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Multigenerational Interactions in Black Middle Class Wealth and Asset Decision Making

Journal of Family and Economic Issues volume 32, pages 15–26 (2011)Cite this article

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.

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Authors and Affiliations

  1. Department of Criminal Justice, Texas State University—San Marcos, 601 University Dr., San Marcos, TX, 78666, USA

    Scott Wm. Bowman

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  1. Scott Wm. Bowman
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Correspondence to Scott Wm. Bowman.

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Bowman, S.W. Multigenerational Interactions in Black Middle Class Wealth and Asset Decision Making. J Fam Econ Iss 32, 15–26 (2011). https://doi.org/10.1007/s10834-010-9204-5

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  • DOI: https://doi.org/10.1007/s10834-010-9204-5

Keywords

  • Black middle class
  • Multigenerationalism
  • Wealth and asset attainment