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Why Do Poor People Waste money on Luxury Goods

 
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noneyons View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote noneyons Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 2:27pm
Originally posted by kfoxx1998 kfoxx1998 wrote:

I actually WISH the charts were vastly different.  To me it symbolizes our need to assimilate in American Culture which to me = bad. 

and that's pretty much the bottom lineHug

trying to keep up with the jones' when the jones'  keep building their wealth and metaphorically we don't even have a collective pot to piss in.

this is why i'm losing faith.


Edited by noneyons - Nov 12 2013 at 2:28pm
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noneyons View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote noneyons Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 2:34pm
for general emphasis:

Money circulates zero to one time within the black community, compared to the more than six times it circulates in the Latino community, nine times in the Asian community and unlimited amount of times within the white community


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Post Options Post Options   Thanks (2) Thanks(2)   Quote kfoxx1998 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 2:40pm
Originally posted by noneyons noneyons wrote:

for general emphasis:

Money circulates zero to one time within the black community, compared to the more than six times it circulates in the Latino community, nine times in the Asian community and unlimited amount of times within the white community




This should be emphasized I/A.  I just don't see how poor blacks can have any influence on this.  Those of us with the means have zero faith in building businesses in our own communities outside of:

Hair Salons
Barber Shops
Beauty Supply
Soul Food Restaurants.

I know we can offer more than this.   We need a cultural entrepreneurial shift.    We spend a great deal of our valuable time (from around age 20-30) running away from our roots (moving on up) and when we get there we just want to stay and never look back.   We have a lot of work to do.

ETA:  I wish I had never left but I'm back now thinking of things I can do to bring something other than the above to my hood.


Edited by kfoxx1998 - Nov 12 2013 at 2:41pm
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Post Options Post Options   Thanks (1) Thanks(1)   Quote noneyons Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 3:01pm
the bureau of labor statistics actually proves the disparity of consumption among races; showing that blacks and hispanics spend up to 30% more than whites with comparable incomes on visible goods (clothes, cars, jewelry). 

but to hell with comparison because, again,  i could care less about what white people spend their money on. doesn't mean our conspicuous spending habits shouldn't be analyzed.


uuuuggh, this topic frustrates me sooo much because i don't foresee any tangible progress coming out of our talking heads.

we're way to complacent. the first step in healing is admitting that there is a problem and owning up to our contribution to said problem.

but maybe we don't see the need for economic progress at all. 


by we, i mean the collective we. not anyone in particular.


Edited by noneyons - Nov 12 2013 at 3:04pm
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Post Options Post Options   Thanks (1) Thanks(1)   Quote noneyons Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 3:18pm
as long as the people complaining about the pink slime that make up mickey d's mcnuggets aren't the same people spending 20 dollars a week ordering off their value menu which contributed not only to their diabetes flaring up and them not being able to pay their phone bill, but last tuesday's spike in mc donald's stock, all is well. 

i give up.  



Edited by noneyons - Nov 12 2013 at 3:22pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote OoDles O Quote  Post ReplyReply Direct Link To This Post Posted: Nov 12 2013 at 5:17pm
awww... don't give up NoneyHug
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