Posts tagged ‘distribution of wealth’

The White Underclass

(Source: New York Times)

Persistent poverty is America’s great moral challenge, but it’s far more than that.

As a practical matter, we can’t solve educational problems, health care costs, government spending or economic competitiveness so long as a chunk of our population is locked in an underclass. Historically, “underclass” has often been considered to be a euphemism for race, but increasingly it includes elements of the white working class as well.

That’s the backdrop for the uproar over Charles Murray’s latest book, “Coming Apart.” Murray critically examines family breakdown among working-class whites and the decline in what he sees as traditional values of diligence.

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Is White, Working Class America ‘Coming Apart’?

(Source: NPR)

According to the libertarian social scientist Charles Murray, America is “coming apart at the seams.” Class strain has cleaved society into two groups, he argues in his new book Coming Apart: The State of White America, 1960-2010: an upper class, defined by educational attainment, and a new lower class, characterized by the lack of it. Murray also posits that the new “lower class” is less industrious, less likely to marry and raise children in a two-parent household, and more politically and socially disengaged.

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The Great Recession in Black Wealth

(Source: Dollars & Sense)

The Great Recession produced the largest setback in racial wealth equality in the United States over the last quarter century. In 2009 the average white household’s wealth was twenty times that of the average black household, nearly double that in previous years, according to a 2011 report by the Pew Research Center.

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