5 Reasons Why the “American Dream” is a Dream According to the Racial Wealth Gap.

  1. Education doesn’t determine wealth, race does. The median white adult who attended college has 7.2 more wealth than the median black adult who attended college and 3.9 times more wealth than the median Latino adult who attended college (demos.org). Also, a white adult who didn’t go to college still makes more than a black adult who went to college. The same degree should allow every person to receive the same appropriate wealth, but it’s the race of the person who gets the degree that determines it. That isn’t what the American dream is about.

 

  1. Women will always be underpaid and not be viewed with the same respect as men. Women have always been paid less than men, even in the same job position. Women have been viewed as weaker than men or even as sexual objects to men. Women have been viewed as housemothers, caretakers, and never the money makers of the family. Women don’t receive the same respect as men, even when they rightfully deserve it. The American dream should allow everyone, regardless of sex to the same opportunities and the same potential wealth, but it does not.

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  1. Stereotypes are still a thing in the 21st century. It is 2018 and racism, classism, and sexism still exist. Societal views on a person can affect their possible job position or even a chance of a promotion. Stereotyping can damage a person’s credibility. People are given stereotypes every day that affect their lives and their families lives. The American Dream should stand for equality and a fresh start, but it doesn’t. There are still stereotypes and assumptions that prevent people from earning their full potential wealth and living their full potential life.

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  1. Hard work doesn’t determine wealth, race does. The American Dream is the idea that if you work hard enough anything is possible. For whites that may be true, but for the rest of the races its far from the truth. Overall, whites have more opportunities and advantages compared to Latinos or African Americans. A white person’s history gives them more opportunities than a colored person’s history. Even if a colored person worked twice as hard as a white person, odds are the white person would benefit more in the end.

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  1. Better choices don’t always mean better lives. A good decision like spending less money, doesn’t end the racial gap and doesn’t make a color person life any better. Stated in the “Asset Value of Whiteness”, the average white household spends 1.3 times more than the average black household of the dame income group. But yet white households have more money than black households and in turn are making better lives for themselves. The racial wealth gap isn’t closing any time soon and until it does, all races won’t be able to accomplish the so called “American Dream”.

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