why do african americans spend more than they save?
90135
Why does anyone spend more than they save? I don't think this is a problem exclusive to any one ethenticity.
351572
For some people. Trying to outspend each other.
335284
'coz everyone likes to be "in"\n\nbut the question is: is it worth worrying about the rest of your expenses for?
118726
The cost of living has gone up tremendously. The living wage has not. So, overall, I would say most are really struggling to afford to live A very elite few are getting by, actually paying their way without using credit. Very few!
1158225
As interest rates go up, people start saving money and putting it into the bank.  This makes money worth more since people are not spending it as much (kinda like supply and demand).
733714
Because the likes of Al Sharpton and Jessie Jackson are poverty pimps that get rich by telling blacks that its all the white mans fault that they are poor.  \n\nThe bottom line, its easy to fail... its tough to succeed.
252640
I'm also a white African and I also don't understand that. I have more African roots than most of the black African Americans, my family tree goes back 400 years. When I meet black people that's European they never call themselves African Europeans, so why do they do that in the USA. Personally I think it's causes division between different races. I thought we were trying to stop race separation, because it causes racism.
434872
Well, this would be not exactly a race question, but more of a family values question. People of a certain race may be more than likely to take certain values more to heart and place a higher price on them. They then pass these values down to their children- obviously of the same race in many cases. This creates a culture in a family passed down through generations, which in turn greatly influences both the personality and self-esteem of an individual in the family.
301456
The economy!!!!!!  Things are so expensive that people can't afford extras  So they try ways to keep going by returning thing not needed.  And they want everything perfect for the price they have to pay
831447
Simple: Most people can't afford to anymore. Also, it doesn't help that most people are stupid and waste all their money on stupid stuff and then spend the rest of their lives trying to get out of debt.
462589
The unemployment rate among blacks is very high. I can see why they are upset.
360947
black money is generating growth in property rates.
305953
Both!  I love to spend.  On Anything!  But.  I always get the bills paid, deposit into savings, and buy the household supplies.  Any extra money is either spent on activities on the family or saved in a different account for a summer vacation.  We always keep enough money in our reg savings to major cover car repairs, home repairs, and to survive a month if one can't work.  My best saying is " You've never seen a Hearst with a luggage rack!"  As for the inheritance side of things "It's more about memories than the money."
584559
If you want stuff, there will be bills.  \n\nWant more stuff? Get ready to pay more, unless you can get someone else to pay for it.  That's what rich people do.\n\nUsually it's the middle class that finances everything.  Get in line; it's milking time.  But sometimes this is worth it.  Somebody's gotta pay.
257094
i dont think they should cuz they are just wasteing money and they should save it for their education (if they have one) and/or maybe for groceries and the bills so u rly shouldnt spend ur money on stuff u dont need
370225
Others may call you cheap, but your habits will some day make you rich.  It's not what you spend that makes you wealthy...it's what you save.
885234
you have a great point. you could consider anyone in the middle class(which is disappearing) a slave b/c the national cost of living is exceeding the value of our printed money. everyone knows that the middle/lower class works for the upper class to get rich, history hasn't changed that and i don't think anything will.