The economic mobility of Black and White families

Part of the American dream is to achieve economic mobility, which should lead to more choice and opportunity. Julia Isaacs of the Brookings Institution reviewed longitudinal data to review the transfer of intergenerational wealth between Black and White families to determine if Black and White families have the same chance at economic success in the U.S.. In “Economic Mobility of Black and White Families,” Ms. Isaacs found that in the past thirty years, personal income has increased for Black and White women in their 30’s. In the same period of time, personal income fell for Black and White men. In 2004, the family income of Blacks ages 30-39 was $35,000, while similarly aged White families earned $60,000. In terms of intergenerational wealth, the study found that Black children grow up in families with lower incomes than White children. Since parental income influences childhood economic success, the study concluded that Black and White children do not have an equal chance to achieve economic success. The study attributed lower upward mobility for Black men to a difference in full time wages for Black and White full time employees and lower employment rates for Blacks.

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