Income and Wealth
Income refers to salaries, wages, and other money received. There is a significant gap between the incomes of black and white families in the United States. The poverty rate for blacks is three times that for whites. Wealth encompasses all of a persons material assets, including land and other types of assets. The wealth picture in the United States shows even greater disparity between whites and blacks than does income. Use Functional/conflict/interactionist approach to discuss why we observe these differences in wealth and income.