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  E-mail Message: I thought you might be interested in this item at http://www.worldcat.org/oclc/32430642 Title: Black wealth/white wealth : a new perspective on racial inequality Author: Melvin L Oliver; Thomas M Shapiro Publisher: New York : Routledge, 1995. ISBN/ISSN: 0415913756 9780415913751 OCLC:32430642

  
  

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• Wealth -- Moral and ethical aspects.
• Wealth -- United States.
• Equality -- United States.
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Black wealth/white wealth : a new perspective on racial inequality

Author:	Melvin L Oliver; Thomas M Shapiro
Publisher:	New York : Routledge, 1995.
Edition/Format:	Book : EnglishView all editions and formats
Summary:	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.  Read more...
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