It needs to be said & thanks for having the courage to say it. I've had a tough time trying to get mostly single moms in their 40s and up to plan for retirement. They'll blow money on all kinds of stuff, but the discipline to consistently put money in the 401, it's like a battle. Some have 401s with employer matching up to a certain amount and they'll invest, but then take it out to get an suv (huge penalty!!). I can't get them to even go online & check est monthly social security benefits because they want to enjoy the denial. It's insane.
Not only that, but expect the government to give them lots of benefits, even if it means the destruction of the country(if not the world) in the process.
Children out of wedlock. A mother raising kids alone. Less income. No father figures keeping teenage sons in check. Not reading enouph books. Droping out of high school. Victim mentality. Idols in sports and music instead of entrepreneurs. Nigerians coming to the states are doing really well. Hope the problems can be solved.
Yep the Black poverty rate for Married households is 7 percent almost the same as Whites of 5 percent. The Single Black Female households it's 38 percent. Racism is a crutch of excuses for the 80 percent out of wedlock births in the innercities. Last time I checked KKK ain't crashing or keeping Black folks from getting married before having children. It's the Government that they're choosing to marry!
What this video said was absolutely factual and some of of the things that you have mentioned are affecting black people as well but those are off topic. I cannot amuse white conservative talking points speaking for black people, it'll end in disaster.
The day when black people stop listening to Rap/Hiphop, stop begging for assistance from the govt, stop being lazy, stop spending on shit they can’t afford, start reading, start going to school, start speaking more properly, start working hard, start taking responsibilities for their own actions is the day black people are out of poverty. And that day will never come!
@@shadowsmith1386 yeah but jealousy comes from any one coming from poor situations watching another person rise out. Not just black any poor area any race people get jealous lol.
There are two main reasons. Many Black children grow up in Fatherless homes and don't get taught the right discipline and also the black community in poorer areas do not value the education system.
As a Baltimore native, when I began to travel to thriving suburban black neighborhoods in Maryland such as Owings Mills and communities in Prince George’s county, my perspective shifted from black vs other races to rich vs poor.
I see your point. I don’t see it as black vs. other races. I also think that they slaved and still kill black people because of the color of their skin. A black person with money often get treated the same way walking down the street.
Not from B more but used to work in a wealthy pg county neighbourhood where some pro athletes built their parents home and it definitely changed my mindset.
I could be wrong but aren't many thriving black communities first generation black immigrants who came under differnt circumstances who typically have two parent households and no issues like crack epidemic.
I had worked at a University that only employed 2 black people, I thought it was because there weren't a lot of black people trying for positions there !!! I helped a black fellow to get a job there in the library, and he got hired he was showing up for a few weeks to do the job every day, then he stopped showing up, and people were asking where he was and I didn't know the answer, eventually they let him go !!! I don't know why he wasn't showing up it was a doable job, they put him in charge of student workers gave him an office !!!
All great reasons, however the main factor that seems to be very prevalent in black communities is the breakdown of the traditional family structure, all other communities that financially prosper still embrace and encourage strong conservative family units, meaning having two capable parents raising the next generation. The single mother epidemic is not helping to build a solid foundation of values and ethics that any community needs in on order to prosper. Fixing the breakdown of the family unit seems like the first step, how can individuals from broken homes think of starting businesses if they lack basic needs that a stabled family and community would provide? Great video, keep up the positive work.
@Large And in charge How it will help? Two parents have the double economic and acet resourses than one. 2 boys need a stable father figure in the home to become a real man. Not learn from some gangster rapper that promotes easy money, drugs and crime to get wealthy. And 3. Let go of wictim mentality.
I'm gonna make it real easy, #1 is the single parent home cause 2 incomes are greater than 1. 2 parents have a better chance at educating their kids than 1 cause some times you're just tired after work. Home ownership is the easiest way to build wealth and again 2 people paying a mortgage is better than 1.
The UK Economist You're wrong the problem is Black people spend too much money on name brand shoes and clothes instead of investing our money into our community but starting businesses. The family structure has nothing to do with that
Well, the reason why Black people don’t support Black-owned business restaurants is because they the restaurant foods are expensive! Who would want to spent more than $10 or more for just one meal?
Focus on reducing out of wedlock child birth, focus on building strong families, focus on education and skill development. Program your mind and turn away from current black culture.
i'm not black but i'll volunteer the fact that sometimes it's useful to look up to others for inspiration and ideas. the jews for instance have a culture that prioritises learning and studying, in addition to developing business acumen and always (and only) helping each other. the chinese are of a similar mindset. i know that it might seem boring to spend a saturday afternoon copped up behind a desk solving an endless amount of math problems or boning up on naval engineer books or coming up with a new sorting algorithm. but the point is that the people doing this actually find it fun. they're deriving as much if not more joy from this routine as someone who gets his kicks from his drug addiction, porn or tv.
I agree with you, I have a review of the book The Jewish Phenomenon on this channel. Check it out and let me know what you think. P.S. Reading is my passion.
I think the main problem would be a big rate of fatherless black households, atleast current day. Historically, we have been trapped into a cycle by racist policies, we got our reparations taken away, so we had to start from the ground up, and our most prosperous communities were destroyed by whites. don’t underestimate the fact that for 2 centuries, black people in this country have faced systemic oppression. This isn’t stemming from a victim mentality, it’s just the harsh reality, institutional racism still persists to this day.
Would you agree that another component is that the family nucleus does not exist? 2 parents that enforces structure and discipline with children who will then become very strong adults in building their businesses. Just a thought.
@@vanessatheurbantarotgoddes2192 really?. Blacks get all the benefit. Us indians and Asians never get any government education. It is our education, family and community which help us succed. Stop blaming, start owning up your own crap.
Parents are the ones responsible for the wellbeing of their children. By which we mean Mothers, of course, especially in the black community. As Fathers barely exist. But lets infer what you're saying here. That Mothers aren't responsible for "adverse childhood experiences" but ancient history is responsible for your "trauma" effectively? Lol.@@JBgoodiebag
This is actually true,I’ll be passing by Fulton ga and it looks like a third world country cause all the businesses are torn down,and there’s just ppl walking by.
@My Nameis the Hispanic race is making a change in their communities im black and is see Latinos that has ther own business and making a change they support each other
When you place your faith in a homeless Savior you will have this! We have to stop believing a man who couldn't save himself to be the solution to all issues in the community.
There is an article on line written by two MIT associates titled: "Why is Africa So Poor". It goes a long way towards explaining why Blacks in America are so poor. Daron Acemoglu and James A. Robinson wrote this fascinating perspective.
1. Get Married. Poverty in married households is only in the single digits. 2. DO NO HAVE CHILDREN OUT OF WEDLOCK. 3. Save money. When you talk about the white middle class what you are more specifically MARRIED WHITE FAMILES ,not broken homes.
@@bgandjsco1 fine those things are easy to say you're basically saying the black middle class should do what the white middle class should do here's the issue the white middle class isn't disenfranchised
@@Proactionary I'm not talking about the Black middle class. They're doing just fine. I'm talking about the Black generational poor that can't lift themselves out of poverty. Black Intellect, Author, Historian Thomas Sowell said. Almost all people have been conquered at one time or another. Most times the defeated learned from the Captors or conquerors. Two examples would be the Scotts and the Japanese. The Scotts conquered by the English, and the Japanese by America. Both immediately learned and incorporated ideas from their conquerors. Blacks said Sowell stubbornly refuse to change even when they know it's in their best intertest.
@@bgandjsco1 first of all the black middle class isn't doing fine black people in general are. Disenfranchised regardless of class plus I don't look up to Thomas sowell and as a collectivist I don't care other groups of people whether it be people of other foreign nationalities people of other ethnicities or people of other races and poor black people exist because of the economic factors that was created by the system
As a white woman I don't see black people as poor, it is how you spend your money, what investments you make. I have observed that the more educated people irrelevant of color, invest, CDs, meet with a good reputable ivestor for advice, start lowe, pay attention to stockmarket.
I live in a city where people think fucking backwards, when it comes to education, money, resources, etc. We dont keep no jobs, we dont finish no type of education, trade, etc., we spend more than what we bring home and we definitely dont know shit about whats going with our government local or state level. And when you from a cycle poverty, it keeps you damn in a mindset of poverty-stricken everyday thinking ass folks on a daily.
@@UrbanFinance Asians do hard work and try to save as possible as they can ....after that do invest properly ..... While black people rather spends more than their income and do no proper money management... Rather always complain about their past and discrimination ....I am not denying about discrimination and past problems but black people needs to move on and start focus on hard work and change in attitude.... Asian coming over there start from nothing only...So I am not trying to demean anyone and I respect every race and every human being ..but just wanted to suggest to change the attitude
@@neelkagathara8280 As someone who likes to study history, I can tell you that it's not the same (it's not even the same when considering black people coming from other countries), but nothing I say would convince you otherwise that's why I didn't try. If you're interested though, feel free to check out the various animated book reviews that I have done on this channel. I am sure you won't agree with the authors, but you seem like someone that might be interested in learning in general.
You sound very articulate in explaining some examples however , don't you think it's vital to talk about father figures don't exist and it's generational? I understand how historical set backs have hindered growth within black Americans....however there are thousands and thousands of very successful African Americans. I come from Italian Immigrant parents ... so family structure is vital. People in general have way too many kids than they can afford.
What is poverty? Why generalize. There are many blacks, who are really rich. But the video is an eye opener. Every black must read the book "Miseducation of Negroe" by Carter Woodson.
You forgot to mention our black communities are poor because we have loads of children without the proper socioeconomics set up to raise them in a way that will lead them to success aka many black folks grow up without fathers or money
I live in Philadelphia and I grew up in the hood ,I bought !y house 24 years ago and its almost paid for. Most of the guys my age own nothing but have expensive car payments and a closet of designer clothes looking to shack up with some unfortunate woman .sad
Just like you mentioned, we are giving too much of our time and money to White businesses. It's almost as if we work for them for free. We go to work for them, and they pay us, but what do we do with that money? Give it right back to them by buying up all of their products and services. Many of us invest in the stock market, but that only makes the wealth gap wider, because the vast majority of publicly-traded companies are owned by Whites. We own less than 1% of all publicly-traded companies. If this perpetuates, we will always be 100 steps behind them, and we will never grow economically.
Investing in the stock market doesnt make whites richer, it makes whomever invests richer. Maybe the company is run by a white CEO, but the shareholders, IE people who buy stocks, are the part owners of the company. If all companies were run by white CEOs but owned by black investors, black wealth would increase. Please overcome this idea and invest. Buy assets. IMO the black community buys liabilities thinking they are assets. Your car is not an asset, its a financial liability. The top 1%,, white or black, own assets and that's why they continue to get richer. Warren Buffet invested in BYD, a chinese company. He didnt care about color, only that they made him, a white male, richer. Black people are much much less likely to invest money. This increases the wealth gap.
@@Nighthawk30722 I understand what you're saying, but almost all of these companies that are currently on the stock market are owned and controlled by Whites. Yes, shareholders own a percentage of the company, but it's always a miniscule fraction of ownership. They still retain majority ownership. Name one Black majority-owned Fortune 500 company.
I disagree with the points in this video. Although they are very good points, the #1 reason that black people are so poor is because we don't have enough black nuclear families. Without family, each generation is forced to start over from scratch. Just my opinion.
Pity me, it's not the color, for mine are mixed, but Im going to train them in investing. Both love oney, and good life also willing to learn how to keep them money. You got to teach them to be smart.
Check out my other channel, RU-vid.com/Blackbooksanimated or my playlist on animated review on this channel ru-vid.com/group/PL1KzRwhcNMmG91SR6_NrDJustdyRebj_f - I discuss others reasons including the role the government played. Thanks for the comment.
In 2016, for example, the poverty rate for blacks was 22 percent, for whites was 11 percent, and for black married couples was 7.5 percent.4 Do racists care whether someone black is married or unmarried? If not, then why do married blacks escape poverty so much more often than other blacks, if racism is the main reason for black poverty Thomas Sowell My favorite quote from his book
I believe it begins from the mindset root; Black people/community need better role models, maybe former president Obama will be a good one, but definitely not the people in the NBA. Black kids paid too much attention to the NBA.
1. Stop talking about racism, and supporting criminals, there is a reason why police in US is so agressive, and so many black pepole in jail. 2. Educate 3. Cut from any social help (socalism is not working, and history showed that) (stop giving them money, for being lazy) 4. Educate about proper family and relationship. 5. Introduce to religion (religion is the best framework to create good pepole) 6. The last one and the most important for everyone - nationalize Federal reserve bank (or get rid of it.) I am not from US, I am Polish. I have been a few times in US, and the only way to see your problem is by hearing it from somone.
Im not religious and I think wanting to enfore religion over someone who isn't is just unjustified brainwash. Someone can choose to be ruled by some god or have a religion if they want to.
1. Racism is one of the leading social constructs in the entire world, not talking about it will not make it go away. Now it’s easy to say that it would as someone from Poland but if you were a black person you would see that. 2. Education is linked to how rich of an area you live in, black people GENERALLY live in poorer areas 3. Poor people need welfare to be able to survive as they are literally struggling 4. In a society that demonizes black people and sees them as undesirable why would black people stay together if they are told that each other isn’t desirable 5. Black people by far the most religious group in the world so introducing religion would literally not fix anything
The hood is poor because we’re the richest our energy is used against us to make others financially rich in the past we didn’t overly consume we only had what we needed and we’re much happier in those times
You’re video is misguided if you study the facts like I do. And it’s simple to see if you visit the Federal Reserve’s website as much as I do. So here’s the facts. As of the first quarter of 2021, white families had a total of 120.87 trillion dollars in total assets, while black families only had 6.68 trillion in assets. Out of that 120.87 trillion in white owned assets, private businesses only made up 11.52 trillion. That means small businesses only make up about 9.5% of the total assets of white families. You want to guess what makes up the majority of their wealth? You got it, stocks and real estate. White families had a total of 33.48 trillion in stocks and mutual fund shares, and 25.93 trillion in real estate assets. That means stocks/mutual fund shares make up about 28% of white wealth, and real estate makes up about 21% of their total wealth. The secret to success in this country has always been there, out in the open. It’s just not discussed enough in our community. It’s all about investing in the stock market and the real estate market. As long as the Federal Reserve continues to keep interest rates low, the stock market and the real estate market will continue to thrive. Even when they eventually start to increase rates, there will be a small correction, and then the markets will be off to the races again. I happen to be a black homeowner, who is also invested in the stock market, and I’ve seen my net worth go up quite noticeably in the last year. So I also speak from experience.
All your points are akin to rearranging chairs on a titanic, while they're all valid they are not the cause, all your problems start with fatherless homes. Keep blaming others for your problems, you're gonna go down with the ship.
Lets look at 2018 poverty rates without double speak like black/african American poverty 20.8 % compared to white people at 10.1% in 2018. Lets do some math on google. White people: 234,370,202.... At 10.1 percent is 23,671,390 in poverty. African american/ Black people: 37,144,530.of the population in 2018. Hey wait that's not much higher than whites in poverty.... Anyway... 20.8% for colored people like me. 7,726,062. Gotta remember its a minority and by alot. And I see just as as many white homeless people as black ones and members of both races largely ignore those people even if its there own race or ethnicity. But white people need to cater to us and care why when they mostly just do what everyone else does and only really worries about family and friends... Hmmm thats messed up.
I have a more cultural approach to the situation because you don't need your own business to be a success or financially empowered. Non-Black people get married, study STEM (Especially Asian Men and Women), live off one income, invest in stocks and real estate, live below their means. The culture is all f up you got a lot of bw saying they don't need a man and a lot of bm simply giving up. My is a Accountant for state government and my father is a local high rank deputy. They just started a business in their 60's but prior to that they own stocks and real estate totally more than 5 mil.
What you said was absolutely retarted, black people do go college and study for high paying jobs but that doesn't change the problem. Do you have any experience with black people are do you talk out of thin air.
I think Black people need assistance we’ve been deprive so much of everything that is really no hope for us for a lot of thing, I need to write business people coming to my community to really help us out. Also reason why this is happening because the government is behind it.
Approximately 70% of the black people depend on government grants. And also, Urban Finance is right, there’s a very small percentage of the black population on the JSE.
You have to have “enough” money to save in first place, you can’t save the money that has to go into the tank to get you to work. Also as a very very intelligent borderline genius African American I’ve seen first hand how unfair wages can affect one’s potential or ability to succeed. Image being on the job for 13 years, very good at your job, in fact you are constantly coming up with brilliant new innovations in your field but sadly they aren’t taken seriously when your black. I’ve seen new “white” guys get hired and don’t know their asshole from a hole in the ground and make the same as I,been that way since like, idk….Forever now. Here’s a fun fact. In my state of Nebraska, 64.2% of whites graduate HS and then 29.8% go on to College. And 66% of Blacks graduate but sadly only 17.6% go to college. And that’s because of systemic racism. I feel everyday like I’m meant for something much bigger than building retaining walls and patios, I’m a scientist, I like to invent, create, and innovate. I have a gifted mind by sadly no opportunity to use it. Imagine having wings but being tethered to a tree, no matter what way you try and fly there’s a limit to the distance you can achieve.
@@jillpatton3432 It doesn’t matter how much motivation, talent or intellectual ability you have if your black. Do you know how many jobs I’ve had where I was in a foreman position but found out there were white guys that didn’t know their asshole from a hole in the ground but yet they was making more or equal to my wages. I’ll give you another example, When I show up to complete a assigned project, From the very beginning I’ll have to prove myself and everything I do will be placed under scrutiny, and if I were to make a mistake, it would be expected. Now if I was white, I would automatically get the benefit of the doubt, could be dumb as shit but still if I was white and I came over with my equipment, you would assume I knew what I was doing. 9 times out of 10. And don’t you know how America works, unless you get super lucky and beat the odds, social mobility is not very achievable. Only way to make money is if you already have it, a homeless mans with a dream of opening a factory and selling cars that run vapor or opening any business for that matter is but a pipe dream. Even if I created the cure for cancer, it cost money to market shit, not to mention patents. Where does that money come from? Greedy investors? Bank? Nope because a bank isn’t a place you go to borrow money if you need it, it’s a place to get money that you already have basically. Can get a loan without collateral can you? And if all of your relatives are poor like you then ur F*cked
Imagine being a black man graduating HS and getting accepted into MIT, only one problem, the tuition is an insurmountable amount of money, ur parents aren’t well off, neither of them have very good credit so you can’t get a loan even with a co-signer, and grants, ha don’t make me laugh, u think grants are gonna cover the cost of an Ivy League college, hell no, so what do you do then? You join the Air Force, because that’s what I did when I ran out of reasonable options.
