Closing the Racial Wealth Gap in One Generation: Bootstraps are for Black Kids
Thursday, October 6 | 10:45pm
- Yunju Nam, Associate Professor, School of Social Work, University at Buffalo
- Khaing Zaw, Statistical Research Associate, Samuel DuBois Cook Center on Social Equity, Duke University
- Anne E. Price, President, Insight Center for Community Economic Development
Anne E. Price, President, Insight Center for Community Economic Development
Khaing Zaw Presentation Slides
One of the largest predictors of economic success and mobility for young adults is whether or not they receive financial support from their parents, in particular support for education. This presentation is based on new research on race, gender and intergenerational wealth transfers, with some focus on economic modeling as a means to test whether individual policy and practice interventions as well as combinations of interventions can reduce inequality in household economic security among racial and ethnic households in various metropolitan regions and of varying demographic compositions. The presentation will enhance the audience’s understanding of the interplay between significant policy and practice and outline two major solutions that can help address stark racial and gender differences in intergenerational transfers.