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

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Synopses & Reviews

Publisher Comments:

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.

About the Author

Thomas M. Shapiro is Pokross Chair of Law and Social Policy, Heller School of Social Policy and Management, Brandeis University. Black Wealth/White Wealth, which he wrote in collaboration with Melvin Oliver, received widespread acclaim and won several awards, including C. Wright Mills award, the American Sociological Association Distinguished Scholarly Award, and The Myers Center Award for Human Rights.

Table of Contents

Part I: Assets

1. The Color of the Safety Net

2. The Cost of Being Black and the Advantage of Being White

3. Inheritance--"That Parent Thing"

Part II: Making Racial Inequality

4. Middle Class in Black and White: How Level is the Playing Field?

5. The Homeownership Crossroad

Part III: Leveraging Assets

6. Where People "Choose" to Live

7. "Getting a Decent Middle Class American Education": Pursuing Advantage in Schools

Conclusion

Appendix I: Tables

Appendix II: Methodology

Notes

Bibliography

Index

Product Details

ISBN:
9780195181388
Author:
Shapiro, Thomas M.
Publisher:
Oxford University Press, USA
Author:
null, Thomas M.
Subject:
African American Studies
Subject:
Discrimination & Racism
Subject:
Wealth
Subject:
Ethnicity
Subject:
Ethnic Studies - African American Studies - General
Subject:
Sociology | Race
Subject:
Sociology | Race and Ethnicity
Subject:
Sociology | Race & Ethnicity
Subject:
African American Studies-General
Edition Number:
5
Edition Description:
Oxf Univ PR Pbk
Series Volume:
48
Publication Date:
20050131
Binding:
TRADE PAPER
Grade Level:
General/trade
Language:
English
Illustrations:
14 line illus.
Pages:
258
Dimensions:
6 x 9 x 0.9 in 0.8 lb

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Related Subjects

Business » Accounting and Finance
History and Social Science » African American Studies » General
History and Social Science » Ethnic Studies » Racism and Ethnic Conflict

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