Social Class and Wealth Disparities

Three racial differences in wealth?
-Racialization of state policy-how state policy has impaired the ability of AA to accumulate wealth.
-Economic detour- low level of entrepreneurship
-Sedimentation of racial inequality- all effects keeps blacks in the bottom of society economic hierarchy.
　
Interviewed Kevin, a seventy-five year old retired homeowner.

The theme is that family assets expand choices, horizons, and opportunit8ies for children while lack of assets limit opportunities.

We need policies that directly address the situations of African Amnericans and we need policies that directly promote asset opportunities for those on the accumulation process.

I related most to Kathleen Kelly.   My family was poor when I graduated from high school. My five brothers had all gone on to college through football scholarships, so I did have role models. Returning back to college as an adult, the obstacles I face is the "all night" study sessions. There is never enough time in the day…I could use an extra 4-6hrs. I combat this time issue by being as organized and I can, staying on top of assignments and managing my time the best way possible. Family always come first and that is why the "all night" sessions occur. My incentive to go back to college is simply my degree. I have an opportunity to go back to college because I became a displaced worker when I was laid off from Caterpillar. When I earn my bachelors degree, I will be the first female of my siblings (five boys and three girls) to accomplish this goal. Both my parents have passed on to be with the Lord and I know they are proud. My children and husband are also proud, we work together to make this (my college) work.