New paper quantifies how quickly Southern planters recovered from the civil war

I think you answered your own question. The "lack of discipline" is not an internal failing, but an externality imposed disproportionately on poor people/PoC. Therefore, a savings product that makes access difficult in most cases but not impossible (for true emergencies), and without onerous penalty should access be necessary, makes its usage more palatable, even with the lack of interest.

The episode goes in to this. Typically these are people who would struggle with traditional financial institutions, and so they harness peer pressure as a savings tactic.

The full Jackson quote you're looking for is: "Therefore the tariff was only the pretext, and disunion and a Southern confederacy the real object. The next pretext will be the negro, or slavery, question." He wasn't talking about the North making pretexts for aggression against the South, he was fed up with the South not adhering to the Union as he saw it. Lincoln is a little more complex, but it suffices to say that the politics of slavery always took the forefront over whatever his personal beliefs may have been.

Regardless of the merits of your statement (although tbh it's more of a rant than a cogent argument), I caution you not to take the downvotes as a sign you are correct. The downvoting may reflect how people received what you said, but does not address anything about the accuracy/correctness.

Hate to break it to you, but downvotes do not prove that you are right. Sometimes they indicate that you're right and stepped on peoples' corns, but that's rare. It's more common that they indicate you're wrong, clueless, willfully blind to the available evidence, and/or being a jerk.

Using downvotes to validate your position is a logical fallacy. I see it often enough here that there ought to be a catchy name for it. Martyrdom Fallacy, maybe?

I kind of agree with your reply to citrablue, though - "downvote to disagree without explanation" is a really poor communication channel. "I was downvoted without comment, and now I see the error of my ways" said no one ever.

“”” The new Constitution has put at rest forever all the agitating questions relating to our peculiar institutions—African slavery as it exists among us—the proper status of the negro in our form of civilization. This was the immediate cause of the late rupture and present revolution. Jefferson, in his forecast, had anticipated this, as the "rock upon which the old Union would split." He was right. What was conjecture with him, is now a realized fact. But whether he fully comprehended the great truth upon which that rock stood and stands, may be doubted. The prevailing ideas entertained by him and most of the leading statesmen at the time of the formation of the old Constitution were, that the enslavement of the African was in violation of the laws of nature; that it was wrong in principle, socially, morally and politically. It was an evil they knew not well how to deal with; but the general opinion of the men of that day was, that, somehow or other, in the order of Providence, the institution would be evanescent and pass away. [...] Those ideas, however, were fundamentally wrong. They rested upon the assumption of the equality of races. This was an error. It was a sandy foundation, and the idea of a Government built upon it—when the "storm came and the wind blew, it fell." “””

The Vice President of the Confederacy literally stood and gave a speech about why slavery was the reason they seceded from the union, but I’m not really surprised to find people who still try to distort the truth to push their views. It’s their way to virtue signal.

A Declaration of the Immediate Causes which Induce and Justify the Secession of the State of Mississippi from the Federal Union.

In the momentous step which our State has taken of dissolving its connection with the government of which we so long formed a part, it is but just that we should declare the prominent reasons which have induced our course.

Our position is thoroughly identified with the institution of slavery-- the greatest material interest of the world. Its labor supplies the product which constitutes by far the largest and most important portions of commerce of the earth. These products are peculiar to the climate verging on the tropical regions, and by an imperious law of nature, none but the black race can bear exposure to the tropical sun. These products have become necessities of the world, and a blow at slavery is a blow at commerce and civilization. That blow has been long aimed at the institution, and was at the point of reaching its consummation. There was no choice left us but submission to the mandates of abolition, or a dissolution of the Union, whose principles had been subverted to work out our ruin.

That we do not overstate the dangers to our institution, a reference to a few facts will sufficiently prove.

The hostility to this institution commenced before the adoption of the Constitution, and was manifested in the well-known Ordinance of 1787, in regard to the Northwestern Territory.

The feeling increased, until, in 1819-20, it deprived the South of more than half the vast territory acquired from France.

The same hostility dismembered Texas and seized upon all the territory acquired from Mexico.

It has grown until it denies the right of property in slaves, and refuses protection to that right on the high seas, in the Territories, and wherever the government of the United States had jurisdiction.

It refuses the admission of new slave States into the Union, and seeks to extinguish it by confining it within its present limits, denying the power of expansion.

It tramples the original equality of the South under foot.

It has nullified the Fugitive Slave Law in almost every free State in the Union, and has utterly broken the compact which our fathers pledged their faith to maintain.

It advocates negro equality, socially and politically, and promotes insurrection and incendiarism in our midst.

It has enlisted its press, its pulpit and its schools against us, until the whole popular mind of the North is excited and inflamed with prejudice.

It has made combinations and formed associations to carry out its schemes of emancipation in the States and wherever else slavery exists.

It seeks not to elevate or to support the slave, but to destroy his present condition without providing a better.

It has invaded a State, and invested with the honors of martyrdom the wretch whose purpose was to apply flames to our dwellings, and the weapons of destruction to our lives.

It has broken every compact into which it has entered for our security.

It has given indubitable evidence of its design to ruin our agriculture, to prostrate our industrial pursuits and to destroy our social system.

It knows no relenting or hesitation in its purposes; it stops not in its march of aggression, and leaves us no room to hope for cessation or for pause.

It has recently obtained control of the Government, by the prosecution of its unhallowed schemes, and destroyed the last expectation of living together in friendship and brotherhood.

Utter subjugation awaits us in the Union, if we should consent longer to remain in it. It is not a matter of choice, but of necessity. We must either submit to degradation, and to the loss of property worth four billions of money, or we must secede from the Union framed by our fathers, to secure this as well as every other species of property. For far less cause than this, our fathers separated from the Crown of England.

Our decision is made. We follow their footsteps. We embrace the alternative of separation; and for the reasons here stated, we resolve to maintain our rights with the full consciousness of the justice of our course, and the undoubting belief of our ability to maintain it.

Jackson also literally said "In the monuments and fortifications of an unknown people, spread over the extensive regions of the West, we behold the memorials of a once powerful race, which was exterminated of has disappeared to make room for the existing savage tribes".

He was a racist white supremacist conspiracy theorist. His opinions on slavery are completely unrelated to the events that transpired 30 years after his tenure.

I really don’t get what the purpose of trying to make this the Oppression Olympics is. That one group is oppressed does not minimize another group’s oppression.

Races don't exist.