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Originally Posted by Munchkin03
It's just a messy situation all around, and today's black professionals--most of whom were either first generation college students and/or first generation homeowners--were more vulnerable than their white colleagues with similar education and income.
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I agree 100% and I think THIS is the problem - it's like the old story of poor people winning the lottery one week and being broke again the next. People who weren't taught how to properly manage their money are, in my opinion, at higher risk of losing it. I was just talking to someone about this today as I am a first generation college graduate and will soon be the first person in my family with a PhD. I have no idea what it takes to pay for a house because my parents never owned a house and we were evicted twice.
Just because you make "six figures" doesn't mean you know how to MANAGE that much money. I think this is a hard concept for people to grasp so they end up bankrupt and in foreclosure.
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"When pride comes, then comes disgrace, but with humility comes wisdom" -Proverbs 11:2
"Therefore, as God's chosen people, holy and dearly loved, clothe yourselves with compassion, kindness, humility, gentleness, and patience" -Colossians 3:12
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