Social and Behavioral Sciences Commons^™

The Power Of Knowledge: The Relationship Between The Racial Wealth Disparity And Generational Transmission, Cedaniel R. Sumpter

Senior Projects Spring 2023

My hypothesis is that generational knowledge plays a pivotal role in the accumulation of wealth. African Americans have a historical lack of engagement in financial markets, which can be attributed to a combination of historical discriminatory practices and institutional racism, and familial instability. These factors each contribute to the wealth gap between white and black Americans. The discussion lacks the multidimensional landscape that is required to understand it. Even within an economic context, the wealth gap cannot be explained nor understood without the context of American social structure, political influence, healthcare availability and more. I will begin to expand the …