Black Wealth / White Wealth

By Melvin Oliver, Thomas M. Shapiro,

Book cover of Black Wealth / White Wealth: A New Perspective on Racial Inequality

Book description

The award-winning Black Wealth / White Wealth offers a powerful portrait of racial inequality based on an analysis of private wealth. Melvin Oliver and Thomas Shapiro's groundbreaking research analyzes wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and…

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Why read it?

2 authors picked Black Wealth / White Wealth as one of their favorite books. Why do they recommend it?

I found this book to be life-changing. No good books have explained racial wealth inequality in America for years. This book changed that oversight. I love how the book calls upon its readers to think beyond income as a measure of economic equality and consider wealth. It plainly shows the causes and consequences of racial wealth inequality in America. I am glad that the book offers some recommendations for narrowing the gap but is also realistic about the related challenges.

This is the book that showed us that income inequality is just the tip of the iceberg of race inequality in the United States. True, blacks earn less than whites, but they also own less than whites. Much less. The difference is staggering and the cause of many other ills, especially the difficulty that many black families have in the face of any economic disaster.

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