Gentrification Minorities

1255 Words6 Pages
Gentrification, minorities in the economy Poverty has always been a problem among minorities, especially in the black community. Many hard working blacks in America struggle to make ends meet and to obtain a home that they can afford. An article report from Blackdemographics.com titled “Black Poverty and Housing”, reports that more than half of all African Americans rent and 53% of those spend more than 30% of their income for renting.” Having to use so much of one’s salary just for housing makes it hard for African American to make minimum wage to survive. African American has been the leading ethnic group in America below the minimum wage line but in recent years, The Latino community is surpassing blacks in living…show more content…
Minority workers have fewer employment opportunities, lower wages, or both as compared to their white families. This leaves them way lower income and very slow economic growth, compared to white people. As a result, minorities are less well situated than white families to save money and have the opportunity to build wealth and assets that has helped them as a backup through these economic times. When hard economic times hit, minorities find themselves in a dangerous and unsecure economic situation faster than is the case for white families. Minorities are among the hardest hit in the economic depression. An article by Amanda Logan and Christian E. Weller titled “The state of Minorities: The recession Issue” states, “More than one in four African Americans and Hispanics is officially recorded as living in poverty. About one in 10 white Americans fall below the poverty line”. As a result to minorities that are unemployed , fall below minimum wage, little or no education or just getting…show more content…
The rise of new improvements in these neighborhoods means the rise in property taxes for those who can afford it and willing to pay for a better life. The negatives part of gentrification is the low income families who reside in these communities, are suffering trying to keep up with the new change. Some of these people own house in these communities passed down to them from older generations. Some of these families moved into the neighborhood because it was affordable and a place they can call home. With the economy still struggling, it makes it even harder for low income families trying to meet up with the developed middle class neighborhoods that they reside in. Some families are forced to move into even worse neighborhoods and even some families are moving down south because of the cheap cost of living, despite the lower salary they may receive. Low income families want change and improvement without mortgage, rent and property taxes rising. They rather have things stay the way they are and still be able to continue living
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