Thomas M. Shapiro

TL;DR: Oliver et al. as discussed by the authors used the Survey of Income and Program Participation (SIPP) data set to measure individual net worth (all wealth) and net financial assets (net worth minus housing equity and automobile value) as they artfully describe the trend of deepening economic inequality between the races since the 1980s.

TL;DR: The Hidden Cost of Being African American by Thomas Shapiro as mentioned in this paper reveals how the lack of these family assets along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped.

TL;DR: A Sociology of Wealth and Racial Inequality: A Story of Two Nations: Race and Wealth as discussed by the authors is a sociological study of race, wealth, and inequality in America.

TL;DR: The importance of wealth plays in weathering emergencies and helping families move along a path toward long-term financial security and opportunity was highlighted in this paper, where the authors highlighted the importance of having a financial cushion also provides a measure of security when a job loss or other crisis strikes.