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Why is wealth a race-related matter, and one that exacerbates the disparity? Provide some examples.

May 28th, 2015

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 opportunities.

http://www.forbes.com/sites/laurashin/2015/03/26/the-racial-wealth-gap-why-a-typical-white-household-has-16-times-the-wealth-of-a-black-one/

May 28th, 2015

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May 28th, 2015
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