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Average Family Net Worth of Black American Families- $4955

October 29, 2013 By Richard C. Young

And black families have the Democrat Party to thank. Here National Review’s Kevin Williamson tells the sad and shocking tale.

Waving the bloody shirt is not only about making an emotional appeal — it’s a strategy for distraction. It became a bitter joke in the Soviet Union — whether the issue was the crimes of Stalin or the fact that the Lada was a piece of junk, the answer was always the same: A u vas negrov linchuyut. The same principle is at work in today’s Democratic commentariat: As Americans start to notice what a fiasco Obamacare is . . . Oh, look! A Confederate flag! There is really nothing more satisfying to liberals than a Confederate flag sighting, though I wonder what they’d make of the fact that in my corner of Texas it is not unheard-of to see black men wearing Dixie belt buckles or T-shirts. (All of our necks are just different shades of red.) When Brad Paisley sings about the Confederate flag, it’s like Christmas morning for Touré. Yet, despite the daft insistence of Joan Walsh and the Affiliated Suburban Pearl-Clutchers of America, there is no neo-Confederate revanche just around the corner. The idea is, however, a useful distraction. But a distraction from what?

From $4,955.

Fifty years into the Democrats’ declaration of a war on poverty and President Kennedy’s first executive order for affirmative action, while spending $300 million a year onworthless diversity workshops and singing endless verses of “We Shall Overcome,” after enduring endless posturing from Barack Obama and the moral preening of his admirers, that is what black American families have to show for themselves: an average household net worth of $4,955. The average white household in these United States has a net worth of $110,729. Black Americans’ median net worth is less than 5 percent that of white Americans.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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