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Black Wealth, White Wealth a New Perspective on Racial Inequality

by Melvin L. Oliver

  • ISBN: 9780415913751
  • ISBN10: 0415913756

Black Wealth, White Wealth a New Perspective on Racial Inequality

by Melvin L. Oliver

  • List Price: $154.00
  • Binding: Hardcover
  • Publisher: Routledge
  • Publish date: 10/01/1995
  • ISBN: 9780415913751
  • ISBN10: 0415913756
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Description: 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.
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Ink underlining scattered throughout. Binding is sturdy; covers are a little flared. Dust jacket is lightly edgeworn. 242pp.
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