Tuesday, October 23, 2012

Week 10: A Tale of Two Families

I decided to do my blog entry on A Tale of Two Families. I wasn't really shocked by the differences but I was shocked by how BIG the differences were. Here's a short summary about each family.

Byron
He's an African-American whose family purchased a home in Chester, PA. Their home cost $6,500. His family gave $1,000 for down payment and had the rest financed. His father had a low-income job and stated that black men were the last to get hired and first to get fired. His family wasn't wealthy. Byron received an academic scholarship, so he could attend an ivy league school. His family sold their home for $29,500. They didn't really see a profit because they spent a lot of money of repairs. Byron purchased a condo and he has to make mortgage payments every month. He also has to financially responsible for his parents.

Max
He's a Caucasian-American. His family purchased a home in New York for $21,500. His father started his own business in 1965. His father's business went well and was able to send his three children to private colleges. He celebrated his bar mitzvah at age 13 & received a lot of money as gifts. By the time Max was 18, he was able to use his savings and money from his parents to travel, explore his interests, and go to college worry-free. His parents sold their home for $299,000. They were financially stable and were even able to give money to their kids for down payment of their homes. Max purchased a home and lived worry-free.

If you look at both summaries, there is an extreme difference when it comes to the economic situation of each family. This was back in the 1950s but this continues to happen in modern-day society. It's unfortunate that everybody continues to be discriminated by their race and skin-color.

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