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Call # E185.8 .S53 2004
Author Shapiro, Thomas M
Title The hidden cost of being African American : how wealth perpetuates inequality / Thomas M. Shapiro
Imprint New York : Oxford University Press, 2004
Book Cover
 WMS STACKS  E185.8 .S53 2004    AVAILABLE
 WMS STACKS  E185.8 .S53 2004 c.2  AVAILABLE
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Descript. xv, 238 p. : ill. ; 24 cm
Summary/Abstract "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 impacts 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."--BOOK JACKET
Note Includes bibliographical references (p. [211]-230) and index
Subject African Americans -- Economic conditions
African Americans -- Social conditions -- 1975-
Wealth -- United States
Equality -- United States
Racism -- Economic aspects -- United States
Interviews -- United States
United States -- Economic conditions -- 1981-2001
United States -- Economic conditions -- 2001-2009
United States -- Race relations -- Economic aspects
OCLC # 52091095
Table of Contents
 Introduction: At the Assets Crossroads1
1The Color of the Safety Net21
2The Cost of Being Black and the Advantage of Being White42
3Inheritance - "That Parent Thing"60
4Middle Class in Black and White: How Level Is the Playing Field?87
5The Homeownership Crossroad105
6Where People "Choose" to Live129
7"Getting a Decent Middle-Class American Education": Pursuing Advantage in Schools155
 Conclusion: Assets for Equality183
 App. I: Tables205
 App. II: Methodology208