Dr. Umar Johnson Says Black Folks ‘Love Status Symbols’ [Video]

Dr. Umar Johnson offers a money lesson for Black folks amid the persisting racial wealth gap.

On March 28, the Pan-African psychologist and activist appeared in Episode 2 of Kickin It with the OGs on the HoneyDrip Network. He sat down with Aristotle Varner Jr., an Atlanta-based serial entrepreneur and stock investor, to weigh in on generational wealth, empowering youth and nation-building.

“One of the best things we could do for our children is to liberate them from compulsive spending and need to have in order to feel like somebody,” the school psychologist said.

During the nearly three-hour interview, Dr. Umar steered the conversation toward buying new cars. He claimed that Black folks are so eager to purchase luxury cars but lack generational wealth.

“We buy three times the amount of Mercedes Benzes as Caucasians, and we don’t have one-third of the wealth,” Dr. Umar declared.

For this, Dr. Umar calls out the Black community for loving status symbols …