tag:blogger.com,1999:blog-792291067579736023.post5535384389736713308..comments2023-10-09T05:22:06.981-07:00Comments on The TYC Zone!: Economics: Economists say black Americans suffer more during recessionTYC Los Angeleshttp://www.blogger.com/profile/05684426470422584432noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-792291067579736023.post-46672351504178565492009-01-12T23:30:00.000-08:002009-01-12T23:30:00.000-08:00As they say, "A recession in White America, is a d...As they say, "A recession in White America, is a depression in Black America".<BR/><BR/>So true. There aren't that many Black people in the top 1% of earners, so everyone is being hit hard.<BR/><BR/>I still don't understand why Black-Americans spend so much money on disposable goods, even though there's a recession. I mean, your weave and ps3 aren't going to keep you warm if your house is being foreclosed. <BR/><BR/>I feel like if we had better financial education as a community we could make better decisions. That way every recession wouldn't spell disaster for so many of us.Anonymousnoreply@blogger.com