Social and Behavioral Sciences Commons^™

The Great Recession And The Destruction Of Minority Wealth, Douglas S. Massey, Jacob S. Rugh

Faculty Publications

It seems obvious now, but there was a time when social scientists paid little attention to wealth as a factor in America's system of racial stratification. For many years, researchers focused primarily on black-white differentials in education, employment, and earnings; and in these dimensions progress was clearly being made. From 1963 (just before the passage of major civil rights legislation) to 2001 (just after the economic boom of the 1990s), the ratio of black-to-white median household income rose from 33 percent to 64 percent. Over the same period, the black-white ratio for high school graduates climbed from 51% to 89%, …