Can Black America’s middle class be saved?

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LEE A. DANIELS
LEE A. DANIELS

(GEORGE CURRY MEDIA)—I don’t mean the small class of wealthy Black Americans or Black upper-middle class Americans who earn hefty salaries and whose net-worth runs into the millions of dollars. In today’s more open American society, they’ll do fine economically. I mean that considerable number of Blacks who earn five-figure to low six-figure salaries and whose wealth consists almost completely of the value of the home they own.
Will they survive? And if many of them don’t, what will that mean for Black America as a whole?
That question has been hanging like a thundercloud over the American horizon ever since the recession of 2001 undermined a bright promise of the prosperity the country enjoyed during the 1990s: that significant numbers of Black Americans were finally gaining a secure foothold in the middle class.

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