ABSTRACT

This study identifies socioeconomic factors that contribute to wealth advantages or disadvantages across ethnoracial groups in early adulthoods during the Great Recession. Using data from the National Longitudinal Study of Adolescent Health, we find that current and childhood social class partially explain racial disparities in debt, assets, and assistance with housing payments but do little to account for disparities in homeownership. These results underscore the life course perspective that wealth inequality disrupts the maintenance of successful adulthood for minority racial groups. Ethnoracial disparities in homeownership are a critical lever of the wealth-race gap later in adulthood.

摘要

本研究确定了在大萧条期间导致成年早期不同种族群体财富优势或劣势的社会经济因素。使用来自全国青少年健康纵向研究的数据，我们发现当前和儿童时期的社会阶层部分解释了债务、资产和住房支付援助方面的种族差异，但几乎没有解释住房所有权的差异。这些结果强调了财富不平等会破坏少数种族群体维持成功成年的生命历程观点。房屋所有权方面的种族差异是成年后期贫富差距的一个关键杠杆。