å Tuesday, November 29th, 2016

In the report, “The Roots of the Widening Racial Wealth Gap,” by Thomas Shapiro Tajana Meschede, and Sam Osoro, The research shows that their are cultural and structural differences racial differences in and they identify the variables in different ways, such as inheritance, home ownership, educational attainment and lastly income. To help us understand the racial wealth gap and how it reflects towards Whites and African Americans, The economic divide.

Homes are usually the largest asset in any persons life. You need shelter in order to survive. Research shows a 25 years period and the difference to home ownership is the 27% of income/growth between blacks and whites. The research shows that owning a home benefits most white-families because they have more access to financial assistance and credit more than African American families, and it provides them with more wealth and security. In contrast to African Americans where they tend to have high-risk mortgages and are more likely to foreclosure their homes. Another factor is that because African-American are more likely to be without a job than white, they are forced to be on unemployment and survive and low or no funds. When it comes to Education, Although many students attend college, not many of them finish. When it comes to college completion there are more whites than African-Americans that finish with a degree and are weight less by student debt than African Americans. This is one of the biggest obstacles for any family household to be in a significant debt because they want to send their child for a college education.

Overall the studies show that there is always going to be a slight inequality og both races and that poverty is always going to run more around african americans than whites.