Journal of Family and Economic Issues

, Volume 32, Issue 1, pp 15–26

Multigenerational Interactions in Black Middle Class Wealth and Asset Decision Making

Original Paper

DOI: 10.1007/s10834-010-9204-5

Cite this article as:
Bowman, S.W. J Fam Econ Iss (2011) 32: 15. doi:10.1007/s10834-010-9204-5

Abstract

Traditional comparisons of wealth and asset attainment between Blacks and Whites suggest disproportionate outcomes; yet are limited in capturing the intrinsic factors that influence the decision-making process. This study examines the multigenerational interactions and influences that shape Black middle-class wealth and asset decision-making. Twenty-nine in depth interviews with Black middle-class families from three metropolitan cities were completed to provide insight into the factors that influence their economic decision-making. Results indicate Black multigenerationalism plays a significant and unique role in the understanding of contemporary wealth and asset decision making for Black middle-class families, including: (a) the desire for “safe” economic decision-making by parents, (b) the absence of a formal, multigenerational discourse, and (c) the absence of early, alternative economic knowledge.

Keywords

Black middle class Multigenerationalism Wealth and asset attainment 

Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Criminal JusticeTexas State University—San MarcosSan MarcosUSA

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