NAMs and financial troubles: Steve Sailer has made a strong case that the practice of giving minorities home mortgages they couldn't pay back was an important cause of the current economic crisis. If you're like me, your anger is directed mostly at the elites who exploit political correctness for personal gain. Unfortunately, I can't document their greed with surveys, so this blog is typically left with the next best thing: showing that the political correctness is lies and bullshit.
The General Social Survey asked people a number of questions about financial troubles. Here are the percentages who answered yes by ethnic group (N = 1,873):
Percent who have been pressured to pay bills in the past year
Black 27.3
Mexican 24.7
American Indian 24.4
All Americans 15.0
Irish 14.1
German 13.3
Italian 11.9
English/Welsh 11.8
Percent who have had car repossessed in the past year
American Indian 5.6
Black 2.4
Mexican 1.1
All Americans 1.0
Italian 0.9
Irish 0.4
German 0.4
English/Welsh 0.4
Percent who had to pawn stuff in the past year
Mexican 10.1
American Indian 8.9
Black 7.3
German 6.2
English/Welsh 5.5
All Americans 5.4
Irish 3.3
Italian 2.8
As we've seen with posts dealing with many different indicators, NAMs by their own admission have higher rates of social problems than others. They are not simply whites or Asians in cockeyed baseball hats, and they're not marionettes to the white puppet master.
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Great factual information of the irrefutable kind.
ReplyDeletePressure to pay bills is racist.
ReplyDeleteSome of the differences in pawn shop usage may be attributable to the ways that different groups view the use of pawn shops. It may be more traditional and acceptable in some communities than in others.
ReplyDeletePeter
"Some of the differences in pawn shop usage may be attributable to the ways that different groups view the use of pawn shops. It may be more traditional and acceptable in some communities than in others."
ReplyDeleteFor what, loans? Haven't you hard of the CRA?
Ron, You should write a book, putting all your GSS statistics in one place. Any chance a month or so before the "Comprehensive Immigration Reform" comes up in September?
ReplyDeleteIf you're not correcting for income/wealth, then this is 100% worthless. Gee, poorer people are pressured to pay their bills more often? Shocking!
ReplyDeleteJA: You need to round out the mantra. NAMs are poor because of whites.
ReplyDeleteIt's all so obvious, isn't it? Poverty --> Financial Trouble.
You ruled out that the correlation of poverty and being bad with money could be due to racial differences because that's logically impossible, right?
Italians are pretty affluent then, aren't they?
ReplyDelete