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The need to incorporate concern with financial assets into future US social policy designed to alleviate poverty is articulated. It is contended that contemporary scholars have forgotten to include assets in their examinations of social division. Several frameworks in which financial assets have been traditionally acquired & maintained are reviewed, eg, state policy & financial inheritance. A review of relevant literature is performed to illustrate racial differences in asset accumulation in the US. Additional findings are also reported concerning (1) the connection between income, race, & wealth; (2) the relation between age & racial stratification; (3) the roles that home & real estate ownership play in accumulating assets; & (4) the impact of intergenerational transfers on asset accumulation. It is concluded that future policy designed to reduce social division should emphasize asset development, especially among poor families, & reconsider current methods of measuring poverty. 6 Tables, 2 Figures, 32 References. J. W. Parker

The need to incorporate concern with financial assets into future US social policy designed to alleviate poverty is articulated. It is contended that contemporary scholars have forgotten to include assets in their examinations of social division. Several frameworks in which financial assets have been traditionally acquired & maintained are reviewed, eg, state policy & financial inheritance. A review of relevant literature is performed to illustrate racial differences in asset accumulation in the US. Additional findings are also reported concerning (1) the connection between income, race, & wealth; (2) the relation between age & racial stratification; (3) the roles that home & real estate ownership play in accumulating assets; & (4) the impact of intergenerational transfers on asset accumulation. It is concluded that future policy designed to reduce social division should emphasize asset development, especially among poor families, & reconsider current methods of measuring poverty. 6 Tables, 2 Figures, 32 References. J. W. Parker

The authors analyse wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and show how public policies fail to redress this problem.

African-American families possess a dime for every dollar of White families' wealth. Among policy ideas to remedy this stark racial wealth divide, baby bonds, basic income, reducing student loan debt, and federal job guarantees hold transformative potential.

Draws on 1998/99 interviews with 75 white families in Boston, St. Louis, & Los Angeles to explore white parents' choice of neighborhood to live in & schools for their children, focusing on the role of race in the decision. It is asserted that the community & school choices of white parents are important facets of the reproduction of race & class stratification. Interview excerpts demonstrate how white parents, enabled by their race & class privilege, define "good" neighborhoods & "good" schools in terms of race. Attention is given to the in-depth interview techniques & methodological studies employed in the study, arguing that the approach fostered candid revelations on the part of the participants to reveal the degree of their racialized actions. J. Zendejas

It is contended that the US must adopt a novel approach to resolving poverty & to designing poverty policies. The conventional position that identifies income & labor markets as the principal determinants of poverty is rejected. Rather, it is claimed that three additional factors require consideration: (1) the ability of families to acquire financial assets; (2) the function financial assets play in increasing standards of living & employment opportunities; & (3) the potential benefits of creating social policy based on financial assets. Summaries of articles that address the issues of asset ownership in the US, poor people's capacity to accumulate assets, & the establishment of policy designed to encourage poor people to accumulate assets are presented. It is concluded that asset ownership significantly augments the psychological well-being of poor individuals & that emphasizing asset-based policy will introduce more families into the nation's financial mainstream. J. W. Parker

It is contended that the US must adopt a novel approach to resolving poverty & to designing poverty policies. The conventional position that identifies income & labor markets as the principal determinants of poverty is rejected. Rather, it is claimed that three additional factors require consideration: (1) the ability of families to acquire financial assets; (2) the function financial assets play in increasing standards of living & employment opportunities; & (3) the potential benefits of creating social policy based on financial assets. Summaries of articles that address the issues of asset ownership in the US, poor people's capacity to accumulate assets, & the establishment of policy designed to encourage poor people to accumulate assets are presented. It is concluded that asset ownership significantly augments the psychological well-being of poor individuals & that emphasizing asset-based policy will introduce more families into the nation's financial mainstream. J. W. Parker

Abstract. In order to determine whether the distribution of wealth in American society uncovers deeper fault lines of inequality than income alone, data from the 1984 Survey of Income and Program Participation is examined. The findings indicate that: (1) aggregate shares of wealth held by households are distributed far more unevenly than income shares, with extreme concentrations at the upper levels; (2) the data on wealth shows that the condition of black America is far more precarious, marginalized, and unequal than was thought previously; (3) single and separated women hold few assets in comparison with their male from SIPP using the weights provided by the U.S. Census which approximates the U.S. population. Parallel analyses conducted on the weighted and unweighted samples showed similar results. 3. For a detailed analysis of black‐white differences in wealth see Oliver and Shapiro (1989).

One of the most heated scholarly controversies in the area of racial equality and social justice in the 1980s has been the dispute over the nature, cause, and meaning of economic changes occurring within the black community. Although this debate has important public policy consequences, most of the research on which the debate is based is concerned with income. We argue that a broader interpretation of life chances should include an examination of wealth as well as income. Using the 1984 Survey of Income and Program Participation (SIPP), we examine black and white patterns of wealth inequality. Our analysis uncovers a depth of inequality beyond that which is found when income alone is considered. Furthermore, we find that both race and class are important in determining patterns of racial inequalities in wealth.