Black Wealth, White Wealth: A New Perspective on Racial Inequality by Thomas M. Shapiro - PDF free download eBook

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  • Published: Sep 04, 2015
  • Reviews: 323

Brief introduction:

The rise of the black middle class is heralded as evidence of greater racial equality, but why do middle-class blacks possess only fifteen cents for every dollar of wealth held by middle-class whites? Why do 61% of black households have no...

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Details of Black Wealth, White Wealth: A New Perspective on Racial Inequality

ISBN
9780415913751
Publication date
Age range
18+ Years
Book language
English
Pages
242
Format
PDF, CHM, DJVU, TXT
Quality
Low quality scanned pages
Dimensions
6.10 (w) x 9.10 (h) x 0.90 (d)
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Some brief overview of this book

The rise of the black middle class is heralded as evidence of greater racial equality, but why do middle-class blacks possess only fifteen cents for every dollar of wealth held by middle-class whites? Why do 61% of black households have no financial assets at all - twice the rate for white households? Black Wealth / White Wealth offers a powerful portrait of racial inequality based on an analysis of private wealth. Melvin Oliver and Thomas Shapiro analyze wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and they show how public policies fail to redress the problem. Drawing on data from over 12,000 households and in-depth interviews with a range of black and white families, the authors chart the ways in which systematic economic barriers have discouraged many blacks and impaired their ability to accumulate wealth. These barriers - historically low wages and limited access to capital, local and state policies, the rise of the modern suburb, and the making of the urban ghetto - limit opportunities for a better life.

Taking issue with those who point to an expanding black middle class as evidence of greater racial equality, Black Wealth/White Wealth demonstrates how an analysis of wealth—total assets and debts rather than income alone—uncovers a qualitatively different story about race in America. Illustrations, charts.

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A few words about book author

Melvin L. Oliver is Vice-President of the Ford Foundations Asset Building and Community Development Program. He is on leave from UCLA where he is Professor of Sociology and Social Policy. Thomas M. Shapiro is Professor of Sociology and Anthropology at Northeastern University. He is the author of Population Control Politics: Women, Sterilization, and Reproductive Choice.

r than income alone - to uncover deep and persistent racial inequality in America, and they show how public policies fail to redress the problem. Drawing on data from over 12,000 households and in-depth interviews with a range of black and white families, the authors chart the ways in which systematic economic barriers have discouraged many blacks and impaired their ability to accumulate wealth. These barriers - historically low wages and limited access to capital, local and state policies, the rise of the modern suburb, and the making of the urban ghetto - limit opportunities for a better life.

Taking issue with those who point to an expanding black middle class as evidence of greater racial equality, Black Wealth/White Wealth demonstrates how an analysis of wealth—total assets and debts rather than income alone—uncovers a qualitatively different story about race in America. Illustrations, charts.

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