New York Times: “Why well-off black families end up living in poorer areas than white families with similar or even lower incomes.”
* Why life is just so very hard for wealthy, upwardly mobile blacks. They are still victims!
* The terms “wealthy” and “affluent” are intentionally misleading so the writer can tell us about the screwed up finances of black professionals without worrying about a backlash. Nearly all of the families have housing issues with at least one having had a foreclosure.
The St. Louis Federal Reserve released a report showing that black and Hispanic college graduates have a high debt to income ratio, and have seen a negative change in net worth and income over a 20 year period. Home ownership has never been a source of wealth for blacks on average.
* That article was very biased, unbalanced and quite puerile. The NYT seems to be really poor journalism.
* I agree, it was a mess of a report. Much fluff and stuff pulled together that did not satisfy the supposed premise of the article. If the families profiled merited being part of some news report it would be a look at various housing issues in Milwaukee, in which race played perhaps some part.
The mention of car break-ins made me laugh. I live in a comfortable part of a major West Coast city and car break-ins in this neighborhood (and all over the city) are off the wall. Also too many street robberies with a gun in use, and too many home break-ins, “hot prowls” and too great an incidence of home invasion.
