Which factor accounts for wealth gaps between Black and White families with the same levels of educational attainment?
A) African American families tend to purchase homes later in life because they face more obstacles in home buying than White
B) Black homeowners are less likely to build up equity over the years because of residential segregation
C) White families are more likely to receive financial assistance in purchasing a home from their family members.
D) All of the above

Question

Quizplus · Accepted Answer

All of the choices contribute to the wealth gaps between Black and White families with the same levels of educational attainment. African American families tend to purchase homes later in life because they face more obstacles in home buying than White families. Black homeowners are less likely to build up equity over the years because of residential segregation. White families are more likely to receive financial assistance in purchasing a home from their family members which can help them accumulate wealth.

Which Factor Accounts for Wealth Gaps Between Black and White