Wealth is a race related
metter. This gap is more obvious in color related families e.g white people and
black people in terms of gifts, homeownership and education and increase the
disparities of income.
The racial wealth gap states
that families of color may not be able to provide young members of their
households gifts to put in their future, alike to what their white friends
are expected to get.
For example, homeownership is the central vehicle Americans use to store
wealth, thus homeownership and access to homeownership are at the heart of that
widening wealth gap,but disparities in homeownership fall along racial
and ethnic lines. Seventy-three percent of whites own a home, compared to 47%
of Latinos and 45% of blacks.
Another example, a
child whose are in a low-income neighborhood with a low-quality school has low chances
of getting a four-year degree, which also then cuts off future job