Deck 25: Race, Homeownership, and Wealth

Question 1

The key to understanding racial stratification in the United States is ______.

A) income
B) disability
C) insurance
D) wealth

Answer 1

D

Question 2

When was wealth data for average American families first collected?

A) 1920s
B) 1940s
C) 1960s
D) 1980s

Answer 2

D

Question 3

Much of the social science research on racial inequality has examined ______.

A) jobs and wages
B) family wealth
C) human capital development
D) wealth disparity

Answer 3

A

Question 4

Research suggests that, compared to white homeowners, African American homeowners ______.

A) receive significant help from family members
B) pay lower interest rates on home loans
C) purchase their house on their own
D) pay larger down payments on their home

Question 5

Which statement most accurately reflects the individual model of wealth accumulation?

A) It builds quickly in young families.
B) It involves homeownership opportunities.
C) It is used mostly during the working years.
D) It is life-cycle sensitive.

Question 6

A tool that facilitates an examina?tion of the wealth condition of American families is known as the ______.

A) Asset Poverty Line
B) Federal Poverty Instrument
C) Poverty Assessment Tool
D) Bridge Out of Poverty

Question 7

What is Sandra McCord most concerned about?

A) her children's futures
B) obtaining her degree
C) her parents' health
D) finding a job

Question 8

The standard metric of racial inequality is to compare the __________ of average White and Black families.

A) wealth
B) assets
C) budgets
D) incomes

Question 9

The baseline racial wealth gap also shows that Black families own __________ of wealth for every dollar owned by White families.

A) one nickel
B) one dime
C) 50 cents
D) 75 cents

Question 10

Which statement accurately reflects research on the homeownership gap?

A) The homeownership gap is widest for older age groups.
B) Blacks can afford to buy homes earlier than Whites.
C) The earlier a family buys a home, the greater the likelihood the home will create wealth.
D) Few White couples purchase homes with financial assistance from their parents.

Question 11

Briefly describe the standard social science approach to examining racial inequality.

Question 12

Explain one approach to boost affordable homeownership.

Question 13

What does the author mean by "homes also have use value"?

Question 14

Discuss how many families use wealth.