On black people and money: Probably few poor nations waste more money by thoughtless and unreasonable expenditure than the American Negro, and especially those living in large cities Thousands of dollars are annually wasted in excessive rents, in doubtful societies of all kinds and descriptions, in amusements of various kinds, and in miscellaneous ornaments and gewgaws. The Negro has much to learn of the Jew and Italian, as to living within his means and saving every penny from excessive and wasteful expenditures. — W.E.B. Dubois He loves fine clothes and good living a good deal more than he does a bank account. — Jacob Riis I saw young coloured men who were not earning more than four dollars a week spend two dollars or more for a buggy on Sunday to ride up and down Pennsylvania Avenue in, [sic] in order that they might try to convince the world that they were worth thousands. I saw other young men who received seventy-five or one hundred dollars per month from the Government, who were in debt at the end of every month. Among a large class there seemed to be a dependence upon the Government for every conceivable thing. The members of this class had little ambition to create a position for themselves, but wanted the Federal officials to create one for them. — Booker T Washington Do you believe these assessments of black spending habits are true today? If so, what can we do to promote better financial management in the black community? thenegroproblem.net/
Posted on: Fri, 02 Jan 2015 15:45:53 +0000