Like it or not, admit it or not, African Americans have been effectively legislated into being a lower class for decades.

We couldn't vote, we couldn't participate in minimum wage or social security programs when they were instituted in this country, we were denied GI Bill benefits and our communities were redlined by lenders and gentrified after the values were driven down.

A lot of our people know how to hustle and get money, but don't know how to flip that into true wealth.

A lot of the people outlined in the series made extremely poor decisions and then compounded their errors with more bad financial decisions. But when you have people whose previous family never had much, what can you expect?

In a way it's almost a miracle that only 1/3 of that neighborhood in the article fell victim to that. Maybe you can see it as progress that more of us didn't fall for the predatory lending scams.
______________________________________________________________________________

cscpov.blogspot.com

"There's a fine line between persistence and foolishness..."
-unknown

"To Each His Reach"