While the investment advice of consistently investing in an index fund such as the S&P is sound advice, it also has one major flaw. The major flaw in the advice to invest in an index funds is that an individual that invests in an index fund has to concede that they are not able to beat the S&P over long periods of time.
My definition of the black 2 percent is defined as, “a black household that has a networth of above one million dollars". Only 2 percent of black american households have a networth of greater than a million dollars. The black 2 percent primarily have a networth that is greater than 98 percent of other Black Americans.