• @
  • «»{}∼
The Hidden Cost of Being African American: How Wealth Perpetuates Inequality

The Hidden Cost of Being African American: How Wealth Perpetuates Inequality

Добавить в корзину
Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cos of Being African American, fundamental
levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments. Shapiro reveals how the lack of these family ssets along with continuing racial discrimination in crucial areas like homeownership
dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too mny find themselves trapped.
Shapiro uses a combination of in-depth interviews with almost 200 families from Los Angeles, Boston, and St. Louis, and national survey data with 10,000 families to show how racial inequality is transmitted across generatios. We see how those families with private wealth are able to move up from
generation to generation, relocating to safer communities with better schools and passing along the accompanying advantages to their children. At the same time those without signficant wealth remain trapped in communities that don't allow them to move up, no matter how hard they work. Shapiro
challenges white middle class families to consider how the privileges that wealth brings not only improve their own chances but also hol back people who don't have them. This "wealthfare" is a legacy of inequality that, if unchanged, will project social injustice far into the future.
Showing that over half of black families fall below the asset poverty line at the beginning of the ne century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality.