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I’m not impoverished, and I have several middle class friends who are doing well in this country.
And so I reject the notion that we constantly need to be talking about-…Those are the key findings of a new study of the racial wealth-gap released this week by the Institute for Policy Studies (IPS) and the Corporation For Economic Development (CFED).
The study made the rounds and was published at a number of outlets, still CNN eye-rolling extraordinaire Angela Rye doesn’t believe black poverty is a problem because she and her friends are doing well.
Rye said the following on CNN while discussing Trump’s comments on poverty in the black community: John (Berman), it’s not about us all having to be lifted out of poverty.
Please give a brief description of yourself as well.
SBF - Looking for unique/interesting (Sykesville, 21784, MD ) I will be blunt because I am not one to waste people's time.. I'm not looking for a man to support me or treat me like a princess.
Most black people work hard every day and are not on food stamps, welfare or section 8. My kids grew up in the hood and didn’t live in poverty.
Neither I or my sons have kids out of wedlock, we never robbed stole or sold drugs either.
I think that 90% of this world is too selfish to make a relationship last, which is what scares me, I want to find the 10% that believe in committing to one person the rest of their life.
What would’ve been the reaction had a white person on CNN said, in reaction to Trump’s comments, “Well, I have middle class black friends who are doing fine.” Black twitter would’ve roasted that person.
And Rye shouldn’t get a pass either just because she’s black.
They looked at trends in household wealth from 1983 to 2013—a 30-year period that captured the rise of Reaganomics, expanded international trade and two major financial crashes fueled by bubbles in the tech sector and housing prices.
The authors found that the average wealth of white households increased by 84 percent during those three decades, three times the gains African-American families saw and 1.2 times the rate of growth for Latino families.