CHINESE & INDIAN FINANCIAL ASSETS

Chinese and Indian immigrants are two of the wealthiest immigrant groups in the U.S. Financial asset ownership explains much of their advantage. Abstract Financial asset ownership is important for a large number of scholarly and practical reasons including for understanding saving propensities, risk taking, personal financial strategies, inequality, the flow of funds across national borders,…

RACE, FAMILY STRUCTURE, AND WEALTH

Racial differences in wealth ownership can be partially traced to childhood family structure. ABSTRACT: Racial differences in wealth ownership are among the most extreme and persistent forms of stratification in the United States, but the factors that contribute to this inequality are unclear. One potentially important contributing factor is family background. It is a critical…

RACE AND WEALTH INEQUALITY

Race and Wealth Inequality What accounts for persistent racial differences in wealth ownership? Previous research has debated the role that differences in asset ownership play in creating and maintaining wealth inequality. I use survey data to model the ownership of seven assets and find that whites are indeed more likely than blacks to buy high-risk,…

THE WEALTH OF SINGLE WOMEN

Ascribed and Achieved Traits in Top Incomes, Top Net Worth, and Both Marital status, gender, and parenting status interact to shape wealth ownership for single women. Among young baby boomers, single mothers suffer the most severe economic penalties in wealth ownership.