The wealth gaps between whites and minorities have grown to their widest levels since the U.S. government began tabulating them a quarter-century ago. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.
The analysis shows the racial and ethnic impact of the recent economic meltdown, which ravaged housing values and sent unemployment soaring. It also offers the most direct government evidence yet of the stark wealth divide, a disparity between predominantly younger minorities whose main asset is their home and older whites who are more likely to have 401(k) retirement accounts or other stock holdings.
Is this supposed to be shocking? This is not rocket science people. Black folks are becoming less and less educated, which means they have no skills, which means they can’t get a job, which means they need to government to survive, which is why they vote Democrat!
School Dropout Rates Add To Fiscal Burden - NPR Story (audio)
Nearly 1 million kids who start high school every year don't make it to graduation. At a time when federal and state budgets are tight, dropouts costs taxpayers hundreds of billions of dollars in lost revenue, health care, welfare and incarceration costs.
High School Graduation Rates in Black America
High school dropout is a national crisis for Americans in general and Blacks in particular. Nationwide, 47 percent of Black males graduate high school compared with 78 percent of White males. During the past four years more than six million students between the ages of 16 and 24 dropped out of high school.
One dropout every 26 seconds is ticking time bomb for blacks
It is already tough for high school graduates to compete economically with college graduates, with college graduates earning around $297,893 dollars more than a high school graduate during a lifetime. But without a high school diploma or a General Educational Development (GED), a student basically condemns themselves to underclass status. Individuals without a GED or high school diploma loses about $7,000 dollars per year in comparison to someone with a GED.
And in a modern military, where the ability to understand high tech systems is a premium, dropping out of high school and getting into the military is proving to be an obstacle. Even those with high school degrees are finding it difficult. Thirty nine percent of black applicants with a high school degree are rejected by the military. And those who do make it in are coming into the military with lower scores than white applicants, therefore putting them at a disadvantage when it comes to future advancement.
The real societal cost of a high drop out rate at the high school level is that it attacks the structure of the black family. Black high school drop outs feed a growing black underclass of economically disadvantaged families, making it more difficult to break the cycle of poverty. The state of New York is finding that having a GED helps prevent homelessness, and has created Back to School program in order to get individuals to complete their GED.
But the effects are also found in the college ranks. With black boys struggling to finish high school and go to college, some college systems are finding that when they exclude for college athletes, black male students are a scare commodity. In South Carolina, for example, only 3 percent of the student body at the University of South Carolina, Clemson and the College of Charleston, are black male students. This means that there's a infinitesimal pool of eligible college educated black women looking for a relationships with men with similar educational backgrounds.
Congress Reminds Obama He's President, Not King
The Hill Gingrich: I probably shouldn’t have filmed that climate change ad with Pelosi, huh?
I like Newt as far as listening to dude intellectually. But when he shot this commercial with that idiot skank liberal bitch Pelosi any respect I had for him went out the window.
Critics of the So. Central Los Angeles Tea Party (Race Baiting _ Racism _ NAACP)
C'mon folks you gotta watch... another silly idiot Nigga shit moment...
This is who he is really talking about...