Trojita said:Which is actually a vicious circle since them flaunting their "bling" especially the ones they create themselves make the impressionable youth buy their products. This in turn makes the "Entrepreneurs" richer and the poor kids trying to imitate them still poor by living beyond their means. It's bad when you would rather spend money on "bling" than living decently.
When you are talking about poverty, you are talking about living in isolation. Many in poverty do not understand the concept of living decently. They are preoccupied with what is. The reality is it's easier for them to get bling then it is to get a financial education.
It's not really their fault because financial institutions don't cater to them without heavy costs. When they take an interest it's not to educate, it's to take advantage of them through higher rates on loans, overdraft fees, & minimum balance requirement. It's easier to go to a payday loan place and get the sneakers you want.
Again this wouldn't have much to do with race if not for the fact that there is a disproportionate number of black people in poverty. To be fair, there was a disproportionate amount of them that were forced to start out that way. To be condemning, there is a disproportionate number of people that have no problem with them stayiing there or that would like to keep them there.