Toxic Inequality

Economic inequality is at historic highs, but its impact differs by race. African Americans’ net wealth is just a tenth that of white Americans. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities—a dangerous combination he terms “toxic inequality.”

Toxic Inequality reveals how these forces trap families in place. Shapiro’s longitudinal research vividly documents the Great Recession’s toll on parents and children, the ways families use financial assets, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code—much more than individual choices—push some forward and hold others back. Toxic inequality has been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society.