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

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

by Thomas M. Shapiro

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,... (read more)

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Candelaria S
  • Rated 5 stars

This book made plain things I've observed and lived through in terms of economic inequality. Among the issues it covers is: the long history of racism and discrimination that prevented Blacks from having certain jobs and educational opportunities and stymied our ability to acquire wealth; the fact that the Black middle class often has tremendous financial responsibilities for family members (children and parents); the fact that once a neighborhood goes over a certain percentage of Black...

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  • Rated 4.2 stars
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  • Rated 4 stars
 

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