No need to wonder why we have zero economic power and zero political power. We do however possess social power (!). Read the snipet below or read original article. Financial Literacy 101: Save, Invest, Spend, Donate. Spend is 3rd !! African Americans Remain at Economic Bottom
According to a report released Tuesday by the U. S. Census Bureau, the median household incomes for Black families remained last year at $32,000,… the same as it was in 2005. That’s $5,800 less than Hispanic families…and $20,400 less than White families. Poverty rates in 2006 were no better for African-Americans. While the poverty rate remained unchanged… for Blacks at 24.3 percent. Poverty rates for Blacks in 2006 were 3.7 percent higher than Hispanic-Americans and 16.1 percent higher than Anglo-Americans.
The annual report, based on compilations of 2006 data is called “Income, Poverty, and Health Insurance Coverage in the United States: 2006.” Economists say it’s America as usual.
