White Privilege and the American Dream 2/26/2017 0 Comments   by E.L. Christianson Jr. The American Dream is difficult to define... even for white people who are actually 'free' to dream.  The 'dream' seemed to reach its ultimate realization after the second world war with the return of the military to civilian life. Housing was exemplified by the creation of 'Levittown' as the model of perfection for young families... white young families.  Our entire society moved to improve the lives and livelihoods of an entire class of Americans which included education and housing as two major steps toward Americanism. The Levitts’ racist policy was enshrined in the lease itself, which stipulated that “the tenant agrees not to permit the premises to be sued or occupied by any person other than members of the Caucasian race.”  In 1957 a black couple with young children, bought a house in Levittown, Pennsylvania from the former owners. The family faced endless harassment as well as implicit and explicit threats of violence from other residents in the community, with little help from the local police to keep the mobs of angry racists from congregating outside their home day and night. Levittown Long Island remains overwhelmingly white... 97.37 percent according to the 1990 census.  Dreaming obviously has a restrictive 'color' clause.  In The United States of America, only whites are free from the restrictions... and that's the truth !!! The Value of White Privilege and the American Dream  Racial Wealth Gap Could Close with Systemic Public Policy Reforms, says New Research By Charlene Crowell (NNPA Newswire Columnist) As 2017’s Black History observances unfold in communities across the country, new research on racial wealth gaps refutes the age-old advice for people of color to pull themselves up by their proverbial bootstraps. According to researchers at Demos and the Institute for Assets & Social Policy at Brandeis University, historical and systemic privileges afforded Whites and denied to Blacks are the true root causes. “The Asset Value of Whiteness: Understanding the Racial Wealth Gap,” analyzed data from the 2013 Survey of Consumer Finances. After examining individual differences by race in consumer spending habits, education, family structure, and employment, the report concluded that these factors are not “sufficient enough to erase a century of accumulated wealth.” “For centuries, White households enjoyed wealth-building opportunities that were systematically denied to people of color,” said Any Traub, report co-author and Associate Director of Policy and Research at Demos. “When research shows that racial privilege now outweighs a fundamental key to economic mobility, like higher education, we must demand our policymakers acknowledge this problem and create policies that address structural inequity.” The significance of these new findings must not be lost during the month set aside to observe Black History. As observances honor those whose sacrifices and dedication led to notable achievements, February should also be a time to rededicate ourselves to the battles not yet won. Public policies of the past systemically advantaged Whites and allowed their families to create intergenerational wealth that now serves as a financial springboard for future generations. New public policy reforms must be enacted to correct and replace the harms Blacks have faced as a result of our financial exclusion. For example, a college education is often cited as an essential gateway to higher incomes and America’s middle class. Yet Blacks frequently pay the cost of higher education with a greater student loan indebtedness than their White counterparts. “With less student loan debt to pay off over their working years, the typical White college graduate has a head start on building wealth compared to their Black peers,” states the report. Independent findings from the Center for Responsible Lending support the new report. Today more than half of Black families with a college student borrow to pay for college. Further, on average Black college graduates owe $7,400 more on student loans than their White classmates. When it comes to wages and employment, in 2012, the median full-time wage earned by Blacks was $621 per week compared while the median wage for Whites was $792 each week, the equivalent financial loss of $8,892 per year. When gender was added, Black women fared even worse and earned only 68 percent – or $28,005 of the $41,184 made by similar White males. With smaller paychecks and fewer discretionary dollars in household budgets, it is little wonder that the report also found that the median White single parent has 2.2 times more wealth than the median Black two-parent household, and 1.9 times more wealth than the median Latino two-parent household. The only area where the new report found consistently higher Black consumer spending was for utility costs: electricity, heating fuel, water and sewer charges. The report cited risk-based pricing that often connects mandatory deposits or low credit scores for these services. It is equally true, however, that older and less-insulated housing is also a relevant factor in driving up the price of utility services. In another professional post, as a local government official, I witnessed first-hand how winter utility bills force difficult challenges for many people of low to moderate incomes. In cold-weather climates, winter heating bills can often be higher than the cost of housing itself. If utility providers are regulated by a moratorium on cutoffs for failure to pay winter utility bills, spring shut-off notices are as predictable as flowers in bloom. During cold weather months, delinquent utility accounts can run several hundred if not thousands of dollars in arrears. In warm-weather climates, the surge in utility costs are usually associated with spring and summer temperatures, but with the same financial burden. “We can only create a more equitable future by confronting the racial wealth gap and the public policies that continue to fuel and exacerbate it,” concludes the report. In other words, targeted public policy reforms are the key to closing the nation’s wealth gap. These changes will require the same focus, vigilance and endurance of our historical efforts that forged laws addressing fair housing, voting rights, and equal employment opportunities. “Equal achievements in key economic indicators, such as employment and education, do not lead to equal levels of wealth and financial security for households of color,” said Tom Shapiro, report co-author and Director of Brandeis University’s Institute on Assets and Social Policy. “White households have a leg up, while households of color face systematic barriers to growing wealth, reproducing our long-standing racial wealth gap over generations.” We should all join together to dismantle the lingering legacy of economic exclusion, and create a more financially inclusive future. When we do, in future years, new Black history chapters will note how we provided better opportunities for all of America’s children. It’s past time for our ‘fair share’ of America’s wealth. ​ Charlene Crowell is the communications deputy director with the Center for Responsible Lending. She can be reached at Charlene.crowell@responsiblelending.org. What does race have to do with achieving the American Dream? from CNN's Jack Cafferty ​ Turns out the American Dream may not be for everyone. A new report by the Pew Charitable Trusts shows that a family's race, economic background and neighborhood play a role in economic mobility. The study finds that while 84% of Americans have higher incomes than their parents did at the same age, those born at the top and bottom of the income ladder are likely to stay there. When it comes to race, African-Americans are less likely to top their parents' income and wealth than whites are. And blacks are more likely to be stuck at the bottom of the ladder or fall out of the middle. This study couldn't even measure black mobility in the upper income levels because the number was too small. Meanwhile here's another piece to the wealth inequality puzzle:   Recent Census Bureau data shows that white Americans have 22 times more wealth than blacks. Twenty-two times. In 2010 the median household net worth for whites was about $111,000 compared to less than $5,000 for blacks. Whites also have 15 times more wealth than hispanics. This wealth inequality is due to many factors including the implosion of the real estate market along with higher unemployment rates among minority groups. Statistics like these are one of the many reasons why President Obama is such an historical figure. He is america's first ever African-American president - with a background that certainly wasn't privileged. But Mr. Obama is the exception, not the rule. And the rule is, if you're born poor, you're probably going to stay that way. the truth can be so awful as to be a nightmare