Quote from The Baron Son "Tis not one’s failings alone that produce
self-mastery, but studying the causes of such failure, coupled with
the persistent application of new methods."
Personal Finance Training
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William R. Patterson on SiriusXM Radio 169 - The Power
Black Males Left Behind and THE BARON SOLUTION
This week's show topic:
THE BARON SOLUTION: The answer to widespread joblessness, high dropout, and incarceration rates dooming the African-American community.
According to recent testimony from leading social policy researcher and Columbia University professor, Dr. Ronald Mincy at the Joint Economic Committee Hearing on Capitol Hill regarding his study of African-American men, Black Males Left Behind:
We are experiencing "the nation's worst crisis in the history of the Black family"
7 out of every 10 African-American children are born out of wedlock (Source: National Center for Health Statistics)
African-American men, half of whom are now unemployed, have a 30 percent chance of serving time in prison before the age of 30
Among African-American men who drop out of high school (estimated at 40%), 72% are jobless and the likelihood of being incarcerated jumps to 60%
An African-American male in his late 20s without a high school diploma is more likely to be in jail than working
Living with a single mother increases the likelihood of dropping out of school. The effects of single parenting on dropping out of school are larger the longer a child is in a single parent home and are larger for boys than girls
Research findings show that during the two longest periods of sustained economic growth in our nation's history between 1979 and 2000, the unemployment and labor force participation rates for less-educated Black men consistently fell and this particular group of men was even more likely to be incarcerated
Sen. Charles E. Schumer (D-NY) says, "These numbers should cause national alarm and demand a national solution."
William discusses THE BARON SOLUTION for Education and Vocational Training Reform. The Baron Solution Group currently offers a training curriculum for children in grades K-12 and college students as well as for parents who want to teach their children the proper mindset for building wealth and fundamental financial and entrepreneurial skills which are not taught in schools.
