Essay on The Social Welfare System, Poverty And Diversity

1147 Words 5 Pages
This week, the discussion revolved around the Social Welfare System, Poverty and Diversity. Inequality has emerged as a central issue in the 2016 United States presidential election. As we end the Great Recession, the development of Occupy Wall Street, talks of the 99% versus the 1%, President Obama’s State of the Union address, suggest that inequality matters.
Homeownership rates are beginning to rise since the fall of the Big Five Automakers and Banking systems. However, the distribution of homeownership remains uneven along racial and ethnic lines. Using data from the 2010-2014 3Year Sample of the American Community Survey (ACS), reveal distinct patterns; the Asian-white homeownership gap is detailed by immigration, and spatial patterns of residence, the disadvantage of African Americans and Puerto Ricans is attributed to the demographic and socio-economic factors. While for Mexicans and other Hispanics all four of immigration, spatial patterns, socio-economic and ethnic inequality influence homeownership. Relatively low home ownership rates among racial and ethnic minority groups have usually been attributed to weak socio-economic status.

Other factors are racial preferences and discrimination in the credit and housing markets. (DeSilva and Elmelech, 2012). Household characteristics include primary elements of home ownership such as family structure (marital status, children), demographic characteristics (gender, age) and human capital endowment of households…

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