Who will bail out the hood is an article first wrote in 2009 it was a question meant to awake the community, it was motivate by Dr. King’s speech Community or Chaos in which Dr. King made the follow statement “To be a Negro in America is to Hope against Hope,” many will say this does not apply today to them I say one word should change replace Negro with Minority and you have the chaos.
Many will say we need look no further than the White House to see the flaw in this argument and that is a true statement but not for the flaw but for the truth of the argument many voted for change but have got double for their trouble.
Below are the economic indicators of America MinoritiesUnemployment:
The unemployment rate increased at a faster annual rate for African Americans and
Hispanics than for other groups. Both African Americans and Hispanics’ unemployment
rates increased an average 3.6 percentage points per year. White Americans’ rate increased
an average 2.5 percentage points per year'”still an alarming increase'”and Asian
Americans’ unemployment rate increased 2.0 percentage points annually.
Broken down by age, young people experienced far higher unemployment rates than the
rest of the population. African Americans and Hispanics aged 20 to 24 saw their unemployment
rise faster and to higher levels than those between 25 and 54 years old. Young
African Americans’ unemployment rose 4.8 percentage points annually since the start of
the recession, resting at 26.4 percent at the end of 2009. Young Hispanics’ rate went up
4.7 percentage points per year to 17.2 percent. In comparison, the unemployment rate for
African Americans and Hispanics aged 25 to 54 were 13.2 and 12.1 percent, respectively,
at the end of 2009.
These stark age disparities also exist for whites and Asian Americans. Young whites’ unemployment
was 12.9 percent in December 2009 and young Asian Americans’ unemployment
was 11.3 percent. This is compared to 8.0 percent unemployment rate for whites
aged 25 to 54, and 7.0 percent for Asian Americans aged 25 to 54.
Median Household Income:
Median household income is the most comprehensive measure of economic wellbeing.
Data on weekly earnings show how much people are getting paid on the job, but the
Census’ income data includes income from outside the workplace as well, such as additional
private or public sources.
Overall median household incomes declined from 2007 to 2008. Asian-American income
decreased the most by $2,840 in 2008 dollars, while the incomes of Hispanics, whites, and
African Americans decreased by $2,252, $1,500, and $1,056 in 2008 dollars respectively
from 2007 to 2008.
There was little difference between the 2008 disparities in household income and those
that have existed throughout the decade. African Americans continued to have the lowest
median household income: $34,345 in 2008 dollars. Hispanics’ median household income
was $37,913. White Americans had a median income of $55,530 and Asian Americans had
a median income of $65,567 in 2008 dollars.
These large gaps in income, with late 2009 Hispanic and African-American household
incomes at 65.1 percent of household incomes for white households, are nothing new.
In 2001, Hispanic and African-American household incomes were 66.7 percent of
The recession has caused household incomes to decrease for many American households.
And Hispanic and African Americans’ household incomes decreased more than
three times faster than whites’ from 2000 to 2008. African Americans’ household income
decreased 1.0 percent per year and Hispanics’ income decreased 1.1 percent per year,
while white Americans’ income fell by 0.34 percent per year. Asian Americans’ income
decreased by 0.8 percent per year.
The share of the population below the poverty line, which today is $21,203 for a family
of four, reflects the number of households without sufficient income to meet basic needs.
The poverty rate increased across the board in 2008, showing the impact of the first year
of the recession. Poverty rates among African Americans and Hispanics are more than
6 Center for American Progress | The State of Minorities in 2010
double the percentage of white Americans and Asian Americans in poverty; 8.6 percent of
whites and 11.6 percent of Asian Americans are in poverty, while 24.7 percent of African
Americans and 23.2 percent of Latinos are under the poverty line.
Poverty data also reveals that little has changed in the last eight years. African Americans’
poverty rate is 2.2 percentage points higher than it was in 2000. For Hispanics, the rate is
1.7 percentage points higher. Whites and Asian Americans have seen 1.2 and 1.4 percentage
point increases, respectively.
Having health insurance is a crucial component for a family’s financial stability, given
rising health care costs and the burden such costs can place on a family. The percentage
of those with health insurance varies widely between African Americans, Hispanics, and
white Americans. Hispanics have consistently had far lower levels of health coverage than
African Americans and whites throughout the decade. In 2008, 30.7 percent of Hispanics
did not have health insurance compared to 10.8 percent of whites. This is an improvement
from 2007, when 32.1 percent of Hispanics were uninsured.
African Americans’ insurance levels aren’t as dramatically low as Hispanics, but the number
of uninsured is still 8.1 percentage points higher than white Americans. In 2008, 18.9
percent of African Americans lacked health insurance
The numbers are what make the argument for chaos and no hope for the forgotten of America we here about nine percent unemployment and onehundred thousand job save or healthcare for all but tht’s not the whole story.
U.S. Department of Labor, Bureau of Labor Statistics, “Current