The Color of Wealth

The Color of Wealth Cover

The Color of Wealth

The Story Behind the U.S. Racial Wealth Divide

By Meizhu Lui; Barbara Robles; Betsy Leondar-Wright

New Press, Paperback, 9781595580047, 326pp.

Publication Date: June 5, 2006

Description

For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? "The Color of Wealth" lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans.

This accessible book--published in conjunction with one of the country's leading economics education organizations--makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice.

Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies--how, for example, many post-World War II GI Bill programs helped whites only--"The Color of Wealth" is the first book to demonstrate the decisive influence of government on Americans' net worth.

The authors are all part of United for a Fair Economy, a national nonpartisan organization based in Boston, Massachusetts, that campaigns against growing income--and wealth inequality and inspires action to reduce economic inequality.



About the Author
Meizhu Lui is the director of the Closing the Racial Wealth Gap Initiative at the Insight Center for Community Economic Development. She was previously the executive director of United for a Fair Economy where where, with Barbara Robles, Betsy Leondar-Wright, Rose Brewer, and Rebecca Adamson, she co-authored "The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide" (The New Press).

BArbara Robles is an economist and a former member of the board of directors of United for a Fair Economy where, with Meizhu Lui, Betsy Leondar-Wright, Rose Brewer, and Rebecca Adamson, she co-authored "The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide" (The New Press).

Betsy Leondar-Wright is an economic justice activist, sociologist, and author. She is currently the project director and senior trainer at Class Action, a non-profit that raises consciousness about class and money. She was previously the communications director at United for a Fair Economy where, with Meizhu Lui, BArbara Robles, Rose Brewer, and Rebecca Adamson, she co-authored "The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide" (The New Press).

Rose Brewer is a professor of African American and African studies at the University of Minnesota. She is a co-author (with Meizhu Lui, BArbara Robles, Betsy Leondar-Wright, and Rebecca Adamson) of "The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide" (The New Press).

Rebecca Adamson is a co-author (with Meizhu Lui, BArbara Robles, Betsy Leondar-Wright, and Rose Brewer) of "The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide" (The New Press). "Color of Wealth" was written when the authors were all affiliated with United for a Fair Economy, a national nonpartisan organization based in Boston that campaigns against growing income and wealth inequality and inspires action to reduce economic inequality.