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The Privileges of Wealth : Rising Inequality and the Growing Racial Divide by Robert B. Williams is a nonfiction available to read on EtoBox.

What is The Privileges of Wealth : Rising Inequality and the Growing Racial Divide about?

The American Dream is under assault. This threat results not from a lack of means, but from an unwillingness to share. Total household wealth increased by half in the past generation, but barely one fifth of American households captured this new wealth. For the rest, the dream of owning a home, gaining a secure retirement, and ensuring a college education for their kids is disappearing. Worse still, the widening wealth divide largely tracks our racial fault lines. The Privileges of Wealth investigates the impact of the rising concentration of wealth. It describes how households accumulate wealth along three pathways: household saving, appreciation of assets, and family gifts and inheritances. In addition, federal wealth policies, in the form of assorted tax deductions and credits, act as a fourth pathway that favors wealthy households. For those with means, each pathway operates as a virtuous cycle enabling families to build wealth with increasing ease. For those without, these same pathways are experienced as vicious cycles. The issue of wealth privilege is even more pronounced when examining the racial wealth gap. Typically, White households own ten times the wealth of Black or L

Who reads The Privileges of Wealth : Rising Inequality and the Growing Racial Divide?

Author

Robert B. Williams

Publisher

Routledge, Taylor & Francis Group

Published

2017

Language

EN

ISBN

9781315395579

Category

nonfiction

Subjects

Business, Economics