Racial Differences in Perceptions of Affluence

Abstract

This study examines perceptions held by inner-city blacks and whites of the extent of affluence in America. Blacks generally tend to believe that affluence is more widespread than do whites, although substantial variation in racial differences occurs across sex and age categories. Controls for socio-economic characteristics have little effect on racial differences in perceptions of affluence. The analysis suggests that race has an effect on perceptions of affluence that is independent of the effects of social class.