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.

ARE BABY BOOMERS RICHER THAN THEIR PARENTS?

Intergenerational Patterns of Wealth Ownership in the United States This study compares wealth ownership and mobility patterns among baby boomers and their parents to explore whether the baby boomers have fared as well during their working years and whether they will be as secure in retirement as their parents. Cohort comparisons using survey data indicate…