Multigenerational Interactions in Black Middle Class Wealth and Asset Decision Making

2010 ◽  
Vol 32 (1) ◽  
pp. 15-26 ◽  
Author(s):  
Scott Wm. Bowman
1988 ◽  
Vol 103 (1) ◽  
pp. 159
Author(s):  
Adolph L. Reed ◽  
Bart Landry

2011 ◽  
Vol 32 (1) ◽  
pp. 61-73 ◽  
Author(s):  
Elfriede Penz ◽  
Erich Kirchler

Vietnam is undergoing a rapid transformation to a more prosperous society. This article analyzes household decision making in a transforming economy that has undergone modification of the traditional view of the family, from being an autonomous unit to an object of state policy. This is relevant because policy interventions shape household consumption through gender equality programs and thus have an impact on sex-role specialization. The aim of this study is to advance understanding of Vietnamese household consumption decisions and spouses’ current influence patterns by investigating sex-role specialization in Vietnamese middle-class families’ decision making. Overall, no significant sex-role changes were observed. It seems that traditional Vietnamese sex-role specialization does not (yet) differ among age groups. Instead, traditional sex-role segmentation remains predominant across all investigated age groups. While economic and consumption habits change rapidly, middle-class families appear to preserve their traditional influence patterns in purchase decisions.


Author(s):  
Todd M. Michney

By the mid-1970s, upwardly mobile middle-class African Americans were increasingly departing neighbourhoods like Glenville, Mount Pleasant, and Lee-Harvard for a number of nearby bona fide suburbs. As a result, such former “surrogate suburbs” began to lose their lustre, although a core (generally elderly), home-owning black middle class still remains in these outlying city neighbourhoods to this day. Starting in the 1990s, Cleveland experienced a wave of predatory lending that culminated in the 2008 foreclosure crisis. Although middle class blacks in Cleveland as elsewhere have been disproportionately impacted by this trend, they have continued their historic strategy of outward geographic mobility in search of acceptable living conditions, even to the farthest metropolitan limits.


Author(s):  
Todd M. Michney

This chapter looks at the ambitious reform agenda that black middle-class activist residents went on to mount in these outlying city neighbourhoods, encompassing housing upkeep, business revitalization, traffic safety, trash removal, and efforts to reduce liquor availability, juvenile delinquency, vice, and crime – all in an attempt to maintain what they considered an acceptable quality of life. Perhaps the most ambitious effort along these lines was a venture in which a group of African American investors purchased and renovated the Lee-Harvard Shopping Center, making it during its existence from 1972-1978 the “largest black-owned commercial complex in the nation.” Sometimes these reform efforts involved moralizing or exhibited an explicit class bias; upwardly mobile middle-class blacks did not always recognize that less well-off newcomers were motivated by similar concerns with liveability. In the end, however, their various attempts to take charge of their lives and communities contributed to the long-term vitality of these neighbourhoods and the city as a whole.


Author(s):  
Todd M. Michney

This chapter considers the structural factors and life dilemmas upwardly mobile black Clevelanders faced even after achieving geographic mobility, and explicates the dynamic whereby less-affluent African American families steadily moved into new, outlying black middle-class neighbourhoods. Topics discussed include lending discrimination, the unfavourable financing arrangements available to African American homebuyers and the associated economic setbacks they experienced, the role of black professional real estate brokerage associations, the phenomenon of isolated white families remaining in post-transitional neighbourhoods, and the forces driving lower-income African American families into outlying neighbourhoods, mainly downtown redevelopment and ongoing migration from the American South. It also investigates black middle class notions of status and the intra-racial, cross-class frictions that ensued around issues of property upkeep, personal comportment, child rearing, and leisure-time practices.


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