The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide (PDF)

alwaysbewoke:

alwaysbewoke:

Home Ownership
The number of years families owned their homes was the largest predictor of the gap in wealth growth by race (Figure 2). Residential segregation by government design has a long legacy in this country and underpins many of the challenges African-American families face in buying homes and increasing equity. There are several reasons why home equity rises so much more for whites than African-Americans: 

  • Because residential segregation artificially lowers demand, placing a forced ceiling on home equity for African Americans who own homes in non-white neighborhoods
  • Because whites are far more able to give inheritances or family assistance for down payments due to historical wealth accumulation, white families buy homes and start acquiring equity an average eight years earlier than black families
  • Because whites are far more able to give family financial assistance, larger up-front payments by white homeowners lower interest rates and lending costs; and
  • Due to historic differences in access to credit, typically lower incomes, and factors such as residential segregation, the homeownership rate for white families is 28.4 percent higher than the homeownership rate for black families

Homes are the largest investment that most American families make and by far the biggest item in their wealth portfolio. Homeownership is an even greater part of wealth composition for black families, amounting to 53 percent of wealth for blacks and 39 percent for whites. Yet, for many years, redlining, discriminatory mortgage-lending  practices, lack of access to credit, and lower incomes have blocked the homeownership path for AfricanAmericans while creating and reinforcing communities segregated by race. African-Americans, therefore, are more recent homeowners and more likely to have high-risk mortgages, hence they are more vulnerable to foreclosure and volatile housing prices

Employment
Not surprisingly, increases in income are a major source of wealth accumulation for many US families. However, income gains for whites and African-Americans have a very different impact on wealth. At the respective wealth medians, every dollar increase in average income over the 25-year study period added $5.19 wealth for white households while the same income gain only added 69 cents of wealth for African American households.

The dramatic difference in wealth accumulation from similar income gains has its roots in long-standing patterns of discrimination in hiring, training, promoting, and access to benefits that have made it much harder for African Americans to save and build assets. Due to discriminatory factors, black workers predominate in fields that are least likely to have employer-based retirement plans and other benefits, such as administration and support and food services. As a result, wealth in black families tends to be close to what is needed to cover emergency savings while wealth in white families is well beyond the emergency threshold and can be saved or invested more readily.

Inherentance
Most Americans inherit very little or no money, but among the families followed for 25 years whites were five times more likely to inherit than African-Americans (36 percent to 7 percent, respectively). Among those receiving an inheritance, whites received about ten times more wealth than African-Americans. Our findings show that inheritances converted to wealth more readily for white than black families: each inherited dollar contributed to 91 cents of wealth for white families compared with 20 cents for African-American families. Inheritance is more likely to add wealth to the considerably larger portfolio whites start out with since blacks, as discussed above, typically need to reserve their wealth for emergency savings.

College Education
In the 21st century, obtaining a college degree is vital to economic success and translates into substantially greater lifetime income and wealth. Education is supposed to be the great equalizer, but current research tells a different story. The achievement and college completion gaps are growing, as family financial resources like income and wealth appear to be large predictors of educational success. While current research identifies a narrowing black-white achievement gap, race and class intersect to widen the educational opportunity deficit at a time when workers without higher-level skills are increasingly likely to languish in the job market.

College readiness is greatly dependent on quality K - 12 education. As a result of neighborhood segregation, lower-income students—especially students of color—are too often isolated and concentrated in lower-quality schools. Neighborhoods have grown more segregated, leaving lower-income students—especially students of color—isolated and concentrated in lower-quality schools, and less academically prepared both to enter and complete college. Further, costs at public universities have risen 60 percent in the past two decades, with many low-income and students of color forced to hold down jobs rather than attend college full time and graduating in deep debt. Average student debt for the class of 2011 was $26,600. Student debt is an issue that affects most graduates, but black graduates are far more vulnerable: 80 percent of black students graduate with debt compared with 64 percent of white students. More blacks than whites do not finish their undergraduate studies because financial considerations force them to leave school and earn a steady income to support themselves and their families.

The context of broad class and race educational inequity helps us better understand why a college education produces more wealth for white than black households, accounting for a 5 percent share of the widening racial wealth gap. In the past 30 years, the gap between students from low- and high-income families who earn bachelor’s degrees has grown from 31 percent to 45 percent. Although both groups are completing college at higher rates today, affluent students (predominantly white) improved much more, widening their already sizable lead. In 1972, upper-income Americans spent five times as much per child on college as low-income families. By 2007, the difference in spending between the two groups had grown to nine to one; upper-income families more than doubled how much they spent on each child, while spending by low-income families grew by just 20 percent.

this post isn’t meant to discourage but to inform. often when we talk about the racial wealth gap, racists come out of the woodwork with their bullshit about black people being lazy and not wanting it enough. straight bullshit. the truth is that the society that whites have constructed has within it institutional racist mechanisms created for our oppression and destruction. nevertheless, black people are fighting every day to make it and we are making strides daily. 

stay strong my people. the problem is NOT you, it’s 100% them.

#staywoke

UPDATE! BECAUSE OF THE ABOVE…

A Black household would have to work 228 years to accumulate $656,000, the average amount of wealth held by a typical white household

For all the talk about income inequality, wealth inequality may be hurting you even more, especially if you’re a person of color.

That’s because the wealth gap, which looks at a person’s total net worth, is much wider than the gap between the annual incomes of the richest and poorest Americans — and may have more lasting ramifications.

Through the lens of race, the numbers are particularly striking.

In the current economic climate, and if present trends continue, a black household would have to work 228 years to accumulate $656,000, the average amount of wealth held by a typical white household, according to a new paper from the Institute of Policy Studies and the Corporation for Enterprise Development.

Latino families would need 84 years to amass the same volume of wealth, the study found.

Alas, even as the United States grows more racially diverse, the gaps are projected to get worse: By the year 2043, the researchers behind the study estimate that the wealth gap between white and black families will have doubled.

One main culprit is differences in rates of homeownership, the study found, which is important because roughly 63% of middle-class wealth is invested in houses and apartments.

As the Nation points out, the Fair Housing Act, which finally made it illegal for landlords, builders, and lenders to discriminate based on race, wasn’t passed until 1968, after black families had already missed out on decades of growth. Therefore the consequences of government sanctioned “red-lining” — denying black families access to desirable neighborhoods — continue to endure to the present.

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FRUSTRATING AS FUCK!!! 

and if you think electing a republican or democrat to the presidency is going to change this, you’re fucking kidding yourself. this is going to require deep restructuring. 

(via alwaysbewoke)

alwaysbewoke:
“ sinjia:
“ alwaysbewoke:
“  dickslapthestate:
“ ranting-rose:
“ ittybittykittykisses:
“ ranting-rose:
“ vgcgraveyard:
“ caitallolovesyou:
“ friendly-neighborhood-patriarch:
“ lazyhat:
“ I was pretty skeptical about the figures, since...

alwaysbewoke:

sinjia:

alwaysbewoke:

dickslapthestate:

ranting-rose:

ittybittykittykisses:

ranting-rose:

vgcgraveyard:

caitallolovesyou:

friendly-neighborhood-patriarch:

lazyhat:

I was pretty skeptical about the figures, since they contradict what I usually hear on the media, so I did a little research. Here’s what I found: 
(Sorry this is so US centric) 
(I’ll also try to stay close to primary sources as possible)

(http://www.cdc.gov/mmwr/preview/mmwrhtml/ss6308a1.htm?s_cid=ss6308a1_e)

- the 12 months before taking the survey, an estimated 4.0% of women experienced some form of physical violence by an intimate partner
-an estimated 14.2% of women experienced some form of psychological aggression in the 12 months preceding the survey.
-*4,774,000 women have been victims of physical violence by intimate partner in the 12 months preceding the survey
-*17,091,000 women have been victims of psychological aggression by intimate partner in the 12 months preceding the survey

- the 12 months before taking the survey, an estimated 4.8% of men experienced some form of physical violence by an intimate partner
-an estimated 18.0% of men experienced some form of psychological aggression in the 12 months preceding the survey.
-*5,452,000 men have been victims of physical violence by intimate partner in the 12 months preceding the survey
-*20,471,000 men have been victims of psychological aggression by intimate partner in the 12 months preceding the survey

*Table 6

By the data presented by the Center for Disease Control, out of the estimate of 10,226,000 yearly victims of intimate partner violence, 53.3% of victims where male and 46.6% were female. As for psychological aggression, out of the estimate of 37,562,000 yearly victims, 54.4% were male and 45.5% were female. These statistics would support the claim made in the bottom left.

Now I couldn’t find a primary source for the 70% of DV is initiated by women, but here’s the facts that I found, which may have been interpreted by the people who made this poster:

(http://www.huffingtonpost.com/glenn-sacks/researcher-says-womens-in_b_222746.html)
-Women who were in a battered women’s shelter, 67% of the women reported severe violence toward their partner in the past year.

This can be interpreted as “67% of violent couples with IPV is mutual”. But then again, primary sources and full data would be helpful to back up this claim.

But the one that is most interesting is:(http://psychnews.psychiatryonline.org/newsArticle.aspx?articleid=111137)(Another report analysis from the CDC)

-23.9% of relationships are violent
-50.3% of IPV is non-reciprocal and 49.7% is reciprocal (Reciprocal IPV= Mutual violence)
-70.7% of non-reciprocal IPV is initiated by women. 

So summing up the numbers, it’s not that 70% of all DV is initiated by women, its that 70% of non-reciprocal DV is initiated by women. To go further would say that 49.7% of DV is mutual, 36.2% of DV is initiated by women, and 14.5% of DV is initiated by men

Male victims of domestic violence are real. They are hurting. And they often don’t get the attention and compassion they so urgently deserve and need.

Have a heart. Open your mind, and give a care.

Hm. These numbers are all so different to anything I’ve seen before. I’m reblogging and liking this both for my own reference and to spread these numbers to others. I’m definitely gonna look into this and see if I can find more sources and more information.

Mother fuckers can we all just say let’s not be dicks to our fucking love ones already?

Tagging this for my speech project that I need the sources for

Here are 221 studies on IPV / DV for y’all.

You are a life saver.

That list is good, but outdated.  I e-mailed the researcher who compiled that list a couple weeks ago and he gave me three different documents.  I uploaded them to this dropbox folder. You can go there and download them.

The list of studies is now up to 343 scholarly investigations (270 empirical studies and 73 reviews). Not only did he send me that list, but he also sent me two meta-studies (also in the dropbox folder).  One is on male/female perpetration rates and the other is on male/female victimization rates. 

There is also “Rates of Bi-directional versus Uni-directional Intimate Partner Violence Across Samples, Sexual Orientations, and Race/Ethnicities: A Comprehensive Review“.  It’s a mouthful to be sure. Basically this study took the data from 48 other empirical studies, collated the data, placed it online for public viewing, submitted it for peer review, and was found to be accurate. 

It’s findings basically wind down to this:

  • 84% of relationships are non-violent
  • 58% of relationships that are violent, both partners abuse the other.
  • 28% of violent relationships only the woman is violent
  • 14% of violent relationships only the man is violent.

This is featured Partner Abuse State of Knowledge Project website and is part of a much larger DV research project.  You can read the summarized findings here or take a gander at the full 61-page review.  This is a compilation of the research of Erin Pizzey, Murray Strauss, Don Dutton, and many others who are challenging the feminist model of patriarchal dominance. They also have some videos that are very informative as well.

Murray Strauss also compiled: Thirty Years of Denying the Evidence on Gender Symmetry in Partner Violence: Implications for Prevention and Treatment A report detailing the existence of over 200 studies showing gender symmetry in victimization rates. Studies that show symmetry going as far back as 1975.  He also examines the methods feminist researchers have used to suppress the evidence from public discourse, hence the title “Thirty Years of Denying the Evidence”.

Two other excellent and brief videos on the topic come from the MenAreGood YouTube channel:

Male Victims of Domestic Violence - The Hidden Story

Bias Against Men and Boys in Mental Health Research

I really need to write up a solo reference post for domestic violence data…


so what do we have here? what i’ve been saying forever. women as initiators of domestic violence is one of the biggest, closely guarded secret around. we literally had female FEMINIST researchers hiding evidence. FEMINISTS!! but i’m the bad guy for stating that feminism is filled with man hatred. what would you say of men of who information about abuse women and thus allowed the abuse to continue? YOU FUCKING KNOW EXACTLY WHAT YOU’D SAY!!

am i surprised by the research? no fucking way. we don’t teach women in society to not hit men. we only teach men to not hit women. for little boys on up we are shamed if we even defend ourselves if little girls hit us BUT NOT ONE TIME HAVE I EVER HEARD OR SEEN ANY PARENT TEACHING THEIR LITTLE OR DAUGHTER THAT THEY SHOULD NOT HIT MEN!! we always make excuses for it. “she was emotional” “he said…” “he did…” “he had it coming…” and more. this research is fantastic but let’s be honest, this post isn’t going to get many reblogs at all because most of y'all are married to the idea that women are angels and men are devils. women have no agency and are always victims of men. that only men hit and women never hit. only men can be abusers and women can never be abusers. no amount of research is going to change your minds. men have done some evil shit but i so sick and tired of this narrative that women are just innocent, perfect deities.

IF SHE HITS YOU ONCE, LEAVE HER ASS QUICK!!! IF SHE DID IT ONCE, SHE’LL FUCKING DO IT AGAIN!! GUARANTEED.

and one more thing, FUCK FEMINISM. hiding empirical data but standing on your high horse preaching gender equality?! fuck feminism. so fucking glad i ceased to be a fucking feminist years ago. eye wide fucking open now.

Thank you @alwaysbewoke !!! And did you know that there are feminists on here sending hate mail just because you don’t agree with them? It’s fucking sad, but I’m so happy that you said this. It lets me know that I’m not the only one realizing the shady bullshit that they preach but never practice themselves.

i’ve only known one feminist who was on the right side of this issue and she was so because she works in the domestic violence field as a counselor. she told me she sees it all the time. men get hit, have things thrown at them, women come at them with knives, scratches on their faces and everything and yet we never talk about it. never. the only people who we pounce on for dv are men. we never ever talk about women. never ever. and if you do, you get shouted down. fuck all that.

this is why many men when they hear “feminism” they think “ok that means i get to hit back now.” because we’re tired of the bullshit. we’re tired of women getting away with hitting because society AND FEMINISM tells them it’s fine. it’s okay. they’re allowed. feminism PROTECTS FEMALE ABUSERS ALL DAY!! my goodness. to hide evidence as a researcher is akin to a crime. the ripple affect of that shit is fucking insane. however let them tell it, it’s a problem with men that we think feminism has a man hatred problem. yea the problem is with us because feminism is perfect. feminism ain’t never do no shit, no wrong ever. srsly fuck feminism. fuck it to the depths of hell.

this is why i tell people, dealing with only ONE half of a problem will only allow the problem to continue to exist. it doesn’t change shit. if anything it makes things worse.

racist, sexist feminism. fuck off. i spit on feminism every fucking chance i get. first they fuck over black women (and black men) and then they fuck over men with this type of bullshit. i refuse to align myself with that fuckery. i can help black women much better without it. i don’t need to be a part of something that hates me both as a man and as a black person to help sistas get equal pay and shit. fuckouttahere.

that’s why i call out all these people still posting pics and riding for solange knowles. imagine if i was posting pics and niceties for ray rice. but when women do some violent bullshit, we stay given them a pass smfh. 

(via alwaysbewoke)

tabon3ou5lex:

alwaysbewoke:

l-exxquisitedouleur:

HE! IS! SO! DONE!

“Resolution of the oppressor-oppressed contradiction indeed implies the disappearance of the oppressors as a dominant class. However, the restraints imposed by the former oppressed on their oppressors, so that the latter cannot reassume their former position, do not constitute oppression. An act is oppressive only when it prevents people from being more fully human. Accordingly, these necessary restraints do not in themselves signify that yesterday’s oppressed have become today’s oppressors. Acts which prevent the restoration of the oppressive regime cannot be compared with those which create and maintain it, cannot be compared with those by which a few men and women deny the majority their right to be human.” - Paulo Freire

those scholarships were put in place BECAUSE minorities as a whole, but mostly black people, weren’t being given scholarships even when they were 100% worthy of said scholarships. even when blacks, asians, hispanics and native americans were kicking ass with their grades, scholarships were still overwhelmingly going to white people. even some who had much poorer grades. and shall we discuss the looooooooooooong history of blacks NOT being welcomed or even allowed to attend many schools (including universities and colleges) because of their race? shall we also discuss how whites segregated blacks into certain areas and then via the government and private businesses divested from those neighborhoods? thus creating a poverty in those neighborhoods, which resulted in, among other things, underfunded schools, bad teachers, horrible school facilities, out of date textbooks and worse. they created a climate that fostered bad education, bad educational choices and a horrible educational experience  and then blamed black people as “not smart,” “not highly educated” and “not valuing education.” then they top it off by making the requirements for some scholarships so high that you’re only getting them if you have not only a great school to go to but also the money to have private tutors. in other words, they stacked the deck against non-white people and then blamed us for it.

so yea, there are scholarships just for blacks, asians, hispanics and otherwise. if you don’t like it, BLAME YOUR ANCESTORS!! BLAME YOUR GRANDEMOTHER AND GRANDFATHER!! BLAME YOUR MOM AND DAD! they created the climate and a country that made such tools necessary. not black people. not asian people. not hispanic people. not native americans. WHITE PEOPLE. and if we removed those scholarships, you know what would happen? we would default back to the way things were. don’t you doubt that for a second. in this country, WHITE is the default. WHITENESS is the default position for everything. without this tools to keep whiteness at bay, whiteness would return to its oppressive position. shit, whiteness is bad enough even with these tools in place.

When I heard “I’m being discriminated against”

image

(via alwaysbewoke)


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