The U.S. insatiable appetite for goods and services at cheaper prices (which nations like China services us with) has had an adverse effect on the U.S. economy. It’s like a Catch 22 kind of thing.
At any rate… the U.S. standard of living has dramatically declined for Black-Americans within the generations of Generation X on down. It has already been reported - but I knew this from blatant observation - that said generations almost certainly
move into the poor class if they were raised middle-class.
I like to tell black folks - because few of them realize it - that if it weren’t for all the middle-class housing of the black Baby-Boomers (parent of Gen X) the vast majority of the younger generations of Black-Americans would be forced to live in make-shift housing. Essentially forming the vast stretches of squatter camps called “favelas” in Brazil. Or the squatter camps that were typical in the U.S. during the Great Depression.
So, previous generations glories cosmetically, architecturally cover-up the true extent of the economic problem. Consider that at my age of 41 as a black male in Milwaukee with an income of roughly $12,000 a year I’m regarded as
not great but pretty well off relative to most other black males my age and younger. Many haze the income of $0 (
zero).
Furthermore, roughly 600 people are shot in my city annually, some years a little less and some years maybe a couple hundred more than that. But the actual homicides never exceed 100 usually. This in a span of 365 days within a year. And this with almost all the shootings and homicides occurring on the black sides of town.
So, the quality of life for black by both the Baby-Boomers and WWII Generation of blacks has plummeted astronomically for the younger generations. My generation (Gen X) is in fact often referred to as “The Lost” generation (meaning a whole generation wiped out to drugs, murder, prison, and unemployment).
Most the poor ethnic White-Americans like the Italians, Sicilians, and Irish left poverty in the 1960’s. Most of their Generation X and younger generations do better than their Baby-Boomer and WWII Generation.
For Black-Americans no loss - I hypothesize - has been so great since the end of Reconstruction Era when the KKK essentially took over various city and state governments.
City-Data.Com is pretty awesome site for statistical data on cities of the United States.
Source:
city-data.com/city/Milwaukee-Wisconsin.html
From the link: Milwaukee city income, earnings, and wages data.
(a)
city-data.com/income/income-Milwaukee-Wisconsin.html
For Whites:
Distribution of median household income in 2009 (number of people). You can see for ages 25 - 44 the chart peaks at $60k - $75k.
For Blacks:
Distribution of median household income in 2009 (number of people). You can see for ages 25 - 44 the chart peaks at < $10k [the symbol < means “less than”]