Monday, December 18, 2017

‘Not a typo’: Disbelief as Boston Globe confirms median net worth of black Bostonians is $8

 ‘Not a typo’: Disbelief as Boston Globe confirms median net worth of black Bostonians is $8

After 87 Years of Democrat Rule, Net Worth of Average Black Bostonian Revealed

The Boston Globe had to explain there were no typographical errors in its report about Boston’s black community. Readers contacted the paper after it reported the median net worth of African-American households in the Boston area is a paltry $8. 
 
The Boston Globe’s Spotlight investigation team cited the statistic in its first installment of a series focusing on Boston’s black community and the city’s reputation as one of the most racist urban regions in America.
Sandwiched between other realities facing African-Americans living in the periphery of Massachusetts’ capital, the eyebrow-raising statistic left many readers wondering if the number was a typo, prompting the Boston Globe to write a follow-up article the next day, on December 11, titled:

“That was no typo: The median net worth of black Bostonians really is $8.”

More @ RT

10 comments:

  1. This article is bogus. Vagrants have a net worth more than $8. Massachusetts welfare benefits are very generous. Food stamps and other government subsidies are also generous. Given that a pair of trousers is worth $8 there is no way this claim is correct.

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  2. Net worth, the report said, is determined by “subtracting debts from assets.”

    https://www.bostonglobe.com/metro/2017/12/11/that-was-typo-the-median-net-worth-black-bostonians-really/ze5kxC1jJelx24M3pugFFN/story.html

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  3. How many are retired NBA and NFL players?

    Y'all have a nice day.

    ReplyDelete
  4. That goes with an article I read a while back. The conclusion of the article was, if you have no debt and a $10 bill, you are in the top 50% of net worth in America.

    Badger

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    Replies
    1. https://www.forbes.com/sites/timworstall/2016/08/02/if-you-have-10-and-no-debt-you-are-richer-than-15-of-american-households-put-together/#17431cfa989e

      Delete
    2. Thanks. https://freenorthcarolina.blogspot.com/2017/12/if-you-have-10-and-no-debt-you-are.html

      Delete
  5. There is no way the median is greater than zero. They must have neglected delinquent cell phone bills.

    Steve in Greensboro

    ReplyDelete