Overview

Claims of a postracial society notwithstanding, there are enormous and even expanding differences in the level of assets owned by various racial and ethnic groups—and black families are vastly overrepresented among the asset poor. Lori Martin provides an in-depth exploration of the causes and consequences of racial wealth inequality. Drawing on both national data and case studies from New York City, Martin probes the reasons for discrepancies in wealth accumulation and their significance for black Americans of all economic classes. Her work allows a deeper understanding of the impact of asset poverty on individuals, families, communities, and the nation as a whole.

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9781935049531

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[A] valuable addition to the racial equality discourse.... [Martin's] approach yields much needed detailing to broader structural and macro processes. A must read for undergraduate and graduate-level students of sociology, economics, and political science as well as faculty members and other professionals who study racial inequality in the contemporary US. Essential. An important and illuminating book about an inexplicably ignored topic. A great resource. . . . Martin provides insights into the many historical and structural factors that have kept African Americans from moving ahead economically.

Author Information

Lori Latrice Martin is assistant professor of Africana Studies at John Jay College of Criminal Justice, City University of New York, USA.

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