LogFAQs > #905971806

Prestoff posted...

silentwing26x posted...

A week or so ago I posted a summary of a recent Nielsen study on income and wealth in the black community. A lot of the usual narrative omits the fact that the black population in America is very young and that the white population is much older. In terms of median age.

What this means is that the average income in both populations is not representative of the full picture, since the older you are the more earning potential you have. Which means that a younger population would appear to have a lower average income but also a lower earning potential since they haven't worked many years, haven't entered their prime, etc.

When you look at the data itself, you see that as individuals black earners are growing rapidly in income power and spending power. But it's a lot more nuance than you can fit into Twitter hot takes that target young impressionable leftists.

http://www.nielsen.com/us/en/press-room/2016/nielsen-2016-report-black-millennials-close-the-digital-divide.html

Interesting take, I'll read the article when I get back from work today.

Download the entire report, that just links you to a subsection of it. You gotta download it if you wanna read the whole thing. (You can enter junk data into the form, it's free). There's also another Nielsen report that you can find from the same year that more specifically compares these trends to the white and Latino populations in America.