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| Study finds median wealth for single black women at $5 |
| 2010-03-12 |
| 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, 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. 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." |
| Posted by:Nimble Spemble |
| #20 "Social Justice" circles When I hear the words 'social justice', I release the safety on my Browning. |
| Posted by: SteveS 2010-03-12 22:01 |
| #19 "government knows how to build wealth" Bullshit. The gummint knows how to steal wealth. |
| Posted by: Barbara Skolaut 2010-03-12 19:56 |
| #18 With a few outliers ... |
| Posted by: DMFD 2010-03-12 19:23 |
| #17 "$5.0" > Whoa, is this for real!? Jeebus, I gotta wonder how much less this US$5.0 will be worth iff US Debt rises to 90% [or more?] of US GDP come Year 2020 as MSM-NET Perts are claiming. IIUC, THIS STUDY IS SAYING AFRICAN-AMER FEMALES ARE WORTH US$5.0 BEFORE THE BAMMER STIMULUS' GETS TO KICK IN??? Once again, YEAR 2010 proves to be a GOOD/BANNER YEAR FOR "FROM LEFT FIELD", + of course POPCORN FUTURES. |
| Posted by: JosephMendiola 2010-03-12 18:56 |
| #16 Just watched an interview with Ms. Meizhu Lui and her cohort. When asked what might be a solution to this issue her first response (surprise, surprise) was to repeal the Bush tax cuts and offer earned income tax credits to these poor women. Of course, the population she refers to receives more in government subsidies then revenue they contribute. In other words, they don’t pay any taxes to start with. She clearly understands the absurdity of it all but that really doesn’t matter these folks. You see, in the “Social Justice” circles closing the income gap can’t be exclusively about raising the bottom. It must always include siphoning revenue from above. But what’s really important is you have to talk a good game. What was it then candidate Obama called this? Oh yeah…spread the wealth baby… spread the wealth. |
| Posted by: DepotGuy 2010-03-12 17:27 |
| #15 Didn't get the Obama dollars; instead a bunch of empty promises in exchange for your vote. |
| Posted by: JohnQC 2010-03-12 16:28 |
| #14 My study finds this study to be full of sh!t. Officially. |
| Posted by: Parabellum 2010-03-12 15:58 |
| #13 70 percent of African-American families are headed by single women. Problem #1 - the baby daddy doesn't stick around. Of course, the welfare payout levels are higher for single moms, but that couldn't have anything to do with it, could it? |
| Posted by: mojo 2010-03-12 14:33 |
| #12 And the median contribution to society in that group is worth how much? |
| Posted by: Hellfish 2010-03-12 14:18 |
| #11 I blame...THE MAN!!! |
| Posted by: tu3031 2010-03-12 13:23 |
| #10 Try this link |
| Posted by: tipper 2010-03-12 13:21 |
| #9 But I thought Obama was going to provide gas and pay the rent! |
| Posted by: tipper 2010-03-12 13:17 |
| #8 Bullshit. Yet another report to compart-mentalize and hold government as absolute authority. Behold social engineering - atrophy of value and education. Rule by lowest common denominator, what a base concept. It is sad to see people who dedicate their entire lives, and whose existance and ability to decerne take such a low road to view the human spirit. If it were an amusement park, they would be the person who talks loudly for 15 minutes, loudly, explaining why they are going to take the chickenshit exit, then exclaim, "Who's coming with me!?" (sic) |
| Posted by: swksvolFF 2010-03-12 11:42 |
| #7 While few would argue that hard work is not a contributing factor to wealth creation, and a potentially significant one at that, Ms. Lui seems oblivious (like most well-intentioned liberals) to the simple fact that wealth is not based entirely on hard work. As for looking at the situation and seeing what we need, did it ever occur to Ms. Lui that what we need is LESS government and MORE personal responsibility? |
| Posted by: eltoroverde 2010-03-12 09:59 |
| #6 Do not blame the chowder. Blame the cook who has been simmering the chowder for generations. |
| Posted by: Besoeker 2010-03-12 09:54 |
| #5 Why do blacks in America refuse to leave the plantation, voluntarily locking their own shackles? |
| Posted by: Beldar Threreling9726 2010-03-12 09:25 |
| #4 government knows how to build wealth That is a fundamental error. Government created nothing, the only thing it can do directly with wealth is can do is take it or destroy it via taxes and regulation, or reduce the generation of wealth by the same measures. The government can no more build wealth than it can tax its way to prosperity. At best, governments can only enable the conditions for wealth, citizens and businesses actually create it. Ms Lui is an idiot. And an ignorant idiot at that. In a possibly related study, the highest rate of genital herpes in an ethnic groups is among black females. The infection rate is approximately 48%. Its the culture. Black women are being trained by the so-called black culture to accept the role of a whore, to become paid wards of the government that serve as nothing more than a piece of sexual facility, nothing more. They have become no better than a slave that's being sexually used by its master. The left has no shame in perpetuating this, since it generates more bloc votes who will rear more voting slaves for them. |
| Posted by: Beldar Threreling9726 2010-03-12 09:24 |
| #3 Two Words: "Baby daddy". Its the culture, stupid. |
| Posted by: Beldar Threreling9726 2010-03-12 09:13 |
| #2 rather than try to fix the culture that accepts single women as parental role model with black men uninvolved besides providing seed, they continue the disaster. |
| Posted by: Frank G 2010-03-12 08:44 |
| #1 This is not the Onion? Guess we've found where the Climate experts are migrating to after their current data scam is falling apart. The reasons behind the daunting financial challenges black women face are numerous and complex. No more complex than for most all causes of poverty - substance abuse, creating kids before one has the skills to generate sustainable income or find a reliable provider, zombie one's time in school, keeping to the old ways. All of which are founded upon 'human free will' and individual choices, something no government assistance program or redistribution can help. The recession has hit single mothers especially hard. Followed immediately by High unemployment and high incarceration rates for black men. I guess being black male and unemployed or incarcerated doesn't qualify as 'especially hard'. I guess the author believes it's more of a natural condition. YJCMTSU. |
| Posted by: Procopius2k 2010-03-12 08:28 |