The Hidden Rules of Race: Barriers to an Inclusive Economy (Cambridge Studies in Stratification Economics: Economics and Social Identity) | The Color of Money: Black Banks and the Racial Wealth Gap | The Broken Ladder: How Inequality Affects the Way We Think, Live, and Die | The Financial Diaries: How American Families Cope in a World of Uncertainty | The Color of Law: A Forgotten History of How Our Government Segregated America | The Hidden Cost Of Being African American | Dream Hoarders
In Toxic Inequality, Shapiro reveals how these forces combine to trap families in place. Following nearly two hundred families of different races and income levels over a period of twelve years, Shapiro's research vividly documents the recession's toll on parents and children, the ways families use assets to manage crises and create opportunities, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code-much more than individual choices-push some forward and hold others back. A lack of assets, far more common in families of color, can often ruin parents' careful plans for themselves and their children.
Toxic inequality may seem inexorable, but it is not inevitable. America's growing wealth gap and its yawning racial divide have been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society.
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