Question

Patricia, a young white woman, and Daniel, a young black man, are both struggling to get by. However, Patricia was able to pay off her student loans when she inherited money from her grandmother. This is an example of racial disparities in:_________

Answer 1

Answer:

This is an example of racial disparities in inheritance.

Explanation:

Some reseachers have noted that "the most significant aspect of multigenerational wealth distribution comes in the forms of gifts and inheritances" and that the lack of wealth and procurement of asstets among African Americans prevents them from making significant contributions to subsequent generations. 1

Therefore, Daniel is here at a disadvantage which is cause by a disparity in inheritance.

1 Bowman, Scott W. (2011). "Multigenerational Interactions in Black Middle Class Wealth and Asset Decision Making". Journal of Family Economic Issues. 32 (1): 15–26. doi:10.1007/s10834-010-9204-5.