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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'Being Black and degreed will not close the racial wealth gap because individual actions can only do so much to counteract 400 years of systemic racial oppression,' writes BlkGrlBrilliant

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citi nabs Merrill Lynch exec as it ramps up wealth management business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is some predicted stock pricing for OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀 Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »

Biden's tax plan won't raise many Americans' taxes, unless you're rich - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bullshit Motley fool article on OpenLearning=ASX$OLL🚀 OpenLearning=ASX$OLL Half year results🚀🚀🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »

Planet Money's Adam Davidson: 'passion economy' business is the future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you want to take your website to the first page of Google contact now
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dishoom's cofounder Shamil Thakrar: Four lessons to business success - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

8 essential steps founders must take when writing a business plan - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 1- I will take it all 2- I will take it all 3- I will take it all 4- I will take it all 5- I will take it all 6- I will take it all 7- I will take it all 8- I will take it all 😅😇 Or we can always leave it to the pros, with some personal input.
Source: BusinessInsider - 🏆 729. / 51 Read more »