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12 Ways Black American Misery Continued to Expand, Even Under Obama’s Watch

Barack Obama’s presidential win in 2008 was hailed by some as ushering in a post-racial age in the U.S. However, recent numbers have shown that Black American progress continued to either halt or decline even under his watch. Despite these facts, a recent Pew survey found that the number of Blacks who think they are better off now than they were five years earlier almost doubled since 2007. Here are 12 ways Black progress has been reversed or halted during Obama’s administration.

 

Black moneyHousehold Income

From 2009 to 2012, median income declined by 3.6 percent for white households to $58,000, but fell 10.9 percent to $33,500 for Black households, according to the latest Census Bureau figures.

 

 

black wealth gap

Chris Harrison wealth gap illustration

Wealth

The Urban Institute estimates that between 2007 and 2010 Black families lost 31 percent of their wealth. White families, by comparison, lost 11 percent of their wealth. It also reported that the average white family had about $632,000 in wealth, versus $98,000 for Black families.

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4 thoughts on “12 Ways Black American Misery Continued to Expand, Even Under Obama’s Watch

  1. Jay Contreras says:

    And MOST of us still un-equivocably support this Sambo in sheep's clothing.

  2. This is nothing new. These disparities have always been there. As long as white supremacy and institutional racism are a factor this will always be an issue. But as long as we keep the money in our community, let it bounce 7 times before it leaves, then we gonna be alright. There is only one problem and one problem only that is unique to the black community: lack of group economics. That's it. Everything else going on are all symptoms of the problem, but it's one problem only. Group economics or a lack thereof.

  3. Just look at what this man had to endure the last six years!

  4. There are some many flaws in these studies that it almost makes you wonder, who did these studies, a Republican? Take the one about Home Ownership. The African American rate fell from 50% during the housing bubble to 43% in 2013. Well taking into consideration that a large number of African Americans and not as many other ethnicities were caught up in predatory loans during this time frame, that when the bubble burst, most lost their homes due to foreclosure. So by sheer percentage numbers, the drop is going to be far more drastic for African Americans.
    The Education study is even worse. What this article doesn't mention is that the attainment gap hasn't narrowed since 1990. It has gradually widen year over year. What it also doesn't tell you is that Blacks from age 25-29 who attained a higher degree increased from 13% to 20%. I could go on ripping these stats apart. Do the research for yourselves.

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