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The hidden cost of being African American : how wealth perpetuates inequality

Author: Thomas M Shapiro
Publisher: New York : Oxford University Press, 2004.
Edition/Format:   Print book : Biography : EnglishView all editions and formats
Summary:
Thomas Shapiro blends personal stories, interviews, empirical data, and analysis to illuminate how family assets produce dramatic consequences in the everyday lives of ordinary citizens. This book will re-shape public understanding of racial inequality and will help us understand why new policies are necessary. Over the past three decades, racial prejudice in America has declined significantly and many  Read more...
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Material Type: Biography, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Thomas M Shapiro
ISBN: 019515147X 9780195151473
OCLC Number: 52091095
Description: xv, 238 pages : illustrations ; 24 cm
Contents: The color of the safety net --
The cost of being Black and the advantage of being white --
Inheritance : "that parent thing" --
Middle class in black and white : how level is the playing field? --
The homeownership crossroad --
Where people "choose" to live --
"Getting a decent middle-class American education" : pursuing advantage in schools.
Responsibility: Thomas M. Shapiro.
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Abstract:

Shapiro, the author of "Black Wealth/White Wealth, " blends personal stories, interviews, empirical data, and analysis to illuminate how family assets produce dramatic consequences in the everyday  Read more...

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"This book almost unerringly finds its mark."--Crisis"Powerfully mixes poignant individual stories and moral outrage with clear statistical analyses and a strong exposition of a workable solution to Read more...

 
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   schema:description "Thomas Shapiro blends personal stories, interviews, empirical data, and analysis to illuminate how family assets produce dramatic consequences in the everyday lives of ordinary citizens. This book will re-shape public understanding of racial inequality and will help us understand why new policies are necessary. 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. Alongside these encouraging signs, Shapiro argues that fundamental levels of racial inequality persist, particularly in the area of asset accumulation. This book demonstrates how families use private wealth to leverage advantages in communities and schooling for themselves and their children. In this eye-opening volume, 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 passed down from generation to generation through the use of private family wealth. Shapiro adroitly illustrates the profound importance of assets--savings accounts, stocks, bonds, home equity, and other investments--to the past, present, and future lives of American families. For instance, young, white middle class-families typically purchase their first homes with substantial financial assistance from their extended family, and thus wealth accumulated from the past transforms opportunities into a substantial head start in life. This "wealthfare" is a legacy of past inequality visiting the present and may well project social injustice for generations into the future. An asset perspective, Shapiro shows, is a truer measure of the economic health of the black community--over half the black families fell below an asset poverty line in 1999. Moreover, an asset-based perspective, unlike currently used income-based approaches, gives insight into issues underlying debates ranging from school choice, welfare reform, and economic inequality."@en ;
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