Education Is Not Great Equalizer for Black Americans

By Kimena Nuhu

Gaps in wealth, not in education, between black and white families may be the most powerful force locking Americans into their social class.

In the story of the American Dream, education and a good job are supposed to erase the class differences into which we are born and open opportunity to anyone with merit and grit, regardless of race. But new research is showing that getting another degree or a higher paying job may do less than believed to make good on the American Dream for families of color.

Black Americans with college degrees have less in savings and other assets than white Americans who dropped out of high school. According to a recent calculation of 2011 figures by a group of academics, the median household headed by a black college graduate had about two thirds of the net worth of the median white household headed by someone who did not finish high school.

"The data shows that a job or an education are not the panaceas we think they are," says Darrick Hamilton, PhD, a New School economist. Hamilton produced the figures, which will be released in a forthcoming report, using Census Department data, along with Duke University's William Darity, Jr, PhD, and Rebecca Tippett, PhD, of University of North Carolina. Other research has shown similar wealth disparities between white and Latino families.

"When you look descriptively at families, we see that education does not erase the racial wealth divide," Hamilton said. Source from BBC News.

NEVER GIVE UP

How To Never Give UP

1. Stay alive. As long as you are alive, anything is still possible.

2. Lower your expectations.

Most successes are not overnight successes. It’s the job of every PR Company hired by a newly successful start up to make that start up look like an overnight success. You hear things like, “They just hacked this in a couple nights on the weekend, and a week later got a million users” or “it was just a hobby they were doing on the side, but then one day the site crashed because of traffic.”

3. Remember that you are stronger than you think.

At times, you might privately think to yourself that you can’t handle the pressure. You have to persist. And just doing the same thing is not enough. You must try different things before you learn what works. Let’s say of the 99 things you have tried, nothing works well. Will you try the 100th thing? If you think about it, the 99 failures have almost no bearing on the success of the following one, as long as you trying different things.

4. Fake it. Other people will do the same. They will never give up, why would you?

Fake success. Everyone does. You should as well. Don’t lie, but act as if you already succeeded. It makes a difference.

5. Don’t compare yourself to people who already succeeded.

Never give up if move up and down is doing great. You never know how he is really doing.  Even if you think you know, you don’t.
After you have done all of this, you will fall into the dip. It’s the lowest point in your whole journey, a hopeless-looking place that comes right before success. When you fall really low, take a bunch of risks and fail people around you, you have nothing to lose, and that is exactly the time you are likely to take you biggest risk and possibly succeed.

 .....................................................MARIKI HEAVENLIGHT................

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