Racial Wealth Gap Analysis

In the article The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide by IASP they were talking about the differences white and black homeowners have in the economy. In today’s society we face a number of problems with buying and paying off a house. He social issues being addressed in this article are not only that Black and white people are treated differently, but also how they are treated unequally. The average white family makes nearly $236,000 more dollars then black families. The five significant factors in this article that are found to be the primary causes of social inequality are; Homeownership, Income and Employment, Inheritance, College Education and Social and Cultural factors. Homeownership tends to affect this the most because if you already own your house then it is much harder to lose it, unless something terrible ended
They are suggesting that we provide better education for both blacks and whites so they can earn more money and succeed better in life. Income is also something that matters because if you’re making 12,000 dollars a year you aren’t going to be able to afford a house in a nicer neighborhood with better schools. Education is obviously one of the biggest things that need to be addressed because without a education or at least a good education, it is much harder to get higher paying jobs and a better income. Finally Inheritance, if you are a wealthy family your inheritance will be much higher rather than if you were a poor family, the wealthier white families have a better inheritance because they earn .91 on the dollar rather than .51 cents on the dollar for blacks. Inheritance affects the poor because the richest families use their money to make more money and keep passing it down to generation to generation; this accounts for the richest 1% of the world’s