Degrees matter for Black Americans, though the wealth gap remains wide - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The importance of higher education was not lost on me as the child of educators. In my family of five, we have three doctorates, a law degree, four master's degrees, and five bachelor's degrees.

Though higher education is not the "great equalizer" and cannot close the racial wealth gap, it's still an essential tool for Black Americans to achieve upward mobility and give back to our communities.I was raised by educators. Growing up, my father, a history professor, would regale us with triumphant tales of escaping poverty in his youth. After applying to the University of the West Indies five times, and gaining admission with each application, he was only able to enroll after he won a scholarship. Otherwise, he simply could not afford to go. In the meantime, he taught at a local high school. Once my father completed his first degree, he earned a fellowship to complete a PhD in the US.

, the net worth of the median Black household was $17,150, while that of the median white household was $171,000. In other words, for African Americans to achieve wealth parity with white Americans, Black people would need to generate 10 times as much wealth as we currently have overnight, while white people's wealth remained stagnant. This is an entirely impossible feat and an unreasonable expectation that shifts the responsibility for overcoming racial oppression to those it victimizes.

BlkGrlBrilliant First problem of this article. Is that statistics show black people are on average more likely to own an expensive car and jewelry. So if you spend your money instead of saving it. You don't really accumulate wealth do you...... In a sense, their black pride is in their way.

BlkGrlBrilliant as negative as racism, negative people enjoy the negative staff they say/perform

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