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The Hidden Cost of Being African American: How Wealth Perpetuates Inequality

Thomas M. Shapiro




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 | #403457 in eBooks |  2004-02-05 |  2004-02-05 | File type: PDF

||0 of 0 people found the following review helpful.| Amazing Read! So Much Knowledge!|By Customer|I'm am biracial and never really believed that blacks couldn't as successful as whites. This book really opened my and I actually related to how black families don't provide their children with a head start and not because they don't want to, they just don't have a long lineage of wealth. This was a great read and I don't normally r|From Publishers Weekly|Shapiro, coauthor of Black Wealth/White Wealth, has helped establish that the racial gap in wealth-i.e., assets, including property-is more enduring than the gap in income. That gap, a 10-fold ratio, is exemplified by what the author terms

Thomas Shapiro reveals how the lack of family assets--inheritance, home equity, stocks, bonds, savings accounts, and other investments-- along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped.



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