When we say that black wealth is almost non-existent, we are generous. From the end of slavery to 2016, blacks as a group have less than half the total wealth of the country. Due to inherent disadvantages and economic opposition, blacks can flourish as a group in the country's pockets. Harlem is an economic center, Jackson Ward of Virginia, and of course Tulsa Oklahoma and others. These black communities are self-sustaining and maintained by black businesses. Black Americans work diligently to open factories and small businesses and improve the craft of slavery.
This environment is forced to work together and conduct business with each other, creating an atmosphere in which to create a self-sustaining community and prosper. Fast-forward past integration and civil rights movements, mass imprisonment in the crack era and black families in the White House, these studies are very economically sober for blacks. According to Joanna Venator's research on social genomic model data, half of black Americans born in the United States remain poor. 51% of blacks born in the fifth fifth of income distribution still exist at the age of 40.
For white Americans, about 23% are living in poverty. This can be worrying, or not so much. In another study by Joanna, it has been observed that black Americans are more common in the intergenerational social movements from the bottom up. Of the 10 blacks born in the so-called middle class at the age of 40, 7 are economically reduced in one way or another. Compared with 14% of white people, 32% have suffered. This is a frustrating observation. Blacks need to practice practical wealth techniques to pass on to the next generation. We already know that the gap between the rich and the poor has been exhausted, but after the Great Depression in 2008, the average wealth of white families is now 13 times that of black families. According to the Pew Research Center, the median white family in 2013 was $141,900 and the black family was $11,000. There is still much work to be done in the future. My optimism comes from 1.1 trillion [almost equivalent to Mexico's gross domestic product], and blacks consume as a group every year. A collective business revival must be carried out in the spirit of black people, which was previously done with the tools of the present.
Regardless of who the next president is, the fate of black economics must be the responsibility of black people. Black communities and foreign countries need to provide basic and advanced needs. Business opportunities outside of entertainment. Encourage your child's entrepreneurship from an early age and help provide practical and cutting-edge tycoon training. The Internet has opened up the world for commerce, but blacks must follow the principle of wealth and make full use of and competition in this century. Live below your means, save, invest...
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