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Why Black Families Struggle to Build Wealth [TheAtlantic.com]

 

There’s little disagreement about the fact that economic inequality is problematic. But arguments persist over its origins, solutions, and which economic gaps are ultimately the most pernicious.

In his new book, Toxic Inequality: How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future, Tom Shapiro, a professor of law and sociology at Brandeis University, lays out how government policy and systemic racism has created vast gaps in wealth between white and black Americans. Shapiro and his colleagues followed 187 families from Boston, St. Louis, and Los Angeles. Half of the families were black and half white. They interviewed them in 1998 and then again in 2010, to see what had changed: how were their kids faring, how had they weathered the recession—were they any better off in 2010 than they had been in 1998?



[For more of this story, written by Gillian B. White, go to https://www.theatlantic.com/bu...acial-wealth/520098/]

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Having 'fought' in the "War On Poverty" (some would say 'a painfully timid assault of the consequences, rather than the causes, of human misery'), I can appreciate this more recent, added research. Thank You, Samantha.

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