Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
A new study from the US Center for Economic Development indicates that single black
women, even in their peak earning years, have a median net worth of only $5. Net worth is
measured by taking a person’s assets – bank accounts, investments, real estate – less mort-
gages, outstanding loan, credit card balances and other debts. The figures in the study are
based on 2007 data and, after the economic downturn, would no doubt be worse now.
The category “single women” includes those who are living singly, single parents, divorced
and widowed. Their median assets are revealing. To illustrate the distinction between aver-
www.realtor.ca
age and median, suppose 5 people have assets respectively of $3, $4, $5, $7 and $11. The
average asset value is $6; the median is $5. It takes a whole lot of empty-handed black
Your very own park! women to set the median at $5. Many may have had some asset value but their debt was far
An Incredibly huge lot, full of fruit trees and
flowers. The house oozes retro charm. The
greater. Undoubtedly, much of that debt was comprised of credit cards and sub-prime mort-
large living room features a fireplace and built gages. This type of mortgage accounted for over 45% of all US mortgages outstanding at the
in bookshelves. The master bedroom has his-n- time the market imploded in 2009. The wave of subsequent bankruptcies wiped out a lot of
hers closets. An attached garage completes this debt but it also eliminated the assets. The women in the study now have even less to
this home.
nd show for themselves.
811 2 St E, Shaunavon
The 2008 black population in the US was 41.1 million of which 52% were women. Not all
● MLS #344603 were single by definition but many were. If these women have virtually no assets and little
to no credit then I imagine that Hispanic women in the US are no better off. These women
represent the poorest of the poor in the wealthiest nation in history. They are also the people
in the US who are the least likely to have access to medical insurance.
I not only ask myself how this is morally tolerable in so wealthy a nation but also how this
type of circumstance cannot lead to anything but a disastrous economic outcome in the en-
suing decades as the population ages. Canada is far ahead in its approach to social responsi-
Great Films!!! bility but we will still feel the seismic effect of the sinking of the US “Titanic” economy if
they do not approve a national health care package soon. The long term costs of poverty
Fridays @ 7:00 pm come back to us as crime and diseases like TB. They are always substantially more expen-
sive than any country can afford to ignore. JK
April 6
Congratulations!!
7:30 pm
Darren Holmberg has been officially
appointed as the new Post Master
at
in Eastend.
The Club House
We’re all delighted to have him.