Wednesday, November 14, 2012
Black middle class economically vulnerable
It is surely to everyone's advantage to enable this group of people to be more successful.
Could it be that politicians and elected officials like it this way?...
Could it be that politicians and elected officials like it this way?...
The Chicago Tribune's Dawn Turner Trice wrote about this before the election:
"The Pew Charitable Trusts' Economic Mobility Project recently released a report projecting that 68 percent of African-Americans reared in the middle of the wealth ladder will not do as well as the previous generation.
In August, the National Urban League's State of Black America 2012 report found that nearly all the economic gains that the black middle class made during the last 30 years have been wiped out by the economic downturn.
'This is a very dire situation,' said Valerie Rawlston Wilson, an economist with the National Urban League Policy Institute. 'Even for blacks who have college degrees, we've seen a doubling of their unemployment (rate) between 2007 and 2010.'"
