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Lower socioeconomic class stay in the neighborhood that they grew up in and are much more likely to be close to parents and siblings. This is a much stronger ne
by bko 4y ago
Lower socioeconomic class stay in the neighborhood that they grew up in and are much more likely to be close to parents and siblings. This is a much stronger network than some immigrant community of strangers based on country of origin.
And if the benefits of networks based on country of origin were so powerful you'd expect places with a large percent of South American or Caribbean countries to be wealthy. But if you look at small Haitian or Dominican you don't see the same kind of upward mobility compared to asian neighborhoods.
- pydry 4y ago>Lower socioeconomic class stay in the neighborhood that they grew up in and are much more likely to be close to parents and siblings. This is a much stronger network than some immigrant community of strangers based on country of origin. Are you equating the economic potential of being able to tap a large interest free loan from your community and having an equally poor sibling?
- bko 4y agoI'm an immigrant to the US. My parents had a network of people from the same country (European). It was a good resource of friends and babysitting for my parents, but i never heard of anyone giving large interest free loans to a poor stranger just because they came from the same country. But maybe that's the norm for asian communities. Btw i wouldn't discount free childcare and is honestly worth more than an interest free loan. If you can help share childcare you can work many more hours
- O__________O 4y agoForget the name for it, but there is community based loan concept where everyone pitches in a little money to give one individual a loan based on luck of the draw with the pretext that in future prior past contributors have better odds of winning. Needless to say, frequently is a scam. EDIT: Here are examples: https://www.google.com/search?q=site:wikipedia.org+informal+loan+club https://www.google.com/search?q=site:wikipedia.org+informal+...