5 Reasons Why Black People Are Still Broke

5 Reasons Why Black People Are Still Broke

Change needs to come.
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According to statistics from The State of Working America, African Americans made up about 12 percent of the population in the United States in 2015. With that being said, African Americans are also among the poorest races with 27.5 percent of them living in poverty. What's even more disturbing is that 45.6 percent of children aged 6 and under live in poverty.

Essentially every other black kindergarten student is living in a home where the income is below what the government sees as necessary to live. Unfortunately, this trend continues for generations of black people and I believe that I know five important reasons as to why this race is so impoverished.

1. Black people spend more money than they make.


African Americans over the age of 18 make up 39 percent of Master Card holders. Of that 39 percent, many spend their limit monthly and seldom have the money to pay the balance in full at the end of the month. Essentially black people are spending money that they don't have and won't have at the end of the month. This trend of building never ending debt is partially why their poverty numbers are so high.

2. Black people don't support black businesses.

Every race with the exception of black people seems to support the businesses of their own. Being an entrepreneur is one of the most popular ways to make high residual income. Black people buy products from brands such as Jordan, Louis Vuitton, and Ralph Lauren at an alarming rate. The prices of these brands are very expensive, however, those same black people would cringe at the thought of paying $20 for a black owned clothing product saying, "It's too expensive." The question here would be is the product too expensive or not "renowned enough?"

3. Black people don't save their money.

As soon as black people get a huge chunk of money or their tax refund it appears that they all flock to the nearest high-end fashion spot to splurge. Seldom do black people save their funds or invest them into things that will last or that could make them more money down the line. According to The State of Working America, black people spend 4 percent more money annually than any other race despite the fact that they are the least represented race and the race that lives in poverty at the highest rate. There's a clear problem, so read that sentence again and let it marinate.

4. Black people don't know how to invest.

If you ask many black people aged 18-25 it should not come as a surprise that investing in stocks or buying bonds is a foreign concept. Many young black people work and spend their money on items that either decrease in value after being bought or are not sustainable. Cars and sneakers are prime examples of such things.

5. Black people aren't working towards getting out of poverty.

Even after reading this article there are many black people that will not work towards changing their situation. After centuries of slavery, black people must realize that they are behind with regards to having generational wealth. Black people must fight to create the wealth where they will have trust funds for their children or wealth that can be passed down. Too many black people tend to only worry about themselves and the money that they have in the moment. As a race, black people need to build for the future and get out of that mindset of the now.

Wealth is not everything, however, it has been proven that with it, you get better educational opportunities and a better environment for children to develop and go on to become well-functioning members of society. There are the Jay Z's and P. Diddy's of the world but they are far and few in comparison with how most black people live. Change needs to come, black people, this is something we have control over so no more excuses.

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14 Fraternity Guy Gifts Ideas, Since He Already Has Enough Beer

Frat boys are a species of their own and here are some exciting gifts they will be ecstatic to receive!

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What more do frat boys love than alcohol, partying, and just acting stupid? Here are some gifts that help fulfill all of those needs for the frat boy in your life!

1. Beer holster belt

Whats better than one beer? Six beers! This fashionable camouflage accessory can be used for tailgates, beach days, formals and everything in between.

Price: $8.49

2. Phone juul holder 

You know those cardholders everyone sticks on the back of their phones? Well, now a Juul holder for your phone is on the market! This will save your favorite frat boy from ever again losing his Juul!

Price: $10.98

3. Animal house poster 

This Animal House poster is a classic staple for any frat boy. This poster will compliment any frat house decor or lack thereof.

Price: $1.95

4. The American Fraternity book

Does the frat boy in your life need a good read for Thanksgiving or winter break? Look no farther, this will certainly keep his attention and give him a history lesson on American fraternity heritage and tradition.

Price: $28.46

5. Beer pong socks 

These snazzy socks featuring beer pong will be loved by any frat boy. As for the way to any frat boy's heart may, in fact, be beer pong.

Price: $12.00

6. Condom case

This condom carrying case will not only protect condoms from damage but also make frat boys more inclined to practice safe sex, which is a win-win situation!

Price: $9.99

7. Frat house candle

Ahhh yes, who does not like the smell of stale beer in a dark, musty frat house basement? Frat boys can make their apartment or bedroom back home smell like their favorite place with the help of this candle.

Price: $16.99

8. "Frat" sticker

Frat boys always need to make sure everyone around them knows just how "fratty" they are. This versatile stick can go on a laptop, car, water bottle, or practically anywhere their little hearts desire.

Price: $6.50

9. Natty Light t-shirt 

Even I will admit that this shirt is pretty cool. The frat boy in your life will wear this shirt at every possible moment, it is just that cool!

Price: $38.76-$41.11

10. Natty light fanny pack 

This fanny pack can absolutely be rocked by any frat boy. The built-in koozie adds a nice touch.

Price: $21.85

11. Bud Light Neon Beer Sign 

A neon beer sign will be the perfect addition to any frat boys bedroom.

Price: $79.99

12. Beer Opener

Although most frat boys' go to beers come in cans, this bottle opener will be useful for those special occasions when they buy nicer bottled beers.

Price: $7.99

13. Frat House Dr. Sign

Price: $13.99

Forget stealing random street signs, with this gift frat boys no longer have to do so.

14. Beer Lights 

Lights are an essential for any party and these will surely light up even the lamest parties.

Price: $17.19

Please note that prices are accurate and items in stock as of the time of publication. As an Amazon Associate, Odyssey may earn a portion of qualifying sales.

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20 Thoughts That Cross The Mind Of Every Girl While Christmas Shopping At TJ Maxx

So. Many. Candles.

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It's finally Christmas time and TJ Maxx is every girls go to store for the perfect presents for everyone on their list. Although most times we buy way more then we need. Here are a few thoughts constantly going through our mind at TJ Maxx.

1. Does anyone I know acutally need this? YES! 

2. SO MANY CANDLES. MUST SMELL THEM ALL. 

3. HOW IS THIS ONLY $5? I'm buying two and I don't even know who they are for.

4. My mom already has like 15 sweaters this color but it's only $12.99, how can I NOT get it?

5. Wait I need this, might as well treat yo' self!

6. THIS QUOTE IS SO CUTE!

7. I've only been here for an hour, I'm doing so good! 

8. I should have brought someone to stop me.

9. OMG this would be perfect for my boyfriend's mom's brother's dog!

10. Kate Spade pens? Hell yeah.

11. EVERYONE GETS A MUG!

12. These fuzzy socks are SO SOFT.

13. Ugh, why doesn't anyone in my family have a baby that I can buy this Christmas onsie for?

14. I'm going to get this for my mom, but I will probably end up using it more.

15. I don't have my own house yet, but I am so going to buy this for when I do.

16. Hmm, organic deoderent...sounds interesting. *throws it in cart*

17. Might as well buy a bunch of cute gift bags and wrapping paper to put all of these presents in!

18. Oh no, the check out line is really going to get me.

19. I only grabbed a mug, nail polish, and some gourmet popcorn! I'm sure somsome will appriciate these as presents. 

20. Sorry, hold on, let me just grab a new reusable bag.

21. My total is WHAT? oops...

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