Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-586b7cd67f-t7fkt Total loading time: 0 Render date: 2024-11-23T12:10:23.989Z Has data issue: false hasContentIssue false

8 - Homeownership and the Accumulation of Wealth

Published online by Cambridge University Press:  02 February 2023

Kris Marsh
Kris Marsh
Affiliation:
University of Maryland, College Park
Get access

Summary

Chapter 8 examines in detail the Love Jones Cohort’s attitudes to wealth accumulation and homebuying, as well as highlights that those in the Cohort operate in an environment of considerable structural racism when it comes to acquiring assets. Chapter 8 further addresses persistent myths surrounding racial wealth inequality, including conventional ideas that promote greater educational attainment, harder work, better financial decisions, and other changes in habits and practices on the part of Black Americans. In Chapter 8, the Love Jones Cohort are cognizant of how their SALA status, in conjunction with family background, gender, age, a desire (or otherwise) for marriage, and responsibility to both family (friends) and the larger Black community, can shape thinking about potential wealth-building opportunities. It is also clear that when it comes to wealth accumulation, while the freedom that comes with SALA status can be an advantage in some cases, buying a home on a single income can impose a significant structural economic obstacle.

Keywords

racial wealth gaphomebuyingracial wealth gap mythsmarriage as Black citizenshiphomeownershipassetsdiscriminationhomebuyersdebt and taxestax laws
Type
Chapter
Information
The Love Jones Cohort
Single and Living Alone in the Black Middle Class
 , pp. 117 - 131
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×