7 - Intergenerational Mobility and Disseminating Wealth

Summary

Chapter 7 offers a pathway toward understanding how the Love Jones Cohort navigate wealth-related issues and outcomes, and what the implications of this might be both for themselves and for the Black middle class more generally. Chapter 7 explores previous, current, and future wealth experiences and decisions of the Cohort, and sheds light on the ways in which the members of this demographic group traverse the various stages of their life course without a partner or child. Scholars make compelling arguments for adding wealth as a fourth indicator of middle-class status, and Chapter 7 focuses on how those in the Cohort accumulate wealth, particularly in terms of decision-making related to homeownership and explores the crucial issue of intergenerational mobility and the dissemination of wealth. Chapter 7 interrogates these issues so that we can begin to fully understand the implications of the rise of the Love Jones Cohort for the future of the Black middle class.