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

Thomas M. Shapiro




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 | #101621 in Books |  Shapiro, Thomas M. |  2005-01-27 | Original language:English | PDF # 1 |  6.00 x.90 x9.00l,.78 | File type: PDF | 258 pages

||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

Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cost of Being African American, fundamental levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments. Shap...

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