Thursday, July 21, 2016

Thoughts to ponder

Richard Cordray, the head of the Consumer Financial Protection Bureau, spoke at the NAACP's convention. Some of his words
 “For white households in America, median income is $60,000; for African-American households, it is $35,000. White households in America have an average net worth of $134,000, but for African-American households, it is $11,000. Home ownership among white consumers is about 71 percent; for African Americans, it is about 42 percent. And the median house owned by a white homeowner is worth over $85,000, compared to $50,000 for African Americans. Small wonder that many feel trapped in a system that seems to barricade every avenue for economic advancement.”

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