Toxic Inequality: How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future

Toxic Inequality: How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future

by Thomas M. Shapiro

Hardcover

$25.20 $28.00 Save 10% Current price is $25.2, Original price is $28. You Save 10%.
View All Available Formats & Editions
Eligible for FREE SHIPPING
  • Want it by Thursday, September 27  Order now and choose Expedited Shipping during checkout.
    Same Day shipping in Manhattan. 
    See Details

Overview

Toxic Inequality: How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future by Thomas M. Shapiro

From a leading authority on race and public policy, a deeply researched account of how families rise and fall today


Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a tenth that of white Americans, and over recent decades, white families have accumulated wealth at three times the rate of black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities—a dangerous combination he terms "toxic inequality."

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.



"Everyone concerned about the toxic effects of inequality must read this book."—Robert B. Reich


"This is one of the most thought-provoking books I have read on economic inequality in the US."—William Julius Wilson

Product Details

ISBN-13: 9780465046935
Publisher: Basic Books
Publication date: 03/14/2017
Pages: 288
Sales rank: 246,738
Product dimensions: 5.60(w) x 8.40(h) x 1.30(d)

About the Author

Thomas M. Shapiro is the Pokross Professor of Law and Social Policy at the Heller School, Brandeis University, where he directs the Institute on Assets and Social Policy. The author of four books, including The Hidden Cost of Being African American and, with Melvin Oliver, Black Wealth/White Wealth, he lives in Jamaica Plain, Massachusetts.

Table of Contents

Introduction: Dreams Deferred and Derailed 1

1 Wealth Matters 25

2 Inequality at Home 55

3 Inequality at Work 89

4 The Inheritance Advantage 123

5 The Hidden Hand of Government 147

6 Forward to Equity 181

Appendix: The Leveraging Mobility Study 219

Acknowledgments 223

Notes 227

Index 253

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews