Book contents
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- 4 Racial Inequality, Market Inequality, and the American Political Economy
- 5 The Production of Local Inequality: Race, Class, and Land Use in American Cities
- 6 The City Re-centered? Local Inequality Mitigation in the 21st Century
- 7 The Political Economies of Red States
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- Bibliography
4 - Racial Inequality, Market Inequality, and the American Political Economy
from II - Race, Space, and Governance
Published online by Cambridge University Press: 29 October 2021
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- 4 Racial Inequality, Market Inequality, and the American Political Economy
- 5 The Production of Local Inequality: Race, Class, and Land Use in American Cities
- 6 The City Re-centered? Local Inequality Mitigation in the 21st Century
- 7 The Political Economies of Red States
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- Bibliography
Summary
A study of Boston’s racial wealth gap made headlines in late 2017 when it revealed that the median net worth of the city’s Black households was only $8, compared to $247,000 among white households (Hill 2017; Johnson 2017; Muñoz et al. 2015). The gap in Boston may have been starker than in the nation as a whole, but the latter was also striking. In 2016, the median net worth of Black and Hispanic households nationwide was $17,000 and $20,700, respectively, compared to $171,000 for whites (Dettling et al. 2017). The disparities amongst households with children were even more pronounced. In 2016, Black households with children held 1 percent of the wealth of non-Hispanic white households with children (Percheski and Gibson-Davis 2020: 1).
- Type
- Chapter
- Information
- The American Political EconomyPolitics, Markets, and Power, pp. 133 - 157Publisher: Cambridge University PressPrint publication year: 2021
- 3
- Cited by