Siblings are associated with adult wealth ownership. This paper explores why.
The one percent by income and by wealth are often discussed as a single group, but these advantaged households are unique from each other and from other Americans both financially and demographically.
Top income earners and top wealth owners are attracting considerable attention recently, but there is an even more elite group at the top of both distributions: the double rich.
This overview of wealth inequality patterns underscores the need for greater attention to asset ownership and debts.
The way we spend our money says a lot about our preferences, structural position, priorities. That is, spending says a lot about lifestyle. Lifestyles, in turn, are associated with saving.
Mexican American face considerable early-life impediments to mobility, and they have not achieved wealth-parity with whites. But despite early roadblocks, Mexican American adults accumulate considerable net worth.
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,…
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 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,…
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.