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

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

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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 Cost 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 assets 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 many 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 generations. 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 significant 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 hold 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 new century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality. Inheritance - Wikipedia Inheritance is the practice of passing on property titles debts rights and obligations upon the death of an individual The rules of inheritance differ between Racial Imagery Racism Individualism and Underground This paper extends an investigation I began with my conference paper Racial and Racist Imagery in Underground Comix presented at Structural Adjustmenta Major Cause of Poverty Global Issues The IMF and World Bank structural adjustment policies have led to a spiraling race to the bottom for the developing countries that have followed their prescriptions African-American middle class - Wikipedia The black middle class consists of black Americans who have middle-class status within the American class structure It is a societal level within the African United Nations News Centre United Nations News Centre with breaking news from the UN News Service Wealth inequality has widened along - Pew Research Center The Great Recession fueled by the crises in the housing and financial markets was universally hard on the net worth of American families But even as the economic Books on Inequality Inequalityorg Want to learn more about inequality? Here are some great books on inequality we think are notable or otherwise worth your reading The Gap Between Rich and Poor - FREEDOM KEYS We have often heard references to the gap between rich and poor as having domestic policy implications Truthout Fearless Independent News and Opinion A Truthout investigation finds that among the biggest funders of the outside groups backing Republican candidates in Georgia and Montana are fossil fuel companies African American History: Bibliography The Black Past NOTE: THIS PAGE IS NOW OBSELETE PLEASE USE OUR NEW INTERACTIVE BIBLIOGRAPHY HERE The books listed below are excellent sources of general information for research on
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