Essay on Research: Racial Differences in Household Wealth in The United States

Essay on Research: Racial Differences in Household Wealth in The United States

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The wealth difference that exists between African and Caucasian men is vast and expanding (Charles & Hurst, 2002). After accounting for huge dissimilarities in income, family structure and wealth, the gap portion which remain unexplained may be attributed to belief, behavior and value differences between these groups. Despite an enormous and persistent black-white gap, many proclaim that society has transcended the racial divide (Hamilton, 2009). Wealth is a paramount indicator of social well-being. Wealthier individuals are better positioned to afford elite education, access capital to start businesses, reside in higher-amenity neighborhoods, exert political influence through campaign contributions, and withstand financial hardship resulting from an emergency (Hunt, 2004). African American men suffer disproportionally from gaps in wealth compared to Caucasians (Cambell & Kaufman, 2006).
Lay explanations on perspective views relating to what constitute wealth have been neglected in today’s research. This study compares the nature and psychology behind racial groups’ definition of wealth within the United States Coast Guard. Using survey data collected, descriptive and multivariate procedures, an analysis of service members’ views on wealth undertaken.
The United States is the wealthiest nation on earth and exhibits among the highest levels of economic inequality of any advanced industrial nation is well known in social scientific circles (Bradshaw and Wallace, 1996). What is less well understood is the nature of public opinion about the causes of the substantial economic disparities in the United States. Do people in the United States having varying views of wealth based on their race? Alternately, do all believe th...

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...ealth, and intergenerational poverty. Retrieved from
Hunt, M. O. (2004). Race/Ethnicity and Beliefs about Wealth and Poverty. Social Science Quarterly (Wiley-Blackwell), 85, 827-853.
Johnson, R. W., Sambamoorthi, U., & Crystal, S. (1999). The Effect of Military Service on Wealth Accumulation. Research on Aging, 28(1), 56-83.
Korupp, S. E., Ganzeboom, H. B., & Van Der Lippe, T. (2002). Do Mothers Matter?A Comparison of Models of the Influence of Mothers’ and Fathers’ Educational andOccupational Status on Children’s Educational Attainment.“. Quality and Quantity, 36, 17-42.
Lupton, J., & Smith, J. P. (1999). “Marriage, Assets, and Savings.” Working Paper
DRU-2215-NICHD. Social Science Quarterly.
Smith, J. P. (1995a). “Marriage, Assets, and Savings.”Working PaperDRU-1055-NIA. Research on Aging, 28(1)

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