Wealth Inequality And Racial Segregation

For example, African Americans often faced racism in a past society that passed laws that prevent them from living their lives. They were not able to obtain a high paying salary or a well-respected job. Obviously, they were not as wealthy as white people. Overtime, the value of what each family owns (wealth) adds up with the new generations. In the end, white people had more financial securities than those of non-whites like African Americans.

In Thomas Shapiro’s “The Hidden Cost of Being African American”, Shapiro goes in depth on how wealth in America is disproportionately dispersed between different nationalities. Mainly between Caucasians and African Americans. Shapiro has helped paint the image of wealth inequality and has shown how this is even more staggering than the wage gap between African Americans and Caucasians. Some of the theories he indirectly uses in his book and that I will be exemplifying are generational wealth and support systems, education, and the idea of how poverty only begets more poverty.

America has a lengthy history on how it became the powerful country it is today, and although its history can be interrupted in many ways (depending who you ask) one thing that is for certain is that wealth has yet to be distributed equally amongst minorities. According to the article “Income inequality matter; Extreme gap in wealth makes society unstable.” Philip Meyer claims that the wealth gap between whites and minorities has existed since Ronald Reagans’ term of presidency (A9). Although Ronald Reagans’ term ended many years ago the mistakes that caused this imbalance of wealth (and its aftermath) while he was in office remains almost if not exactly the same as when the problem initially began (Meyer A9). The wealth gap continues to target minorities and is affecting our communities at an alarming rate, however, many attempts have been made to reduce its existence but the factors of income inequality, unemployment rates and discrimination before and after our recent 2007 recession prevents our country from eliminating such a toxic problem.

The article states “that income alone cannot explain, nor would it likely end, the segregation that has defined American cities and suburbs for generations” (Eligon and Gebeloff). Wealthy African American families are seen as still living in poverty stricken areas, even with their large income salaries (Eligon and Gebeloff). Essentially, there is a larger factor that is affecting where African Americans live. The many previous years of racism and ethnic discrimination are ultimately determining the location African Americans stay. When African Americans older generations could not buy an enjoyable house and pass down their riches, the newer generations have a difficult time putting themselves in a position to buy a house in a nice neighborhood (Eligon and Gebeloff). If an African American family is fortunate enough to live in a more upscale neighborhood, they are not always accepted by the members of the community (Eligon and Gebeloff). My aunt has recently moved into a suburban, mostly white neighborhood, and I have seen this taken place first hand. Within the first few months of their move in, my aunt and her family would receive questionable looks from neighbors as if they were not welcoming their newfound neighbor. While racism from neighbors is a large factor, there is another important element of racism that takes

Since America’s beginning, race based barriers have mired the fulfillment of our shared principles and many of these barriers still persist today. The institutionalized inequalities are detrimental on an individual basis as well a societal basis. Racism does not only affect the individuals that are being oppressed but also how society functions as a whole. Racial inequalities have manifested in American society in ways that underlies a wide range of societal domains such as housing patterns, educational opportunities, healthcare inequality, and incarceration rates. Current events and experiences demonstrate moreover that racial inequality is still adamant in the American culture. Long after slavery, the Jim Crow Era, and the civil rights movement, racial inequality has taken distinctive forms which affect many people within a racially oppressed group. Racial segregation at large is embedded within a structural matrix that not only permeates in the American culture but in our private and public institutions. Disparities in the criminal justice system and housing patterns remain a key barrier to racial equality in America. In order to eradicate racial inequality, there needs to be policy solutions that place fundamental changes to a system with profound historical origins, one that structurally disadvantages minority groups.

Economically speaking, not all men and women are created equal within America. After reading Doubly Divided, it is clear that white people have always maintained a wealthier status above non-white groups throughout this country’s history. Even in today’s society, many Native Americans, African Americans, Latinos, and Asian Americans have high poverty rates and low valued assets when compared to whites, clearly exhibiting a racial wealth gap. However, the Federal Government has greatly contributed to this wealth gap over the last 200 years through a process I call the “take and prevent method”. For example, large amounts of land were taken from Native Americans and given to white farmers under the Homestead Act of 1862. With a major asset gone, the government prevented any further wealth accumulation by forcing Native Americans onto reservations, using corrupted trust fund accounts, and assimilating them into white culture (through the 1887 Dawes Act). As an additional example, the discontinuation of the Freedman’s Bureau and an overturned civil rights act meant that African Americans had their land and rights to ownership taken away as well. And as a measure of prevention, governmental programs such as unemployment, Social Security, and

The equitable wealth disproportion between African Americans and Whites is still on the rise. Researchers have identified systematic barriers affecting the ability for African Americans to accumulate wealth. In addition, researchers indicate several possible factors such as, less intergenerational inheritance, higher unemployment and lower incomes (Desilver, D, 2013). Impoverished generations have been unable to escape their restricted economic condition. Whites have gained an economic opportunity for every unfavorable condition that has impeded African Americans economic opportunity over time forging grounds for economic disparity. Because of unfavorable conditions due to the effects of slavery, generations of African Americans have had to bear racism and inequality. According to Pew Research the median household income of a family of three in 2011 was $39, 760 for African Americans in whereas White American Family median household income is $67, 175 a household income difference of $27, 000 (Morin, R

According to Forbes, “obtaining a bachelor’s isn’t enough for a black or Hispanic person to escape the racial wealth gap. The return on investment in college is much higher for whites than for blacks and Hispanics: A white family at the median sees a return of $55,869 from completing a four-year degree. A black family sees $4,846 and an Hispanic family $4,191...Additionally, black and Latino families earn a lower return on their incomes, meaning they are less able to turn each additional dollar of income into wealth. A white family will typically see a return of $19.51 for each dollar earned, while a black family will see only $4.80 in return and Latino families

The barriers that separate men have existed for centuries. Race, class, status, these are all ideas that have created a divide among humans. This divide creates competition and tension. Throughout the history of the legal system, justice has been used to validate slavery and other forms of racial inequality. Our system now has changed, but the basic concept has remained the same. According to one study, the judicial system was invented by whites to protect whites and keep people of color at bay (Constitutional Rights Foundation, 2017, p1). This idea of preserving a one superior racial system resulted in a bias still existent today.

With this intention, banks and real-estate agents will no longer be readily available in urban communities, but in suburban regions. The reasoning for this stem back to the overall goal of keeping African-Americans separate from whites. Now, however, without banks and real-estate agents, urban communities do not have the same privilege as someone from a suburban household. This is viewed through the concepts of social inequality and Eurocentrism because of the unwillingness of whites; there is an unequal distribution of prestige regarding African-American rights.

One of the factors that contributed to this wealth gad was the federal housing policies. The policy permitted redlining and discrimination in finances, and homeowners insurance, and sales, this reflected the unequal rates of the house ownerships that we see today. During this period in the U.S. blacks, Mexicans, Chinese and Japanese immigrants were the most targeted when it came to employment and property ownership. Many African American lost their homes during the foreclosure during the 1930’s and 1940’s, they were victim of deception and fraud. In the south many African American were the victims of abusive agriculture which kept them always in

What is racial inequality? Racial inequality is discrepancies in the opportunities and treatment of people based solely on their race. Racial inequality is a serious issue that is often discussed in the American criminal justice system. Although racial discrimination is present in the criminal justice system, some people use the words inequality, discrimination, racism, and profiling loosely and do not understand how truly complex it is to prove that there actually is racial inequality present in the criminal justice system. Daniel P Mears, Joshua C. Cochran, and Andrea M. Lindsey article Offending and Racial and Ethnic Disparities in Criminal Justice: A Conceptual Framework for Guiding Theory and Research and Informing Policy illustrates

Ben and I strongly affirm resolved: The United States federal government ought to pay reparations to African Americans.

Even though black people have descendants who suffered much more inequality issues than they have faced nowadays, they still have to deal with this historical problem in different ways. The wealth gap between whites and blacks is huge, “every extra dollar of income earned by whites generates $5.19 in new wealth over 25 years while another dollar of income for a black family adds a mere 69 cents to its bottom line (Starkman)”. These numbers show us that we still live in a segregated

The unemployment rate in the African American community is higher than any other group in American society. Institutionalized racism and unequal education opportunities have contributed to the unemployment rate. There are various reasons why the unemployment rate is greater in the African American communities. Consequently, Blacks are attaining higher education at a rate lower than other groups in society, and lack opportunities in the workforce. These are just two of the elements that cause the wealth gap between Blacks and Whites in America’s financial system. African men and women were brought to America for slavery. Once the slaves were freed, they had to find work and enter into the American workforce with little or no education. Therefore, countless Blacks were forced to take lower level jobs in American society. As a result, racism and inequality became institutionalized injustices that widen the wealth gap. Scores of Blacks were denied the opportunity to purchase properties and to attain assets and wealth. The majority of Whites do not know Black people’s reality and financial obstacles because White people do not face housing discrimination or scrutiny in the workplace. White people have benefited from the inequality that minorities face in the United States financial system. According to Hilary Shelton Deputy Director, Washington Bureau, National Association for the Advancement of Colored People “because of affirmative action, fairness is