Chittlin' Talk: Nationwide Financial Study Shows More Than 70 Percent of African-American Males Retire for Reasons Beyond Their Control

Tuesday, May 1, 2007

Nationwide Financial Study Shows More Than 70 Percent of African-American Males Retire for Reasons Beyond Their Control

"According to a new study released by Nationwide Financial (NYSE: NFS), 73 percent of African-American males say they were driven into retirement by factors beyond their control, compared to 33 percent of the general population. This number represents retirees who say they had to retire when they did due to illness, disability, company closing, or for another reason beyond their control. From the same study, the percentage for African-American females was 28 percent, compared to 37 percent for females of the general population."

Go to http://www.blacknews.com/pr/nationwide601.html

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Booker T. Washington said:

"There is another class of colored people who make a business of keeping the troubles, the wrongs, and the hardships of the Negro race before the public. Having learned that they are able to make a living out of their troubles, they have grown into the settled habit of advertising their wrongs -- partly because they want sympathy and partly because it pays. Some of these people do not want the Negro to lose his grievances, because they do not want to lose their jobs....There is a certain class of race-problem solvers who do not want the patient to get well, because as long as the disease holds out they have not only an easy means of making a living, but also an easy medium through which to make themselves prominent before the public."