The Racial Wealth Gap and the Borrower’s Dilemma
Bibliographic Data
| ID | 18959219 |
|---|---|
| Authors | N S Chiteji (Skidmore College, Saratoga Springs, NY,), Ngina Chiteji (0000-0002-4030-6851, Skidmore College, corresponding author) |
| Year | 2010 |
| Volume | 41 |
| Issue | 2 |
| Pages | 351-366 |
| Publication date | 2010-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Black Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9347 • E-ISSN: 1552-4566 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0021934709353730 |
| OpenAlex | W1967925606 |
| Language | EN |
| Citations received | 15 |
| References cited | 22 |
This article examines the relationship between the Black-White wealth gap and household borrowing. Financial markets have been applauded for making credit available to all U.S. households since the 1990s—for democratizing credit. This study finds that the rates charged to borrowers can differ substantially by race, however. Because a household’s wealth status is affected by both the value of its assets and its outstanding debt, the author argues that the natural operation of credit markets inevitably depresses African Americans’ ability to accumulate wealth. The implications for the position of African Americans within U.S. society are also discussed
Debt · Dilemma · Economics · National wealth · Position (finance) · Race (biology) · Sociology · Value (mathematics) · White (mutation) · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
Black and White Wealth Differentials in the United States
House Rich, Poor Access
Ethno-Racial Stratification in the Refinanced Mortgage Market
Ethno-racial and Down Payment Disparities in Mortgage Credit Access
The gender of debt and credit
Ethno-racial and relative income disparities in access to mortgage credit
Federal Wealth Policy and the Perpetuation of White Supremacy
Wealth Privilege and the Racial Wealth Gap
Home inequity
The contribution of dementia to the disparity in family wealth between black and non-black Americans
From Financialization to Sociospatial Polarization of the City? Evidence fromCanada
The role of race, ethnicity and tribal enrolment on asset accumulation
Ethno-Racial and Credit Worthiness Disparities in Access to Mortgage Credit
Layaway Freedom
Wealth Inequality in Black and White
A Treatise on the Family
The Transition to Home Ownership and the Black-White Wealth Gap
Inter-Vivos Transfers and Intergenerational Exchange
Excavating for Economics in Africana Studies
Race, Culture, and the Market
Economic Globalization and the Future of Black America
Social Security Privatization and African Americans
The Black Reparations Movement
Good Times
The Color of Money
Evidence on Discrimination in Mortgage Lending
Black/White Equality
| Citations per year | 1.25 |
|---|---|
| Citation span | 2014 - 2026 (13) |
| Highly cited | No |