Black Education / Schools : Black College Households Lost Half Their Wealth Despite Degrees

Discussion in 'Black Education / Schools' started by RAPTOR, Aug 24, 2015.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    by Glen Ford

    A new study by the Federal Reserve Bank of St. Louis finds that the wealth of Black families headed
    by college graduates diminished dramatically between 1992 and 2013. There were three recessions
    over that time period, but despite the downturns the median net worth, or wealth, of white households
    headed by a college graduate increased by 86 percent. For Asian college families, the rise in net worth
    was even more dramatic over the two decades; their wealth went up nearly 90 percent. But, Black
    families in which the head of household held a college degree saw their net worth drop by more than
    half: 56 percent, when adjusted for inflation. In other words, three recessions in 20 years didn’t stop
    whites and Asian American college graduates from steadily increasing their family wealth, while Black
    college families saw a steady erosion of their economic status. Hispanic households headed by college
    graduates lost a catastrophic 72 percent of their wealth in the last recession, alone, largely because
    they were even more heavily invested in housing than their Black counterparts.

    Read more: http://www.blackagendareport.com/black_college_household_wealth
     
  2. Black Phoenix

    Black Phoenix Well-Known Member MEMBER

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    Yet, people will say that we're making excuses despite the hard data.
     
  3. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    Yeah.
    Well simply ask them to brandish data that substantiates their position.
    But to your point, I'd have to wonder why this prof. in particular would
    make such an excuse?:
     
  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    any solution short of revolution?
     
  5. Bootzey

    Bootzey Well-Known Member MEMBER

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    why do you have so much angst for college educated Black folks?
     
  6. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    Have no idea as what gave you that impression.
    Nothing in the article nor the professor's report
    implies that in any way.

    Such accusation is way off.
     
  7. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    I think the prof. made some interesting suggestions
    with regard to a "solution".
     
  8. Bootzey

    Bootzey Well-Known Member MEMBER

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    Last week you posted about does college teach you to think
     
  9. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    read it twice, didn't see solutions. what were they?
     
  10. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    Pardon me,
    I meant the video.
     
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