New Report Reveals Specifics Of Racial Wealth Gap in America

A new report from McKinsey and Company shows a stunning wage and revenue gap in America based on race. One of the report’s authors, Shelley Stewart III, shares the specifics of the racial wealth gap and possible solutions to these issues. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#Economy #WealthGap #USA

New Report Reveals Specifics Of Racial Wealth Gap in America

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23 thoughts on “New Report Reveals Specifics Of Racial Wealth Gap in America

  1. My father was an immigrant that, before emigrating to the U.S., scavenged landfills for recyclables to exchange for money to buy food. Our family lived in poverty growing up. But now my father is retired and worth millions. Why is it that people can come to the U.S. with nothing in their pockets, and within a few short years or a single generation, be able to accumulate wealth and thrive? How long have Blacks been in the U.S.? About 400 years. They should have the advantage by now. It's not racism holding them back. It's culture, way of life, knowledge, habits, and behaviors taught through the generations. No matter how many policies are designed to cater to Black families, nor the amount of gov't handouts provided, their financial and social standing will not improve. Stop teaching the next generation that it's everyone else's fault they won't succeed. Teach them how to succeed.

  2. So, people of all ethnicities begin life with zero (except the very few who are born into money). Then people of go on to earn money and save money, but because some Black people don’t that’s somebody else’s fault…?

    There are far more white, Hispanic, etc. people earning les than $30,000 per year than there are Black people earning less than $30,000. So that number is a red herring. It is behavior, not a system, which holds people back.

  3. If one thing is proven, it’s that wealth creates more wealth. Only way that the gap can close is distributing said wealth. Most of that wealth is in the housing market and land obviously. #40acres

  4. I THINK WE ARE GETTING PLAYED PEOPLE..IN MY ENTIRE LIFE IVE KNOW ONLY A FEW PEOPLE WHO I KNOW HELD RACIST BELIEFS .. ITS NOT THERE THAT MUCH ANYMORE.. EVERY DECACE THE RACIST DIE OFF BY LARGE NUMBERS.. I KNOW A FEW OF THE POLICE SHOOTINGS COULD OF BEEN RACIST.. MOST ARE NOT.. ITS NOT A RACE THING ITS VIOLENT CULTURE N DYSFUNCTIONAL COP THING.. WHEN THERE WERE RIOTS THIS SUMMER FOR POLICE SHOOTINGS OF PEOPLE WHO CLEARLY GOT SHOT BECAUSE OF THEIR ACTIONS (NOT THAT THEY DESERVED IT)THE MOVEMENT LOST ALL CREDIBILITY… THIS RACIAL WEALTH GAP IS A PLOY.. A GAP BETWEEN WHAT? THE WHITE HAVE NOTS AND THE BLACK HAVE NOT? EITHER WAY YOU DONT HAVE ANYTHING.. THE RICH ARE THE PROBLEM.. ALL OF OURS PROBLEM..THIS IS ANOTHER STORY DESIGNED AND FRAMED TO PIT US AGAINST EACH OTHER INSTEAD OF GETTING THEM…THE PEOPLE NEED TO UNITE.. IF WE ALL STAND TOGETHER .. FOR REAL.. WE CAN TAKE THIS COUNTRY BACK.. IT STARTS BY KILLING THE RICH..

  5. I haven’t come across broke doctor, lawyer, teacher who identifies as Black/African American. There’s different income brackets even amongst Blacks. They never discuss why Black-owned banks/ financial institutions are charged more by Federal Reserve or why there’s less Black owners getting financed for important businesses that not only serves their demographics but all demographics? Besides diaspora is seeing greater opportunities outside America and are not being over taxed.

  6. Have these people ever been inside a classroom and looked at who study and who causes trouble and don't do the work? There goes your answer.

  7. Centuries of a systematic advantage isn't going to translate any other way; which is why Google keeps sending me (College educated with strong and marketable skills) an INSISTENCE to be a delivery driver. 🙄
    Google, keep your systematic preference of my place to your self.
    Reparations. Let us gtfoh; you've squeezed all of the advantages out of us.

  8. When it comes down to Black Folks there's Sabotage on just about anything that involves the average black person getting money …And if you dare question it ..You get hit with some kind of stereotype and treated like a criminal Let's not forget low-ball settlements of and any kind especially insurance claims … that black people get…. Interest rates … how the IRS seem to enforce the rules just little harder when comes to black businesses

  9. Stop racializing wealth in America. I am a white honorably discharged veteran who is in his sixties that lives on less than 1,100 per month. There are those in the black community and the white community and the Hispanic community and the Asian community that make more in one year then I have my entire life. Yes make no mistake about it, there is a wealth Gap but it is between the top 5% of this nation and the other 95% of us.

  10. What TF else is new? Whats next, the desert is dry or a camel has 2 humps? Yall been rambling on & on for eons about it but if no action is being done then whats the point of repeating it as if we dont already know?

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