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One factor is home ownership, which is much higher for white families. A second, closely related factor is inheritance.
Keith Payne • The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
while 85 percent of children born to upper-class families are raised by both of their birth parents, only 30 percent of those born to working-class families are.
Rob Henderson • Troubled: A Memoir of Foster Care, Family, and Social Class
His failure was to assume that American society’s economic self-interest—a rising tide to lift all boats—would trump anti-black racism. It did not.
Henry Louis Gates Jr. • The African Americans: Many Rivers to Cross
Middle class people focus on debt.
Myron Golden • From The Trash Man To The Cash Man
And the executive time scarcity is bound to become worse rather than better.