Black excellence is routinely celebrated in professional sports, with Black athletes representing 73% of NBA players and 58% of the NFL. This year’s Super Bowl featured two Black quarterbacks, in another example of Black men making athletic history. And while Blacks continue to excel in this capacity, unfortunately, we continue to lag in one critically important arena: homeownership. According to a recent report, the Black homeownership rate continues to trail our White counterparts in this country by 30 percentage points. And while it is true that Blacks on average have less annual income than Whites, the Black dollar is responsible for a large portion of consumer spending in our country…
Wait a minute–we make less money than other races, but spend more on luxury goods and services, and have the lowest homeownership rate of any other race.
Something is not right here.
Read the rest of Tai Christensen’s op-ed for the MReport here.