The Hidden Cost of Being African American

Fülszöveg

ADVANCE ACCLAIM FOR THE Hl D DEN COST OF BEING AFRICAN AMERICAN "This is an important book about the troubling and persistent disparities of wealth along racial lines. It deepens our critical understanding of how inherited wealth distorts reál meritocracy andequalopportunity." -Bill Gates Sr. and Chuck Collins, co-authors of Wealth and Our Commonwealth: Why America Should TaxAccumulated Fortunes "This important book takes the critical next step in wealth research: Through intimate portraits "« of American families it shows how wealth matters. Shapiro convincingly demonstrates how parents use household wealth to foster advantage for their children-and how African Americans are at a distinct disadvantage in this game by virtue of a relative lack of family assets. Important reading for anyone interested in how race and class works in contemporary America." -Dalton Conley, author of Honky "The HiddenCostof Being African American is a great read and a remarkable advance in showing how... Tovább

Fülszöveg

ADVANCE ACCLAIM FOR THE Hl D DEN COST OF BEING AFRICAN AMERICAN "This is an important book about the troubling and persistent disparities of wealth along racial lines. It deepens our critical understanding of how inherited wealth distorts reál meritocracy andequalopportunity." -Bill Gates Sr. and Chuck Collins, co-authors of Wealth and Our Commonwealth: Why America Should TaxAccumulated Fortunes "This important book takes the critical next step in wealth research: Through intimate portraits "« of American families it shows how wealth matters. Shapiro convincingly demonstrates how parents use household wealth to foster advantage for their children-and how African Americans are at a distinct disadvantage in this game by virtue of a relative lack of family assets. Important reading for anyone interested in how race and class works in contemporary America." -Dalton Conley, author of Honky "The HiddenCostof Being African American is a great read and a remarkable advance in showing how assets take on profound importance in shaping racial inequality in America. With its masterful combination of in-depth interviews and quantitative data, it will convince even the most skeptical reader thát the playingfield is far from level." -Mitchell Duneier, author of Sidewalk and Slim's Table: Race, Respectability, and Masculinity r ¦. "- "This insightful study adds to a growing body of research documenting that asset holding has important effects on weil-being, independent of income. Shapiro explores complex relationships among race, home crwnership, and educational opportunity. He assesses the cost of being black in these crucial interactions. He introduces the concept of transformative assets to # describe inherited wealth that makes a difference in life chances. This book should be read by anyone concerned about race, wealth, and the future of America." -Michael Sherraden, Benjámin E. Youngdahl Professor of Social Development, Washington University in St. Louis Vissza