General Discussion
In reply to the discussion: George W. Bush’s Great-Great-Great-Great-Grandfather Was a Slave Trader [View all]Igel
(37,245 posts)However, "people of color are typically wealthy, seldom in debt, usually well educated and often with great experiencing in managing money" would strike most as counterfactual.
By "experience in managing money" I don't understand the poster to mean "experience in handing limited funds while ensuring survival" but managing investments and securing a good ROI.
If it were true, we would be talking about "black privilege" and we wouldn't be worried about the "achievement gap" in education, the earnings gap in income, the wealth gap in accumulated wealth, or the difference in unemployment figures.
It's a generalization. Many don't meet the requirements of the generalization, but the counter-generalization is even more problematic. (Generalizations should be understood for what they are: fuzzy statements of statistical trends, not exhaustive quantification over the set in question with checking to be certain that each member of the set in question is adequately described by the conditions set forth.)