnike koji ga muzu.Zato muchenici i nemaju nishta.

Camuge i balije, u principu nece da rade nista.

Oni traze i ocekuju od zaposlenih u drzavi da ih hrani i
oblaci...kao i to da im decu paze, hrane i oblace.

Ako se belci pobune i nece to da rade...dobice revoluciju.

Svaka malo brojnija crnacka i balijska familija zaposljava po
barem 2 ili 3 coveka koji ih hapse, cuvaju u zatvoru, hrane
ih i socijalisu ih...konsultuju ih i dele im klopu i odecu.

Kada brojka balija i camuga dostigne neki "kritican nivo"
onda ce da rokaju belce ko zeceve okolo...

Nije da nema neke istine u tome shto kazesh Mishko ali to je upravo ono shto su "belci" i zasluzili...na kraju sve mora da se plati...Hteli su crnce i balije...pa eto im...

VBO, gde sam ja rekao da neko treba da bude srecan sto mu je deda brao pamuk u Misisipiju?
Ja ti samo kazem da to sto je nekom deda brao pamuk i Misispiju ne znaci da on danas treba da valja krek, kuva meth, zlostavlja nejach po svom komsiluku, nego uradi nesto produktivno sa svojim zivotom.
Vidi, meni se yebe either way. Ja preko geta predjem autoputem kad idem na posao, to je najblize sto im ikad pridjem. Sa normalnim  crncima/crnkinjama radim svaki dan, imam crne prijatelje, sjajan narod.Drzava nema para, sad cemo da im poukidamo trogodisnji welfare i slicne gluposti, mozda ih to inspirise da se malo uljude i nadju posao. Mozda ne. Ali nije ovde niko sem oni sami kriv sto crnaca ima 7 puta vise u zatvoru nego u koledzu. To je stvar licnog izbora i prioriteta.

Quote from: zagor te nej on March 11, 2010, 12:59:45 PM
Ali nije ovde niko sem oni sami kriv sto crnaca ima 7 puta vise u zatvoru nego u koledzu. To je stvar licnog izbora i prioriteta.

sve je to tako, jedino se ovde razmimoilazimo. Oni su u startu, kad god da se povukla crta, bili u zaostatku. Prosto bela rasa je isla u skole, radila, imala kuce itd. a ovi su nekim dekretom 'osbobodjeni' pa sad ajde svako na svoju stranu.
Crnci su do pre 20 godina imali zasebne WC-e, pre 30-40 godina su imali specijalna mesta u autobusima itd. tesko je evo sada je predsednik crn sve je sravnjeno.

p.s. Pisao sam o mojoj bivsoj sefici koja me je ovde i zaposlila. Crnkinja sa zavrsenim Harvardom. Genijalna, mislim moj apsolutno najbolji sef ikada, a imao sam ih raznih. Ali kada ona prica o svojoj porodici vidim da su joj i dva brata skolovani (jedan lekar jedan advokat), roditelji takodje (lekari) itd. tako da nije to slucajno. Kao ni kod "nas belih".

Tachno tako Alane xyxy

Quote from: vbo man on March 11, 2010, 11:46:53 AM
Pa ja to je ona Zagorova logika...zivot im je po njemu bio sto posto mnogo lepshi u ropstvu nego u njihovoj kolibi u Africi. Shta vishe treba da budu zahvalni
To uopshte nije bitno...bitno je da crnci nisu dragovoljno doshli vec su lovljeni kao zivotinje.Plus su svojim robovskim radom i te kako doprineli da Amerika bude ono shto je danas.

Ниси ти мене разумела.
Ја бих предложио следећем прецеднику да се лепо извине црнцима и све их о државном трошку врати тамо одакле су на силу доведени. То би било поштено и тако би се Америка искупила. Јер, колико сам ја разумео проблем, тим црнцима је главна препрека то што су толико експлоатисани, да немају пара ни за карту за назад, у постојбину. Миссим, мало ми глупо и нелогично кад кажу за себе да су Афроамериканци - некако је то шизофрено, јел' да? Треба људима помоћи.
И да им по угледу на совјетску Србију свакоме да по 200 € за годину робовског стажа.

Koja bese africka drzava napravljena od povratnika iz USA? Nigerija?

Liberija. Uzas. Genocidni uzas.

E da, oni. Eto rezultata.

E sad Slawene ti ne razumesh tematiku. Ovamo kad se neko makar i ilegalno zadrzao vishe od 2 godine smatra se da se on adaptirao na novu sredinu i da vishe ne spada tamo odakle je doshao. Ti bi da vracash neznam vec koju generaciju...

Не бих ја да враћам, већ да их спасем експлоатације у туђини.
Да им учиним...

Oni su u toj tudjini STEKLI odredjena prava...i koriste ih...
Imaju pravo da se secaju odakle su njihovi pretci dovedeni. Jednog dana ce da traze i kompenzaciju. Taj dan nije daleko jer ce USA postati vecinski "crna" ( ili raznobojna) u vrlo skoroj buducnosti :mrgreen:

Јеботе, ВБО, па ти ме сад зајебаваш. Та УСофА је бре тамница народа, особито оног са црну кожу.
У праву си, и у прдекани се стекну одређена права. И ако је неко био неправедно затворен, припада му "компензација" чим изађе из затвора. Све то стоји.

Али је ваљда прво и основно да из сламера изиђеш, зар не?

Ослободимо заточену браћу црнце! Врнимо их све ђутуре у несврстану и слободну Африку!

Ne mogu da kazem da sam narochito informisana o pravom zivotu crnaca u USI jer se to ni po jednoj osnovi ne moze meriti sa polozajem Aboridzina ovde.
Medjutim chini mi se ti si josh manje informisan...Mozda ne gledamo iste filmove :mrgreen: