Wealth gap widens

Discussion in 'Politics' started by Chris, Jul 26, 2011.

  1. Chris
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    Chris Gold Member

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    The wealth gap between whites and minorities has risen to a historic high, according to new census data analyzed by the Pew Research Center, as the collapse of housing prices more severely affected the net worth of African American and Hispanic households.

    The report, which was to be released Tuesday, shows that the recession wreaked havoc on the wealth of all Americans but that whites lost the least amount as a percentage of their holdings.

    Between 2005 and 2009, the median net worth of Hispanic households dropped by 66 percent and that of black households fell by 53 percent, according to the report. In contrast, the median net worth of white households dropped by only 16 percent.

    The median net worth of a white family now stands at 20 times that of a black family and 18 times that of a Hispanic family — roughly twice the gap that existed before the recession and the biggest gap since data began being collected in 1984.

    Wealth gap widens between whites, minorities, report says - The Washington Post
     
  2. GWV5903
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    GWV5903 Gold Member

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    Dam, we missed it again, it's all about racism, thanks Chris....:cuckoo:....you're so good to let us know how everything we do is racist...
     
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  3. Mr. H.
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    Mr. H. Diamond Member

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    There have been several times in my life where I was worse off financially than any given minority group. Did I bitch and whine like a little schoolgirl? Fuck no I got off my ass and did what I had to do- and I did it within the framework of the law and performed my activities according to IRS regulations.
     
  4. ba1614
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    ba1614 Silver Member

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    What he's saying is that blacks and hispanics need the dems to look after them because they are too fuckin' stupid to make wise decisions for themselves.
     
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  5. initforme
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    initforme VIP Member

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    Not to mention the wealth gap is widening between the ultra wealthy and the average middle class worker. But some would say that we should keep protecting the wealthy. I say they dont need ANY more protection or do we stand by them.
     
  6. Chris
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    Chris Gold Member

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    Who said anything about racism?

    By the way, how's the weather down there?
     
  7. Gadawg73
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    Gadawg73 Gold Member

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    Why is the fact that the wealth gap is widening a surprise to folks?
    More and more people are seeking and receiving disability than ever before. More than half of the folks turning 62 are taking social security and entitlement spending is at an all time high.
    Why work when government sends you a check? Over 70 million Americans now receive a government check. And growing. 24% of the population.
    Those of us THAT FUCKING WORK are getting wealthier. Imagine that. Getting wealthier than those that do not work.
    Only a complete dumb ass has trouble figuring this one out.
     
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  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    The more people are making money, the better the economy. We want people to be making more money. It means the economy is growing.
     
  9. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    And this is thread-worthy why?

    The GOP strategy is working exactly as planned, nothing new here.
     
  10. Gadawg73
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    Gadawg73 Gold Member

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    Wealth is EARNED, not redistributed.
    If one wants wealth, GO EARN IT.
    No cry babies.
     

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