One of the most unconventional findings was that “the darker an African American or Latino student rated his own skin tone, the higher his academic performance, academic confidence, and social acceptance.” This relates directly to the discussion we were just having about colorism, and whether what the teenagers in the video were saying accurately reflected what they thought about skin color and beauty. I’m tempted to want to spin these results to so that they can co-exist with the teenagers reflections being accurate, but I can also see how these can represent conflicting findings.
“In Singapore, the government deposits small amounts of money into an account for each child born, Shanks said. That money can be withdrawn to cover costs such as extra tutoring for children or higher education for young adults. Or it can sit, earn interest and become the sort of nest egg or emergency fund the child’s future family may need. As a result, almost all families in Singapore–regardless of income–own their own homes.”
Yet in this country we act as if people with assets – homes, stocks, etc. – aren’t doing the same thing for their children and grandchildren. When you start life off with a nest egg, even a modest one, the monetary laws of compound interest make it so that the money grows, without you doing a single solitary thing to earn it – no bootstrapping necessary. But for poor black children? We act like their situation actually has something to do with their or their parents’ character, not with historical, systematic denial of the opportunity to build wealth according to race.
“Right now, 12 percent of white children live in poverty compared to 33 percent of Latino kids and 36 percent of black children.” And you think we live in a post-racial world?
On a related note, over at LIE there is an article about money and black babies and adoption. Black babies usually “cost less” in private adoptions because there are more of them than white babies and they are harder to place than white babies. They are harder to place because there are more white adoptive parents than black adoptive parents, and the norm is to match babies within the race. I say this is related to the post above because, as one commenter says, perhaps much of why there are more black babies is due to the poverty that many black mothers find themselves in when it is time to give birth. In any case, transracial adoption is on the rise, for even at “rates” as low as $4,000 for a black baby, compared to nearly $40,000 for a white baby, getting a black baby is a deal. White adoptive parents come to “prefer” a black baby once they realize how much better the black baby fits into their budget. But its a secondary consideration; the White adoptive parents “settle” for the black baby, only after having taken the price of the child into account. Fucked up, right?