Claims of a postracial society twithstanding, there are ermous and even expanding differences in the level of assets owned by various racial and ethnic groups-and black families are vastly overrepresented among the asset poor. Lori Martin provides an in-depth exploration of the causes and consequences of racial wealth inequality. Drawing on both national data and case studies from New York City, Martin probes the reasons for discrepancies in wealth accumulation and their significance for black Americans of all ecomic classes. Her work allows a deeper understanding of the impact of asset poverty on individuals, families, communities, and the nation as a whole.
Lori Latrice Martin is assistant professor of Africana Studies at John Jay College of Criminal Justice, City University of New York, USA.