This project represents the first efforts to ascertain the extent and potential repercussions of wealth and net worth poverty among minority youth. Our specific aims are as follows:
1. Analyze racial and ethnic disparities in wealth among households with children, and identify potential mechanisms that explain such disparities.
2. Estimate levels and trends in net worth poverty for non-Hispanic White, non-Hispanic Black, and Hispanic households with children.
3. Examine if parental net worth helps to explain racial and ethnic disparities in young adult’s educational and fertility outcomes, as measured by high school completion, college attendance and graduation, and non-marital childbearing.
4. Test whether net worth poverty is a better predictor of these outcomes than income poverty.