The picture provided depicts the accepted impression that in America that the privileged youth of today are in destitution. Since the beginning of our nation, we repetitively have demonstrated that dwindling family income is a key determinant of pressure throughout social, emotional, and developmental problems. I believe I have experienced this phenomenon first hand but also challenge certain beliefs because although I was born and raised in a nice suburban neighborhood and attended a private education my whole life until college. Throughout my years in private education and living in an upper middle-class arrangement and much to my astonishment, the prosperous peers surrounding me consequently became significantly more disconnected to the
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This view is especially prevalent in emerging and developing nations, where most see economic opportunity expanding. Still, many also believe success can be determined by things outside a person’s control, such as luck or having a wealthy family. Although there are no quick and easy solutions to the racial wealth gap and its long-term implications for children, a few clear implications emerge from this research. Helping economically vulnerable households of color to build wealth and accumulate assets is a clear way to positively impact child well-being. In addition, the data show that households have better chances if they own more than one kind of assets. While a savings account is an important first step or owning a house provides some stability, having only one kind of asset is not enough to remain secure. By providing various asset building opportunities throughout a child’s lifetime, they can grow up to contribute to our nation’s economic growth, and to help their own children realize their potential. Rather than reproducing cycles of disadvantage, we as a nation can decide to act aggressively early in a child’s life before disparities become entrenched. We need every child to dream big, live fully, and build family, community, and national
This view is especially prevalent in emerging and developing nations, where most see economic opportunity expanding. Still, many also believe success can be determined by things outside a person’s control, such as luck or having a wealthy family. Although there are no quick and easy solutions to the racial wealth gap and its long-term implications for children, a few clear implications emerge from this research. Helping economically vulnerable households of color to build wealth and accumulate assets is a clear way to positively impact child well-being. In addition, the data show that households have better chances if they own more than one kind of assets. While a savings account is an important first step or owning a house provides some stability, having only one kind of asset is not enough to remain secure. By providing various asset building opportunities throughout a child’s lifetime, they can grow up to contribute to our nation’s economic growth, and to help their own children realize their potential. Rather than reproducing cycles of disadvantage, we as a nation can decide to act aggressively early in a child’s life before disparities become entrenched. We need every child to dream big, live fully, and build family, community, and national