The US Racial Wealth Gap and the Implications for Financial Inclusion and Wealth Management Policies

@article{Burton2018TheUR,
  title={The US Racial Wealth Gap and the Implications for Financial Inclusion and Wealth Management Policies},
  author={Dawn Burton},
  journal={Journal of Social Policy},
  year={2018},
  volume={47},
  pages={683 - 700}
}
  • D. Burton
  • Published 2018
  • Sociology
  • Journal of Social Policy
Abstract This paper contributes to debates on economic inequality and ethnic and racial dimensions of social policy by focusing on the US racial wealth gap and assessing in what ways the private wealth management industry has contributed to this gap and reinforced white supremacy. The combined effects of the private wealth management industry reproducing whiteness and the industry being embedded in whiteness act as a barrier to developing a wider understanding of the savings and investment… Expand
Poverty, Racism, and the Public Health Crisis in America
TLDR
Until structural racism and economic injustice can be resolved, the use of evidence-based prevention and early intervention initiatives to mitigate untoward effects of socioeconomic deprivation in communities of color will be critical to address the persistent racial/ethnic disparities in chronic diseases. Expand
The relationship between vulnerable financial consumers and banking institutions. A qualitative study in Spain
Abstract The financial exclusion phenomenon has been approached from different perspectives. After reviewing the recent literature, we adopt a financial ecology approach and propose a comprehensiveExpand
I Get Money: A Therapeutic Financial Literacy Group for Black Teenagers
ABSTRACT Literacy is an essential skill in the modern world, as having the ability to read, write, and communicate effectively is critical. Additionally, financial stability is imperative in aExpand
Systematized literature review on financial inclusion and exclusion in developed countries
Purpose The purpose of this paper is to provide a systematic literature review of the research published on financial inclusion (FI) and financial exclusion (FE) in developed countries using keyExpand
Counseling Psychology and the Amelioration of Oppression: Translating Our Knowledge Into Actionψ
In the new millennium, counseling psychologists have answered the call to address oppression related to intersectional identities. We have played a major role in the development of practiceExpand

References

SHOWING 1-10 OF 86 REFERENCES
Being Black, Living in the Red: Race, Wealth, and Social Policy in America.
"Being Black, Living in the Red" demonstrates that many differences between blacks and whites stem not from race but from economic inequalities that have accumulated over the course of AmericanExpand
Wealth Inequality in Black and White: Cultural and Structural Sources of the Racial Wealth Gap
Using data from the 2013 Survey of Consumer Finances, this research examines competing and complementary cultural and structural explanations of the sources of racial differences in wealth. We useExpand
Why Was a Wealth Tax for the UK Abandoned? Lessons for the Policy Process and Tackling Wealth Inequality
Abstract The distribution of wealth is widening in many countries and with it the growing importance of inherited wealth. In 1974, a Labour Government came to power in the United Kingdom committed toExpand
Black-White Differences in Wealth and Asset Composition
Using data from the 1976 and 1978 National Longitudinal. Surveys of young men and young women, this study examines racial differences in the magnitude and composition of wealth and the reasons forExpand
Racial and ethnic differences in wealth and asset choices.
TLDR
Analysis of various components of aggregate wealth, including housing equity, nonhousing equity, financial assets in general, and risky assets in particular, inspects asset choices by race and ethnicity and assesses whether differences in saving behavior--and, consequently, in rates of return on assets--are possible sources of the wealth gap. Expand
The Hidden Cost of Being African American: How Wealth Perpetuates Inequality
Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside theseExpand
Closing the Racial Wealth Gap: Establishing and Sustaining an Initiative
By 2003, the savings and asset building field had achieved critical research and policy successes. However, some challenges it faced were the lack of a substantial presence of organizations of colorExpand
A Problem of Riches: Towards a new Social Policy Research Agenda on the Distribution of Economic Resources
The distribution of economic resources in society is a central concern for social policy. But research in this area has primarily concentrated on the bottom of the economic distribution, namely ‘theExpand
Black Wealth/White Wealth: A New Perspective on Racial Inequality
1. Race, Wealth, and Equality 2. A Sociology of Wealth and Racial Inequality 3. Studying Wealth 4. Wealth and Inequality in America 5. A Story of Two Nations: Race and Wealth 6. The Structuring ofExpand
The ‘Deserving’ Rich? Inequality, Morality and Social Policy
Abstract There is a long tradition in social policy of discussing and critiquing the notion of ‘deservingness’ in relation to ‘the poor’. This paper will apply such debates to ‘the rich’ to considerExpand
...
1
2
3
4
5
...