Citation
Addo, Fenaba R. (2016). The Perpetuation and Persistence of Racial Wealth Inequality.. Jackson, Pamela Braboy; Adem, Muna; & Ruf, Paulina X. (Eds.) (pp. 343-349). Santa Barbara, Calif.: ABC-CLIO.
Abstract
Racial wealth disparities in the United States are sizable. The asset poverty measure, which captures the inability to survive for three months at the federal poverty level because of lack of assets, was 33.7 percent for African Americans, 32.2 percent for Hispanics, and 15.2 percent for non-Hispanic whites in 2010 (Ratcliffe and Zhang 2012). This means white households were more than twice as likely to survive the loss of income for three months-perhaps due to being laid off or firedthan black households. Income-based analysis, however, informs much of what we know about racial economic inequality in the United States. Despite decreases in the black-white income gap in recent decades, most black and Hispanic households remain at the bottom of economic and social structures in America.
Reference Type
Book Section
Year Published
2016
Author(s)
Addo, Fenaba R.
ORCiD
Addo - 0000-0003-1935-3300
