Discussing how before the Fair Housing Act the main people who were able to apply and receive loans were caucasian. Connecting then to now is quite easy, since white family;s could use loans to slowly pay off houses bought outside of their price range the could also save money for houses, with people wanting to have their neighbors look as ‘decent’ as them they would live close together forming money stable and white communities. In contrast minorities could not save money and either bought the cheapest available house or rented with the little money available. They formed groups as well because speaking from a market perspective, the closer poorer people live to you the poorer and you are as well. This caused massive divide in cities that would last generations as America was and is slow in becoming racially equal and for allowing more intergenerational mobility; even though it has improved the issue has not been fixed. The money was never allowed to be saved within minority communities so the schools that have larger minority populations receive less money and the above data shows that with the top five schools receiving an average of twenty five percent more (+$1657.2) with a fifty five and half percent lower minority student population than the average of the top five poorest schools. Another piece of inequality is that in the census of 2014 blacks and Hispanics had lower percentage of population with a high school or college degree. Education also affects the intergenerational mobility for minorities as parents that have been taught less are likely to pass less onto their children. SInce less money has been available to the families of minorities the schools have not been able to help further improve their standards and teaching. This also is present within the data because the five poorest schools had higher minority populations and lower number of student passing
Discussing how before the Fair Housing Act the main people who were able to apply and receive loans were caucasian. Connecting then to now is quite easy, since white family;s could use loans to slowly pay off houses bought outside of their price range the could also save money for houses, with people wanting to have their neighbors look as ‘decent’ as them they would live close together forming money stable and white communities. In contrast minorities could not save money and either bought the cheapest available house or rented with the little money available. They formed groups as well because speaking from a market perspective, the closer poorer people live to you the poorer and you are as well. This caused massive divide in cities that would last generations as America was and is slow in becoming racially equal and for allowing more intergenerational mobility; even though it has improved the issue has not been fixed. The money was never allowed to be saved within minority communities so the schools that have larger minority populations receive less money and the above data shows that with the top five schools receiving an average of twenty five percent more (+$1657.2) with a fifty five and half percent lower minority student population than the average of the top five poorest schools. Another piece of inequality is that in the census of 2014 blacks and Hispanics had lower percentage of population with a high school or college degree. Education also affects the intergenerational mobility for minorities as parents that have been taught less are likely to pass less onto their children. SInce less money has been available to the families of minorities the schools have not been able to help further improve their standards and teaching. This also is present within the data because the five poorest schools had higher minority populations and lower number of student passing