White Family Research Paper

wealth had no concern for the minorities of America. They were left behind to cultivate the

The racial wealth gap is a phenomenon that has affected millions of Americans over multiple generations. A house is one of the biggest contributors to an individual’s assets, however there have been discriminatory practices that have been used to prevent minorities from homeownership, therefore reducing their ability to attain as many assets as their white counterpart. This study in particular will compare the amount of subprime lending taking part in Prince George’s County and Fairfax County , two counties in Maryland that have the same affluence but different racial demographics. Through this study I hope to inform an audience of the correlation between subprime lending and race , as well as the effect

African American students are generally most successful in a less formal, experience-driven learning environment. They tend to prefer cooperative learning and a social atmosphere. The attention span for African American students has been shown to be shorter than other those from other cultures, so shorter, more concise lessons benefit them. It has been shown that African American students enjoy storytelling and learning through hands-on experience and creative methods.

There are a few reasons why home value rises a lot more for whites than African-Americans on the grounds that whites are significantly more ready to give family monetary help, bigger in advance installments by white property holders lower interest rates and loaning expenses. As anyone might expect, increments in pay are a noteworthy wellspring of riches amassing for some US families. However,income picks up for whites and African-Americans have an altogether different effect on riches. At the individual riches medians, each dollar increment in normal wage over the 25-year study period included $5.19 riches for white families, while the same salary increase just included 69 pennies of riches for African American families. Most Americans inherit next to nothing or no cash at all. in view of college a normal

Ruetschlin stated, “Homeownership is the central vehicle Americans use to store wealth, so homeownership and access to homeownership are at the heat of that widening wealth gap”. The median house worth for blacks and Latinos is $48-$50,000; while the median house worth for whites is a whopping $85,800. Much of this disparity derives from the increasing gap in housing values located in neighborhoods where people of color live versus white neighborhoods. The roots of this issue go back to the National Housing Act of 1934, which marked entire black neighborhoods as bad credit risks. Being so, the act discouraged lending in these areas, even as black homebuyers continued to be excluded from white neighborhoods. (forbes.com) Although it was outlawed over thirty years later, its impact is still felt today as the continuation of residential segregation patterns persists. For example, just three years ago, Wells Fargo admitted to leering those of color into subprime mortgages all the while offering whites with similar credit profiles prime

One legacy of discriminatory policies is that African American families today are more vulnerable to foreclosures, which destroys a large amount of their wealth. According to a study by Shapiro et al. of Brandeis University in February 2013, “Homes are the largest investment that most American families make and by far the biggest item in their wealth portfolio. Homeownership is an even greater part of wealth composition for black families, amounting to 53 percent of wealth for blacks and 39 percent for whites. Yet, for many years, redlining, discriminatory mortgage-lending practices, lack of access to credit, and lower incomes have blocked the homeownership path for African- Americans while creating and reinforcing communities segregated by race. African-Americans, therefore, are more recent homeowners and

Race is commonly associated with poverty. It was found that "black and Hispanic family income has been approximately 60 percent of white median family income. Interestingly it was also discovered that their net worth was approximately one-tenth that of whites"(Squires and Kubrin , 51 ). Race can play a pivotal role in getting home loans and locations of neighborhoods in which you buy a home. Segregation still plays a major role in poverty.

According to Golash-Boza, wealth gap can be explained in five factors, including years of homeownership, household income, years of unemployment, college education, and inheritances or financial support from family members. Firstly, years of homeownership is biggest, primary explanation in difference in white and black families as white homeowners are much more likely to build up equity over the years. Secondly, not only “whites are more likely to have jobs with benefits,” they are likely to be hired and given more opportunities to be interviewed for the job. In addition, blacks are more likely to have long years of unemployment as “blacks [tend to] be in [a] more precarious employment situation and more likely to lose their jobs” (Golash-Boza 287). Moreover, white are more likely to have higher levels of education as well as to inherit money from their parents. Because families with high home equity can use that to support their children in their college education, whites tend to have higher levels of education with less amount of loans by the time they graduate. Furthermore, a study done by Shapiro and his colleagues in 2013 found that “36 percent of white households inherited some money over the twenty-five-year period under study, compared with only 7 percent of black households” (Golash-Boza 287). Yet, not only blacks were less likely to be inherited, even when they were inherited, it was still only about 10 percent of what whites have inherited. In the book, Golash-Boza stated that “wealth begets wealth [and so] wealth inequality is hard to overcome.” I strongly agree with this statement as I also personally have witnessed this cycle of wealth begetting wealth. Although she was not white, I have a third generation Korean-American friend who lived in Porter Ranch, California with her lawyer parents. With a house in a rich, white neighborhood and incomes of her parents,

Initially, while segregation in housing was legal, African-Americans were forced to live in certain neighborhoods, most of which were overcrowded and underfunded as the wealthier whites moved from city to suburb (“Housing”). In addition, the more prosperous African-Americans who had the ability to move into better neighborhoods were unable due to many suburbs not allowing minorities to live there or refusing to sell homes to minorities. Because a substantial segment of the middle-class white population moved to the suburbs, known as “white flight”, “cities became more polarized between the affluent and the poor” (“Fair”). The racist separation into lesser areas and increased poverty rates for African-Americans led to their continued economic oppression following civil rights legislation by forcing them to live in neighborhoods with worse conditions, such as poverty and overcrowding. Furthermore, as mortgage and foreclosure rates increased from financial discrimination, the quality of these neighborhoods began to decline rapidly. In 1990, houses within these lower rated neighborhoods were almost twice as likely to face overcrowding, and the estimated value of homes previously in the ‘A’ zone was $230,000, while in the ‘D’ zone, they were approximated to be worth just $89,000 (Appel and Nickerson). This stark contrast in value

Last Thursday night I attended Babson Arts rendition of Clybourne Park and I was thoroughly impressed that only seven students could perform a play so well. The show consisted of two acts that took place in different time periods. The first act takes place in 1959 and focuses on a situation that involves a white family selling their home in a white neighborhood to a black family. When one of the neighbors realizes this, he comes to talk to the family and tries to convince them to sell it to anyone besides a black family. This topic is obviously very relevant to our class and shows how black families of the time were discriminated against by white families. This discrimination consists of a combination of normative prejudice and institutional

Wealth determines many other factors of life such as health and education , therefore a decrease in wealth is harmful because it reduces a person’s lifespan and their ability to get out of their rough economic situation. Although subprime lending is the most current form of housing discrimination inheritance inequality, redlining and property taxes have historically caused separate and unequal communities between Black and Whites. While my paper will focus mainly on the disparities nationally between Whites and Blacks , this problem overwhelmingly affects the Hispanic community as well.

Americans are eating their way to the grave. The American diet has changed dramatically over the years and this change is killing a nation. An American family 100 years ago would get everything they ate from their very own backyard. They farmed the land they lived on, grew their own fruits and vegetables, and even raised their own chickens, cows, and pigs. Whatever their family didn’t need was sold to a neighbor or people close in their community. 100 years ago there was no such thing as genetically modified food. 100 years ago millions of people a year didn't lose their lives to cancer. People didn't die because factories were unsanitary and people didn't die of preventable foodborne illnesses. There was no such thing as foods

An article from the New York Times analyzes a study from Sean Reardon (professor at Stanford) who conducted research about black people and low income neighborhoods. Reardon found that even if a black families’ annual income is in the $100,000 range, they are living in neighborhoods with median annual income of $54,400. The study found that white and Asian American families typically live in neighborhoods where the median salary is close to that of their own. To put in perspective, middle-class black families are living in neighborhoods with lower income than the typical low-income white family. The reason that these numbers are concerning is because it proves that even when people of color achieve

The environment I was raised in was not the most typical. The Diversity and adversity in my family created a complex atmosphere to experience as a child. I am the first biracial child in my family.With a white mother and black father, I was exposed to two very different cultures. The diversity of my family taught me to be accepting and open-minded, along with helping me become adaptable to different types of people. As a child, I was subjected to disapproval, of my parents relationship and my own self. This judgement caused members of my family to doubt my abilities and my success. IN order to be taken seriously, I focused on improving in the things that I enjoyed. The pressure to prove my family wrong motivated me to work hard. Through my success in academics and music, my ambition and with the support of my parents I was able to gain the respect of both sides of my family. Even though I proved them wrong, as I grew older I learned of the different political standings among members of my family. With conservative and liberal views clashing, I learned to be open-minded to all beliefs, and to accept and love any person, even if I disagreed with their ideas.

I have enrolled in this course as it is part of the curriculum for the Child Life, Administration, and Family Collaboration M.S. program. Being that this course is based around the development and maintenance of family relationships, it will add to my knowledge and understanding of family systems, which is incredibly important in a hospital setting such as the one that I currently volunteer at, as well as wherever my future career may take me. I feel that exploring family stories through case analyses will provide me with a broader understanding of various family systems.