The political economy of education, financial literacy, and the racial wealth gap


Journal Article

© 2017, Federal Reserve Bank of St. Louis. This article examines the mismatch between the political discourse around individual agency, education, and financial literacy, and the actual racial wealth gap. The authors argue that the racial wealth gap is rooted in socioeconomic and political structure barriers rather than a disdain for or underachievement in education or financial literacy on the part of Black Americans, as might be suggested by the conventional wisdom. Also, the article presents a stratification economic lens as an alternative to the conventional wisdom to better understand why the racial wealth gap persists

Full Text

Duke Authors

Cited Authors

  • Hamilton, D; Darity, WA

Published Date

  • January 1, 2017

Published In

Volume / Issue

  • 99 / 1

Start / End Page

  • 59 - 76

International Standard Serial Number (ISSN)

  • 0014-9187

Digital Object Identifier (DOI)

  • 10.20955/r.2017.59-76

Citation Source

  • Scopus