Where Black Families Reach The American Dream
Economists believe that your neighborhood influences your life outcomes. After isolating social factors, they’ve identified the basic steps families can take to create intergenerational upward mobility.
Among the findings: African American males have the most success when they connect with positive role models. We visit one Washington D.C. entrepreneur who is finding success amid a changing economy. His story illustrates new strategies moving through governments and the private sector. #blackhistorymonth
Families have long sought to move toward better neighborhoods and schools to put their kids on the pathway toward success. A study from the Census Bureau is providing fresh insight on where to look.
It revealed significant racial disparities between demographic groups. For example, white families have strong rates of upward mobility in high-income neighborhoods. But in many cases, Black families are losing wealth generation by generation.
Low-income Black boys had the most success in neighborhoods that had low incarceration rates and a large adult male population. Another key factor is low racial discrimination, measured using tests for implicit bias and racial animus using Google search results.
An interactive map based on a collaboration by researchers at the Census Bureau, Harvard University and Brown University shows which neighborhoods are most likely to produce children who move into higher tax brackets. The dataset contains 35 years of anonymized tax filings from 20 million Americans.
Ellora Derenoncourt, an economics professor at Princeton University, told CNBC the findings raise big questions: “Should we blame poverty on people and individuals and the choices they’ve made? Or are there external factors that are really determining their life course?“
In select neighborhoods of Maryland, Virginia and New York, Black households produced children who went on to out-earn the national median as they matured into adulthood. Neighborhoods in Houston and Atlanta have results that show where targeted improvements are having a big impact.
Improving conditions for the Black labor force is a key issue for businesses. Federal labor statistics often reveal that Black workers bear the brunt of economic recession. “The reasons for that basically boil down to lack of mentorship and a lot of Black workers being tied up in jobs that don’t provide a clear pathway up,” said Shelley Stewart III, a partner at McKinsey & Company.
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Where Black Families Reach The American Dream
Disclaimer: This content including advice provides generic information only. It is in no way a substitute for a qualified medical opinion. Always consult a specialist or your own doctor for more information.
There is nothing on earth that is impossible if only you believe, I was diagnosed with HIV disease for 6years after I meant Dr Oseba on YouTube he sent me his herbal medicine which I and cured my HIV completely
As it should be. Separate the minorities and blacks. They are the main reason the usa is falling apart anyway.
Every election cycle the same conversation is put forward by Democrats, in order to capture the Black vote.
News flash!!! Public sector jobs don’t create generational wealth. STEM jobs and technical entrepreneurship create wealth.
I currently have a cyber security consulting firm and I’m literally in demand 24/7/365. The majority of my business is international and I don’t plan on returning to the States due to the structural, systemic racism. I receive countless of offers to return, but it’s always the same, “how do you know so much, how did you pass your certifications, did you really project manage those solutions….”. I can go on and on.
Its the direct opposite when working with international companies. Their response has always been, “where have you been hiding.”
What the heck is the graph at 3:55 supposed to mean?
I will limit this. My grandmother worked in the federal government yet it embittered her due to internal exclusion from opportunities to advance, be promoted despite being better qualified &/or capable than other women for the same positions. She turned to real estate & other outside ventures to develop capital instead. That's a separate story.
how can hotdogs which is a carcinogen be the answer to food deserts!?!?!?
News Flash: The so called "American Dream" was all about European immigrants taking advantage of free Indian free Black labor therefore was never intended for Native Black Americans. (Descendants of slaves in North America)
People who give up in life are people who lose in
life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling today by getting involved in investment.. I pray that anyone who reads this will be successful in life
Latino workers comprise of 33% of front line workers, whereas black people comprise of 36%. Black people earning above 30k is 44.6%, whereas Latinos making more then 30k is 42.6%.
There are disparities everywhere. People who live in appalachia are very poor and mostly white compared to white people living in NY. NIgerians and Indians on average have the highest median income and the highest average on getting their masters degree. The black population aborts more babies then other groups and have the highest single motherhood rate. Black on black crime disproportianetly affects black people based on FBI statistics. Woman disproportianetly outnumber men in college. Most people in prison are men, not women. Men comprise the majority of dangerous jobs and make more money because of it. Asians on average score the highest on SAT scores. Majority of men of died in wars and have been required to enter drafts. It isn't that simple to generalize statistics.
if you live in the ghetto you become trash . big shock , amazing investigation.
wonder how much 'government support' is behind these 'success stories'…… LOL
….. ANYWHERE outside of America.
Black people will thrive ! …
Meh black families succeed when they form healthy families with a husband and wife that last while their children grow up.
Pg county is ghetto af but with Mercedes Benz
I am in my 60s. I live in Texas. I grew up in a poor neighborhood. I am a black American female. I grew up to go to college with scholarships, etc. My parents always told us- "You will go to college. You do not have a choice. Just decide what you want to do." My sisters and I went to college. I remember we were NOT allowed to bring in low grades from school. My mother gave us homework even when there was not homework from the teacher. We all had to learn something, or you had to talk with my Mother. Notice, I do not say mom, mommy, momma. I say Mother. My Mother would not allow us to call her anything else. She was college educated and she was a nurse. My father talked to us in Spanish. I grew up to be a bilingual educator. I believe it depends and starts at the home first- if your parents were like my parents then you understand the importance of getting your education in our society. Second- your role models. My Mother made sure we had good female role models for my sisters and myself. Third- My parents gave us rules and consequences to live our lives by. For me, some children today are raising themselves, and education is not a priority for them. It is these young people who have no rules or consequences, and they unfortunately have rough lives. I would tell all young people, "GET YOUR EDUCATION, GO TO COLLEGE, and TAKE ADVANTAGE OF OPPORTUNITIES. " This was a great documentary. Thank you for sharing it.
Yeah, it's so true, for example my hometown is total terrible and I know that there are many talented peoples who was destroy, because place they grown up there
lets pass the "get out my pockets" where hourly worker below 100k stop paying federal, state, and local income tax on overtime
I don't know where they're getting the data for this news segment but the median income for black folk in DC hasn't even increased 1% in over five decades. Let's not even get started with net worth, business ownership, health, education, and politics.
Atlanta is another city where black families do very well
so should i trust the government over the private sector?