<<<<<< U.S. Census Bureau's Statistics On Black Americans >>>>>>

[Mr. Met]

http://www.census.gov/prod/2007pubs/acs-08.pdf

— 39,151,870 blacks in the U.S. Percent of U.S. population: 12.4%

— Black consumer market: $845 billion

— Median age: 31.3 years

— Median household income: $32,372

— Black household composition: 31% single person living alone, 30% maintained by a single female parent with no husband present; 29% married-couple families. The rest comprised of households maintained by a man with no wife present, or by grandparents

— Median earnings of black men: $34,480. For black women: $30,398

— Home ownership: 46.3%

— Poverty rate: 25.3%

— About 600,000 black ages 15-50 gave birth in the year prior to the ACS survey. 35% were married

— Average savings for black Americans earning $50,000 or more a year: $48,000

— Percent of black investors who invest in stocks and mutual funds: 57%

— 7% of the black household population aged five years and over spoke a language other than English at home

— Among blacks ages 25 and over, 80% were at least high school graduates and 17% had a bachelor's degree or higher

— Percent without health insurance: 20.5%

— Number of veterans: 2.4 million

 

[HandsSolo2K5]

I am an insurance man and it is hard getting some of our people to pay for insurance, and if this census is correct, we need more college grads.... And actually there are some upward trends I see

 

[Cruise]

Things look decent until you see the

poverty rate is 25%.

1 of every 4 people live in poverty????

Most of the richest honkeys and those who created the most JOBS never finished college (Bill Gates, Steve Jobs, Michael Dell, Steven Spielberg, etc.).

College is not some magical path to economic prosperity, access to the markets is (financial, capital, distribution, currency). Just ask George Soros, or Kirk Kerkorian, or Ted Turner.

The richest 400 honkeys equals the entire economic output of the ENTIRE so-called "black" community.

I think Bill Gates' Microsoft generates more money than the Cities of Detroit, Atlanta, and Memphis COMBINED.

One white boy!

No matter how much you've got, you realize just how insignificant your economic power really is.

 

[bwb]

Why pay for insurance? I know nothing about insurance, so I'm asking this question honestly. Aren't there other investment vehicles that can give higher returns?

 

[djdez]

— Black consumer market: $845 billion

WE have POWER!!!! USE IT WISELY!!!

 

[max-dawg]

real talk here:

at 12.4% of the population, it's ABSOLUTELY amazing to me how much INFLUENCE that BLACK people have on american culture.

from sports to entertainment to the business world... we're EVERYWHERE and representing-primarily in a positive way!

lawyers
military leaders
doctors
entrepreneurs
entertainers
musicians (all genres)

do y'all realize we're now the 2nd largest minority population behind "hispanics?"

and EVERY culture here in america AND most abroad copycat who...

black people-esp. black men.

the 12.4% of the population backs up one of the basic things i live by:

THERE IS NO STRENGTH IN NUMBERS!!! look at the HUUUUUGE influence we have at 12.4% compared to others.

BLACK POWER.

 

[HandsSolo2K5]

Why pay for insurance? I know nothing about insurance, so I'm asking this question honestly. Aren't there other investment vehicles that can give higher returns?

I am glad you asked mon frere, certain insurance plans can be arranged in the same vein that annuities are paid off, Plus you throw money into what is called a Universal Life Plan, that contains the same elements of variable money markets accounts and dependent on the aggressiveness or conservativeness of the plan it can make your money grow for you and you actually can borrow against it. You have to think of Insurance as financial services, just as you would a CD, a Reverse Mortgage or any annuity........You do have rip offs such as Accident and Sickness insurance.....cough ......AFLAC...... I am not going to be too hard on it though because if you get sick or injured it pays off decently....... but the key to insurance, or having insurance is that it takes the pressure, even if you are just sick or injured, off of your loved ones taking care of you

 

[michigantoga]

Things look decent until you see the

poverty rate is 25%.

1 of every 4 people live in poverty????

Most of the richest honkeys and those who created the most JOBS never finished college (Bill Gates, Steve Jobs, Michael Dell, Steven Spielberg, etc.).

College is not some magical path to economic prosperity, access to the markets is (financial, capital, distribution, currency). Just ask George Soros, or Kirk Kerkorian, or Ted Turner.

The richest 400 honkeys equals the entire economic output of the ENTIRE so-called "black" community.

I think Bill Gates' Microsoft generates more money than the Cities of Detroit, Atlanta, and Memphis COMBINED.

One white boy!

No matter how much you've got, you realize just how insignificant your economic power really is.

 

[HandsSolo2K5]

Things look decent until you see the

poverty rate is 25%.

1 of every 4 people live in poverty????

Most of the richest honkeys and those who created the most JOBS never finished college (Bill Gates, Steve Jobs, Michael Dell, Steven Spielberg, etc.).

College is not some magical path to economic prosperity, access to the markets is (financial, capital, distribution, currency). Just ask George Soros, or Kirk Kerkorian, or Ted Turner.

The richest 400 honkeys equals the entire economic output of the ENTIRE so-called "black" community.

I think Bill Gates' Microsoft generates more money than the Cities of Detroit, Atlanta, and Memphis COMBINED.

One white boy!

No matter how much you've got, you realize just how insignificant your economic power really is.

I understand where you are coming from.....

But one thing that a college degree assures, and I argued this to the hilt a few years ago.... Is that that said individual has attain a level of disciplined thinking through a 4 year degree or even further discipline post graduate..... There are many intelligent people on this board, but you can tell when a person has attained a level of DISCIPLINED thinking especially on a subject that they are accustomed to being educated in, AS OPPOSED TO "FREE THINKING PEOPLE"....... No college doesnt guarantee financial success and it isnt designed to..... what it assures is that we have people who can bridge logistical gaps, think quickly thru analyses, and scientifically research things, thru previous data...........Plus you NEED Black Engineers, Mathematicians , Accountants, Scientists........Money and being financially wealthy AINT THE END ALL, AND COLLEGE ISNT EITHER..... LIFE IS AN EDUCATION ITSELF, BUT IT IS MUCH MORE REWARDING WITH A DEGREE

 

[Cruise]

I understand where you are coming from.....

But one thing that a college degree assures, and I argued this to the hilt a few years ago.... Is that that said individual has attain a level of disciplined thinking through a 4 year degree or even further discipline post graduate..... There are many intelligent people on this board, but you can tell when a person has attained a level of DISCIPLINED thinking especially on a subject that they are accustomed to being educated in, AS OPPOSED TO "FREE THINKING PEOPLE"....... No college doesnt guarantee financial success and it isnt designed to..... what it assures is that we have people who can bridge logistical gaps, think quickly thru analyses, and scientifically research things, thru previous data...........Plus you NEED Black Engineers, Mathematicians , Accountants, Scientists........Money and being financially wealthy AINT THE END ALL, AND COLLEGE ISNT EITHER..... LIFE IS AN EDUCATION ITSELF, BUT IT IS MUCH MORE REWARDING WITH A DEGREE

After going to college and grad school and then going into business, the time spent in the university seems like a COLOSSAL waste.

For me, college should not have been about education (I didn't need college to train my mind) but about making CONTACTS. Oh, well! Hindsight, 20/20, and all that.

Just to clarify

To me, school/college is great for churning out future employees NOT for building wealth.

In my case, it is all about the contracts you get, the government support you get, the type of companies who partner with you.

If large sums of money are involved, it is a purely paleface affair. Not a brother in sight.

I think Bill Gates' Microsoft generates more money than the Cities of Detroit, Atlanta, and Memphis COMBINED.

This refers to the city government, not all economic activity in the city.

 

[Manbot26]

Good read, someone was just asking me about this the other day, good I have a personal copy for myself now.

 

[femmenoire]

I understand where you are coming from.....

But one thing that a college degree assures, and I argued this to the hilt a few years ago.... Is that that said individual has attain a level of disciplined thinking through a 4 year degree or even further discipline post graduate..... There are many intelligent people on this board, but you can tell when a person has attained a level of DISCIPLINED thinking especially on a subject that they are accustomed to being educated in, AS OPPOSED TO "FREE THINKING PEOPLE"....... No college doesnt guarantee financial success and it isnt designed to..... what it assures is that we have people who can bridge logistical gaps, think quickly thru analyses, and scientifically research things, thru previous data...........Plus you NEED Black Engineers, Mathematicians , Accountants, Scientists........Money and being financially wealthy AINT THE END ALL, AND COLLEGE ISNT EITHER..... LIFE IS AN EDUCATION ITSELF, BUT IT IS MUCH MORE REWARDING WITH A DEGREE

I don't agree with that at all. Life is what you make it. Degreed or not degreed.

http://www.pennylicious.com/2006/10/09/billionaire-dropouts/

There are lots of people who are successful not going to college and not even starting their own business, just following the military path. It's about your choice, knowing what choices works for you, and sticking with the choice you make.

 

[HandsSolo2K5]

I don't agree with that at all. Life is what you make it. Degreed or not degreed.

http://www.pennylicious.com/2006/10/09/billionaire-dropouts/

There are lots of people who are successful not going to college and not even starting their own business, just following the military path. It's about your choice, knowing what choices works for you, and sticking with the choice you make.

Reading is FUNdemental even for you, Femmenoire

I SAID "BUT IT IS MUCH MORE REWARDING WITH A DEGREE"

REWARDING DOESNT HAVE TO MEAN FINANCIALLY

 

[Jakesnake]

Why pay for insurance? I know nothing about insurance, so I'm asking this question honestly. Aren't there other investment vehicles that can give higher returns?

If you are disciplined enough to manage your own money you can buy the low cost insurance and invest the rest, as some experts may say. I'm an insurance and investment person as well, but it seems that the black community feels that thay have no money and nothing tho protect. then when they start getting sick with hypertension, diabetes, and other things then they start looking for insurance and they either get, denied, or have to pay outrageous premiums.

I try to tell the young cats to get it while they are young, because it is cheap and you do save up alot of money in the years to come. Not only do you have a death benefit, but you have money set aside collecting more interest then any bank and you if you need the money in case of an emergency it is there for you. TAX FREE with no credit checks no questions, it is your money.

But I guess that $25 a week is too much to spend to protect your family in case something happens to you.

For you have any questions ask your local insurance agent or look at my website many questions are answered there.

 

[HandsSolo2K5]

If you are disciplined enough to manage your own money you can buy the low cost insurance and invest the rest, as some experts may say. I'm an insurance and investment person as well, but it seems that the black community feels that thay have no money and nothing tho protect. Nut then when they start getting sick with hypertension, diabetes, and other things then they start looking for insurance and they either get, denied, or have to pay outrageous premiums.

I try to tell the young cars to get it while they are young, because it is cheap and you do save up alot of money in the years to come. Not only do you have a death benefit, but you have money set aside collecting more interest then any bank and you if you need the money in case of an emergency it is there for you. TAX FREE with no credit checks no questions, it is your money.

But I guess that $25 a week is too much to spend to protect your family in case something happens to you.

For you have any questions ask your local insurance agent or look at my website many questions are answered there.

cosign.....you are a slickster too

 

[Jakesnake]

cosign.....you are a slickster too

Have to put in a free plug anywhere I can!!!

 

[BoyJupiter]

I understand where you are coming from.....

But one thing that a college degree assures, and I argued this to the hilt a few years ago.... Is that that said individual has attain a level of disciplined thinking through a 4 year degree or even further discipline post graduate..... There are many intelligent people on this board, but you can tell when a person has attained a level of DISCIPLINED thinking especially on a subject that they are accustomed to being educated in, AS OPPOSED TO "FREE THINKING PEOPLE"....... No college doesnt guarantee financial success and it isnt designed to..... what it assures is that we have people who can bridge logistical gaps, think quickly thru analyses, and scientifically research things, thru previous data...........Plus you NEED Black Engineers, Mathematicians , Accountants, Scientists........Money and being financially wealthy AINT THE END ALL, AND COLLEGE ISNT EITHER..... LIFE IS AN EDUCATION ITSELF, BUT IT IS MUCH MORE REWARDING WITH A DEGREE

I would argue that your interpretation of "disciplined thinking" is actually a subjugation to intellectual norms. The danger there is the possibility of hindering the strength of thought for those who do not require the traditional university (of which there are many more than what your Federal Loan advisor's would want you to believe.)

We've all read Dubois, " The function of the university is not simply to teach bread-winning, or to furnish teachers for the public schools or to be a centre of polite society; it is, above all, to be the organ of that fine adjustment between real life and the growing knowledge of life, an adjustment which forms the secret of civilization." - AND I AGREE. The function of the university is all of those things...However, there are MANY who do not require the university in order to achieve those things. They already have them before the classic university process.

For those who can't believe this, I would have to ask just how much faith you really have in other men and women?

 

[jedimasta]

http://www.census.gov/prod/2007pubs/acs-08.pdf

— Median earnings of black men: $34,480. For black women: $30,398

If black women are graduating college and earning degrees at a higher rate than black men, why do we make more money than them?

 

[BoyJupiter]

If black women are graduating college and earning degrees at a higher rate than black men, why do we make more money than them?

Bump, because this is a fucking GREAT question. Great analysis.

 

[D24OHA]

because the old boys club is still keepin the womans pay down. now with that being said more dudes spend more money on their cars and flashy appearance than women do (gold chains, teeth, rims, stereo systems, flashy watches, buyin out the club/bar ...etc)

 

[julian]

That 12.4% number for the black population is a bullshit number that is used to diminish blacks in this country. On the census it is now a category for multi-race people,hispanic(non-white),and foreign. Those categories are seprate from black on the report. So all the self-hating blacks who are mixed classify themselves as biracial even thou they are black and will be seen as black but on paper are mixed. That is millions of people. Also anyone who speaks a word of spanish or has a spanish releative claims they are hispanic when they are clearly black,and all immigrants who are from black countries all check other(foreign. These numbers added together equal to 60-75 million truly black people in America not the 30-40 million claimed.

 

[julian]

If black women are graduating college and earning degrees at a higher rate than black men, why do we make more money than them?

We make more money than women because men generally are employed in jobs that pay more money than comparable jobs women may have. For example a construction worker is a job that mainly men occupy most make between $15-$25/hr depending on location and experience. A woman working in a low skill type job like secratry makes between $10-$15/hr on average. Women who work high skill or professional jobs make as much money as men.

 

[The Amerikkkan Idol]

That 12.4% number for the black population is a bullshit number that is used to diminish blacks in this country. On the census it is now a category for multi-race people,hispanic(non-white),and foreign. Those categories are seprate from black on the report. So all the self-hating blacks who are mixed classify themselves as biracial even thou they are black and will be seen as black but on paper are mixed. That is millions of people. Also anyone who speaks a word of spanish or has a spanish releative claims they are hispanic when they are clearly black,and all immigrants who are from black countries all check other(foreign. These numbers added together equal to 60-75 million truly black people in America not the 30-40 million claimed.

Damn, good post.

I didn't even know this


And Hands Solo is right. That piece of paper makes a whole lot of difference.

 

[femmenoire]

Reading is FUNdemental even for you, Femmenoire

I SAID "BUT IT IS MUCH MORE REWARDING WITH A DEGREE"

REWARDING DOESNT HAVE TO MEAN FINANCIALLY

And even so, a degree doesn't guarantee a more rewarding life. That's a matter of opinion.

 

[femmenoire]

If black women are graduating college and earning degrees at a higher rate than black men, why do we make more money than them?

Women in general still make less than men. That's been a known fact for decades now.

It's even that way on the VP level.

 

[HandsSolo2K5]

I would argue that your interpretation of "disciplined thinking" is actually a subjugation to intellectual norms. The danger there is the possibility of hindering the strength of thought for those who do not require the traditional university (of which there are many more than what your Federal Loan advisor's would want you to believe.)

We've all read Dubois, " The function of the university is not simply to teach bread-winning, or to furnish teachers for the public schools or to be a centre of polite society; it is, above all, to be the organ of that fine adjustment between real life and the growing knowledge of life, an adjustment which forms the secret of civilization." - AND I AGREE. The function of the university is all of those things...However, there are MANY who do not require the university in order to achieve those things. They already have them before the classic university process.

For those who can't believe this, I would have to ask just how much faith you really have in other men and women?

I cant argue with you

 

[HandsSolo2K5]

And even so, a degree doesn't guarantee a more rewarding life. That's a matter of opinion.

 

[Tazirai]

What I liked about this report.
Home ownership bucks most stereotypes of Us not being or willing to own homes.
That Investor stat is very good to know. Im glad it's not just about "Gettin this money" And that's it. Good to see it flipped in a positive way.
That graduation rate is pretty good. Wish it were higher. But if you look at what the media tells us. Only 20% of us seem to graduate.

— Home ownership: 46.3%
— Percent of black investors who invest in stocks and mutual funds: 57%
— Among blacks ages 25 and over, 80% were at least high school graduates

What I dont like.

That poverty number is disheartening. Wish our mothers and single parents were able to break thru that barrier. We'll never have 0% poverty, but a 5-8% isnt bad to aim for.

17% had a bachelors degree... that's sad. I have 2 degrees and didnt come from privilege, but a upper middleclass, cuz dad didnt play that shit.
We gotta do better..How.. I dunno.

That Health insurance shit is VERY troubling. With all the diseases that aim right at us, You'd think we'd give a shit about our lives.

— Poverty rate: 25.3%

— 7% of the black household population aged five years and over spoke a language other than English at home

...and 17% had a bachelor's degree or higher
— Percent without health insurance: 20.5%

so theres some and even more

 

[madscience]

If black women are graduating college and earning degrees at a higher rate than black men, why do we make more money than them?

That worn-out old stat is misleading. Women of all races and ethic groups outnumber their male counterparts in higher education. It is not a black thing like the hype would have you believe. Here is an article about it.
http://www.usatoday.com/news/education/2007-09-12-census-college-enrollment_N.htm

I think men are more aggressive in the work place. We demand raises when we’re due and we negotiate for better salaries. However, too many women are passive. They wait to be rewarded for hard work and if you’ve ever worked in a corporate environment, then you now how that goes. They jump in and out of the work force – pregnancies. And of course, women also have to deal with discrimination.

 

[HandsSolo2K5]

And even so, a degree doesn't guarantee a more rewarding life. That's a matter of opinion.

Its important in the same way that a Drone or a Worker Bee is to a bee hive......... It may be bad analogy but theres truth to it. Imagine if we did have our own country who would build our bridges, balance our budgets, educate our kids? Be Doctors, Attorneys, Consultants, Accountants? We need more college grads in our communities.

 

[moblack]

This is so true about consumers. I was in Walmart last night buying groceries. In Pearland which is predomintaly white. I noticed that everyone in the store was Black Americans. From professional looking people down to hip hop dress attire. Made me go hmmm.