The typical black family has 15 cents compared to $1 held by a white family, says Louise Story

[@luckx6692]

As an Asian American, we work harder as parents and make sure our children as well.

[@sparc4ux]

They also have the lowest divorce rate.

[@shawnsdrumcave]

as a white american i can attest, Asian's seem to have there crap together!

[@marijavasilevska1581]

just be careful as blacks target Asians, they are horrible!

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@marijavasilevska1581]

Louise Story is so out of touch, if you add back in all the criminal activity these people are involved in, it's $1.20 to the dollar!

[@karolmetal4256]

Typical black family is a single mother, so here is your answer

[@seanjohnbig2664]

Racist trope...There are more white single mothers...

[@RichardKing-sx6xc]

🤣😆😅😂

[@eliot5220]

What about single men? That’s still a household.

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@marijavasilevska1581]

Louise Story is so out of touch, if you add back in all the criminal activity these people are involved in, it's $1.20 to the dollar!

[@mattwalter6207]

No mention of single motherhood, having kids out of wedlock, crime rates, high school graduation rates...

[@saitejagutta5338]

Which causes which. Its a chicken and an egg problem.

[@southernphunk]

📌DEI hired more white women than any other person that was in the inclusion

[@IN-hw8it6]

Going back to bigamy might help!? 🤔

[@seanjohnbig2664]

There are more yt single mothers and having kids out of wedlock

[@Victorkapz]

@@saitejagutta5338 society is always searching for the truth, why this, why that.. Often times the answer is -we are who we are..

[@mahamadoudiallo589]

I am black and I see they discuss everything except the real cause. We need to put family or education in front of our issue or we will be at the same place or worse in 100 years.

[@Barweezy]

This constant victimhood mentality is ridiculous and is just a way for people with no drive and ambition to blame something other than themselves for lousy outcomes.

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@Lazaven]

@@marijavasilevska1581You keep going around saying this over and over when in reality you're wrong every black person is not a criminal and furthermore this conversation is about wealth not income criminal activities are an income driver not a wealth driver. Also if you want to count criminal activities into income you need to do it for everyone else too like the Italian mob the Russian mob the Yakuza and all the rest. Your world view is asanine

[@Lazaven]

So its victimhood mentality to acknowledge the facts? When we talk about 9/11 or the Holocaust is that also victimhood mentality? It's historical facts. You just don't like the uneasy feeling you get when these conversations come up so you hide behind your victimhood mentality mantra

[@marijavasilevska1581]

@@Lazaven perhaps you should invite some of these people over to your house, let them look around, date your daughters??

[@marijavasilevska1581]

@@Lazaven if you have $25K in income and use it to buy 100 share of stock xyz, is that not wealth? If you have $25K in income and keep it in 100 dollar bills, is that not wealth?

[@abi-jl6qo]

They gave sis a 15 cent microphone as well

[@clarence-dials]

He was very uncomfortable asking a question

[@blave8730]

What about comparing other ethnicities? Asians? Is this a black thing or a culture thing?

[@seanjohnbig2664]

Nigerians are the most educated immigrants compared to asians but have less financial success compared to other immigrant groups so go figure....

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@marijavasilevska1581]

Louise Story is so out of touch, if you add back in all the criminal activity these people are involved in, it's $1.20 to the dollar!

[@weho_brian]

Asians don't exist because we don't loot stores and commit murder

[@maltlickytexas]

Also factor in the fraud at Tyco, Enron, Worldcom, Madoff, BNY Mellon, Allen Stanford etc etc. as criminal activity by those responsible.😂

[@mattm9961]

And .07 was given through entitlement programs

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@marijavasilevska1581]

Louise Story is so out of touch, if you add back in all the criminal activity these people are involved in, it's $1.20 to the dollar!

[@americanaforever6725]

The largest factors are 2 parents, education levels, entrepreneurship, savings habits, homeownership & stock ownership. Cultural preferences influence these factors greatly.

[@seanjohnbig2664]

The largest factor is racism...Blks earn less than yt counterparts with similar experience and education...

[@serg320]

this is such a blank statement, is the 15 cents comparing black w/ whites who took the same path in life such as career, investment choice, spending habits? Wealth is the results of choices that compound over time.

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@eliot5220]

Are you serious? The biggest reason for the wealth gap is slavery and white privilege.

[@shaunmc013]

And generations of cotton money, don’t forget about that…

[@willtwain1383]

This is a storyline that suggests conditions that no longer apply in America. Personal wealth has never been so equally offered. The individual's desires determine your position in life. The book describes the pre-60s.

[@TheStockMan2019]

And financial education should be #1

[@goodbooks5134]

They should try to live in different parts of the world and will realize how lucky they are living in America.

[@MichaelRyan-l3p]

lol remember the glory days of Jim Crow . lol obviously that’s ur thinking lol

[@davidbird3438]

Do you think they paid Ebony Reed 15 cents in royalties for every dollar they paid Louise Story?

[@1128THEGREATEST]

“We are on a mission to make it a nationally known statistic” ..what does that mean? What happens when it’s nationally known vs now?

[@user-mu7vv7gb9f]

What's the point of this? Nobody wants to pay reparations. Black soldiers never got their 40 acres and a mule. Everyone has to figure out their own lives. Life's not fair, some are in the lucky sperm club some people are born rich too! Get on with your life and make the best of it.

[@EtienneBraslSr]

I solve the Black-White wealth gap WITHOUT any handouts or reparations in my book. This isn't a hard problem to correct at all. 🤷🏾‍♂️

[@Backtothecryptoverse]

So she just admitted the pay is the same but someone’s overhead is different

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@whatsdoin2392]

People vary widely in their essence. You can never change that.

[@MuaathAlkhattab]

Nothing stops this train without reparations to black Americans who descend from US Slavery. Inheritance makes the wealth gap persist and continually expand.

[@ssbob6101]

Will be getting a second opinion from Thomas Sowell on this🧐

[@cate9963]

This is so strange. Why do everyone have to have the same wealth level? That is called communism, period. People are born with different abilities and live with different circumstances, so the results differ. A government cannot and should not address every single gap, especially based on race or ethnicity. Instead, focus on opportunities and efforts. These elements will drive the country and society better, not the talk of equality alone.

[@genzinvesting8405]

I would be curious to know if the writing offers recommendations to mend this issue, or is it just pointing out that it exists?

[@BigTexMSH]

Nothing but excuses! It's sickening! There are plenty of black families (people) doing great thank you!

[@MuaathAlkhattab]

I’m glad they make the distinction between wealth and income. That is extremely important.

[@serg320]

we went from equal pay to equal wealth lmao

[@eliot5220]

Let’s race . I start now but you can’t start for about 150 years. Why can’t you catch up?😮

[@shaunmc013]

lol 😂 exactly, but you know all of this self pity for you not being able to catch up is a little too much..

[@eliot5220]

@@shaunmc013 No pity here but no one can deny the headstart that was given

[@davidbird3438]

If you wind the clock back far enough, we all started at the same time and in the same place. We’re all descended from the same Neanderthal. You’re just picking 150 years because it’s a convenient date for the story you want to believe in.

[@eliot5220]

@@davidbird3438 No it’s the amount of time that a group of people were held back by laws, enslaved and murdered and not allowed to participate in the economy. It’s actually longer than that 1619 to 1863 almost 250 years. Go read a history book.

[@davidbird3438]

@@eliot5220 Why not go back further? Do you think everything was equal in 1619? Or was there history before that which cause some groups to be “behind” others? For any date you pick we can always go back further and find that no two groups or individuals have ever been on the same level. So why do you get to pick the starting point when we start comparing? Why can’t we start in the 9th century when Europeans were living as serfs and Ghana was getting rich trading salt and gold? Read more than one history book.

[@asalvani82]

Meritocracy! Work hard and go get it. Not a penny to give!

[@goodbooks5134]

And, are we comparing them with the same educational background and same profession? Do they have both parents?

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@davidbird3438]

It’s like you might want to run a regression analysis instead of just comparing averages and medians.

[@face4me2]

Why is her mic messed up and they not fix?

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@newyorkernewjersey]

she only had 15 cents

[@southernphunk]

3:12 DEI hires were more white women at a rate of 63% 😂😂

[@seanjohnbig2664]

Same as affirmative action, lol

[@quinnh1398]

That's always been the case

[@marijavasilevska1581]

Louise Story is so out of touch, if you add back in all the criminal activity these people are involved in, it's $1.20 to the dollar!

[@SnapBackCollector211]

Meritocracy should be the goal in hiring. DEI programs are discriminatory towards individuals based on their racial background.

[@seanjohnbig2664]

DEI is correcting the current discrimination thats ensure yts have deep seated priviledge than other ethnic groups. The difference in education attainment between yts and blks is small and does not explain the wealth disparity

[@shaunmc013]

So is Louise complaining about her own family as well??

[@GrindMode366]

Her mic is running on $.15 to the $1 #wtf

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@bdk88]

But have you proposed a solution? Only identifying the problem, without presenting just and tangible ways of addressing it isn’t worth the paper it’s written on. How can you expect to hold someone inheritance against them? How do you expect to forgive student loans based on skin color? Some of these things can’t be solved as much as you would like to

[@MochaTallExpresso]

291 years… I could use some help getting my CDL at my job. Sooner rather than later-just saying.

[@IN-hw8it6]

Can't have it both, you either go for a career or for creampies. 🍀

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@christiancoronado]

Her point is irrelevant. The smartest, best prepared, and qualified people should have better opportunities

[@americandosx1815]

U R AN ANCHOR BABY................. MAKE MEXICO GREAT AGAIN

[@christiancoronado]

@americandosx1815 not mexican, and I am probably more successful than you'll ever be

[@americandosx1815]

@@christiancoronado NOT MEXI-CAN BUT AN ⚓👶🍼 WHO FLED HIS HOMELAND TO EAT OFF BLK FOLKS CIVIL RIGHT #TETHER

[@ganielbaruti6491]

🤮

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@MuaathAlkhattab]

Inheritance! Yes, exactly!

[@jaystewart4823]

Culture? Values? Habits and practices? Stats don’t tell the whole story. Maybe in 2024 there’s a much bigger reason for these ills. Fatherlessness? This interview is embarrassing, lacks a holistic and objective approach, and therefore is dishonest.

[@Lazaven]

Most school shooters and serial killers come from 2 parent homes let's not act like that's a magic pill. Also who incientivesed the split of the black family? The government did so if you really wanna have the conversation from a macro perspective we can do that because they're not talking about the factors or solutions just the problem

[@Anthony-ig5io]

Laud they cut off her mic.

[@MrMountain707]

Well if they didn't all buy Gucci and Hellcats.

[@eliot5220]

One of the dumbest comments

[@MrMountain707]

@@eliot5220 Black Americans spend twice as much as whites on luxury goods. Even though they make way less.

[@Backtothecryptoverse]

Don’t all poor people go to college for free? Some form of college

[@eliot5220]

Non poor people don’t go for free. They have to borrow money.

[@MackMTNZ]

Joe be asking the dumbest questions sometimes smh

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@RogelioSoto-i9d]

​@marijavasilevska1581 ok we get it you are racist and hate black people but you don't have to make other people feel like you do. We don't share the same hate as you. We just know the facts.

[@albertohancock2454]

What are people spending their money on?

[@MuaathAlkhattab]

I don’t her calculation and conclusion was accurate I.e. the wealth gap would close in 291 years. If I’m not mistaken, the black wealth position could reach the CURRENT white wealth position in 291 years. The wealth gap would still expand because the white wealth position would not remain the same but would also grow.

[@paulsaragosa371]

Enjoy your time ⏲️

[@brianohodges]

So what are you redistributionists going to do about it? Let's start with your earnings from this book being donated towards reparations causes.

[@hansel2001]

The book should be re-titled Vapid and Victims. If the authors don’t take a political stance on this issue, then how can you move towards a solution, which by the way they offered none of? It wasn’t until the end of the interview when Joe mentioned a possible solution. What WAS that?!? I am, BTW, pro-reparations.

[@bhupesh0111]

And an Indian is holding $2 in his wallet. 😂

[@dennisii2066]

Dots or feathers?

[@dennisii2066]

Dots or feathers?

[@bhupesh0111]

@@dennisii2066 you also know when u sweep and mop at a 7-11 owned by an Indian or you go to a DR with backache and the Dr is Indian too 😉

[@bhupesh0111]

@@dennisii2066 kzbin.infohrH-kRrX_oI?si=TvW70Ry5G-5S_fYU 🤣🤣

[@dennisii2066]

@@bhupesh0111 see average Indian where I live makes about a million dollars a year to get up and breathe, tax free

[@grandmiserthe3rd434]

Bidenomics

[@318rickyrob]

How can people try to deny hundreds of years of disadvantages black people have been subjected to? 400 years of enslavement, systemic oppression, and discrimination. Do some of you honestly believe the effects of all of that are gone? Societies are complex, it’s never that simple.

[@BadBackOz]

Majority of the immigrants I know who have come from worse situations than recent Black Americans have experienced are doing well, and many doing better than the average White person. From my experience, people keep looking to blame others for everything and use it as a crutch and don't put in a real attempt to get ahead. I don't deny that people draw different cards and have disadvantages in life, whether it's before they make it or even after they do. It's an individual issue. That goes for many in all kinds of walks of life. Fun fact, nobody is better off than Asians as a whole. Why?

[@318rickyrob]

@@BadBackOz if you’re ever really interested, there’s plenty of research online about this very topic. One thing I see, that makes a lot of sense, immigrants tend to leave their home countries and settle in the US where the most opportunity is. Black people born in this country, like myself, are more rooted. I was born in Louisiana, one of the poorest states in the country and one of the worst in terms of opportunity and upward mobility. Most people aren’t looking to blame anyone for anything. I’m doing well for myself DESPITE the disadvantages, but there’s no reason to pretend the disadvantages don’t exist.

[@zacharyfair6738]

Don't ready the "simple" comments. We know why this is... which is in-part a result of the country's history. What we need to know is are things getting better post civil rights/redlining real estate. If black families can/could own homes, which is the primary wealth of most americans, how would this change things?

[@newyorkernewjersey]

not 50 cents? (the black rapper)

[@Mkundera]

Books like this aren't helpful The authors seem to be quite impressed by this 15 cents on the dollar number but there is really very little information in that number. They say they aren't political but inherent in their framing of the issue they think some sorts of interventions are called for, there is something systemic going on. Yet, if after 60 years of transfer programs, Great Society welfare programs and set asides we are still at 15% like the 1950s (as she claimed) this might not make the argument the authors think it does.

[@travistarr9433]

More worried about Juneteenth than Fathers Day

[@Lazaven]

Fun fact: most serial killers and school shooters are white and come from 2 parent homes. So try to be a little less loud when you're wrong.

[@RichardKing-sx6xc]

😂😅😆🤣

[@jaehparrk]

only way to fix this problem is to pay workers in stock shares instead of cash. That will make workers think twice before selling and spending

[@kendog29]

Don’t give in to pandering. Between this and a pronoun PSA I had to hear on one of the recent podcasts, I worry CNBC is going in the wrong direction.

[@shawnsdrumcave]

if you aren't going to include culture this is a dishonest conversation

[@Lazaven]

If you're on the outside looking in you can't make pronouncements about culture because it's misrepresented to you. Everyone is not the same and there is a minority of the population who behaves that way it may also interest you to know urban white youth exhibit the same characteristics but you would never say culture is a problem for white people. When you're speaking from a place of not having all the facts it's easy to express uneducated and uninformed statements like the one you just made

[@paulsaragosa371]

Love s yall is a drugs

[@financeaccount6628]

They're also the race with the most BMW & Mercedez Benz'. Nice try Soros

[@paulsaragosa371]

Women's are the motivational

[@cameron9643]

left wing policies did this. good job cnbc!

[@Isaacaguilar30]

that's some BS!

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@butterflycrimescene12]

L

[@51isALL]

#ADOS

[@paulsaragosa371]

My well face it your addiction to love ❤️ song by Robert palm er song lyrics 1980s play song lyrics save

[@TheMangoman72]

The comments alone here speak volumes...hate is rampant even from other minorities..it's sad . The level of ignorance is beyond repair...America is doomed..but remember who has fought,built and died so others can benefit...smfh

[@dennisii2066]

Could it be because the average Anglican Americans top priority when they get ahead is not to buy rims or bling?😅

[@marijavasilevska1581]

the 15 cents on the dollar does not reflect all the criminal activity they engage in and thus is not reflected in the traditional banking system. Louise left all that out, she is out of touch with reality.

[@dennisii2066]

​@@marijavasilevska1581and apparently even with all the criminal activity they still only have 15 cents for every dollar we have.

[@marijavasilevska1581]

@@dennisii2066 are you sure? The muggings, drugs, carjackings, home invasions, what about the NBA/NFL/MLB players? Are you saying it's all offset by the amount of incarcerarations?

[@dennisii2066]

@@marijavasilevska1581 No what I'm saying is despite engaging in criminal activity to acquire ill-gotten gains, they still only have 15¢ for every dollar we have, for example for every dollar we have organized crime probably has several hundred, these people are not ORGANIZED so despite engaging in criminal activities they still ONLY have 15¢

[@marijavasilevska1581]

@@dennisii2066 that's pretty sad?

[@RealAmericaJohnCarreras]

You support DEI but it’s not political? 🤣 Your lame book will fail. You build wealth by working and investing. Hint Hint… 😏

[@kappatoflash]

This is such an uneducated statement. You clearly do not understand what DEI is or how wealth is built. How do you work and build wealth when you have limited opportunities?

[@dennisii2066]

​@@kappatoflashNo I think it's true, if you take wild animals and feed them, house them and basically provide for them, generationally they will lose their hunting instinct and fail to provide for themselves in the wild

[@ssuwandi3240]

Absolutely. A race diversity isn't a skill. These people would likely thrive outside of office jobs

[@dennisii2066]

@@ssuwandi3240 they might have thrived if they weren't given a hand out, every other group that has come to this country has been here for a shorter period of time and surpass them as a group in terms of reliability, desirability to live around and overall success

[@ssuwandi3240]

@@dennisii2066 because China and Russia would use a new bank set up for BRICS trades.