Fenaba Addo

• University of North Carolina at Chapel Hill

For whom is higher education an engine of economic mobility? How should we value post-secondary education in a society with extreme wealth inequality and massive student loan debt? This study examines racial wealth inequality in young adulthood, its relationship with higher education, and what it means to be middle class. Also discussed, is how the...

The racial wealth gap in the United States is the object of much misrepresentation and misunderstanding. Our paper is intended to provide a corrective. We will address how the mainstream economic view of the drivers of racial disparities in wealth is a human capital view that promotes anti-Black and personal responsibility narratives while ignoring...

The articles in this special issue begin to explore the political and economic contexts of families’ financial lives and their undergirding oppressive systems. Scholarly literature tends to explain families’ experiences with money and finances from individual-level perspectives, such as studying the downstream consequences of borrowing too much mon...

Does the measurement of the racial wealth gap shift depending on the model, method, and dataset used? We contrast the traditional mean Oaxaca-Blinder decomposition with the distributional Recentered Influence Function (RIF) methods. The untransformed, logarithm-transformed, and inverse hyperbolic sine-transformed versions in both the Survey of Cons...

This Viewpoint discusses a report from the National Academies of Science, Engineering, and Medicine on how to address intergenerational poverty.

Wealth, a significant dimension of inequality that captures both financial security and social position, shapes patterns of family formation. This study evaluates the role of wealth in the transition to motherhood. We argue that wealth is particularly relevant to when women become mothers, and whether their first birth is desired or undesired. Leve...

This article highlights common financial issues and concerns of affluent Black American households as they attempt to build and maintain long‐term financial stability. In so doing, we shed light on the nexus of Black families seeking professional wealth management services and Black financial planners working to meet their needs while also attempti...

As COVID-19 made inroads in the United States in spring 2020, a common refrain rose above the din: “We’re all in this together.” However, the full picture was far more complicated—and far less equitable. Black and Latinx populations suffered illnesses, outbreaks, and deaths at much higher rates than the general populace. Those working in low-paid j...

Using data from the National Longitudinal Study of Youth 1997 cohort, the study explores the intersection of labor force attachment and economic inequality. Using a wealth-based definition of middle-class status, changes in wealth inequality among the working and managerial class are examined. Results indicate that Black and Latinx young adults are...

What does it mean to be working class in a society of extreme racial wealth inequality? Using data from the Survey of Consumer Finances, we investigate the wealth holdings of Black, Latinx, and white working-class households during the post–Great Recession (pre–COVID-19) period that spanned 2010 to 2019. We then explore the relationship between wor...

Despite a large literature on household finances and relationship quality, little is known about the degree of couple-level agreement on finances and its association with relationship outcomes. This study examines the relationship between financial concordance on household-level consumer debt and relationship quality, and the strength of the associ...

A convention, particularly in economics and sociology, for empirical identification of the “middle class” has been to mark off a segment of the population above a lower bound with respect to income, occupational status, and/or educational attainment. Instead, we argue here that wealth constitutes a superior standard for demarcation of the middle cl...

In this study, we compared young adults from the NLSY 1979 and the NLSY 1997 to examine how the relationship between student debt and the likelihood of marrying changed across cohorts, in light of the growing acceptance of non-marital cohabitation. In the 1997 cohort, student loan debt among college-attending young adults was associated with delays...

The United States has a surprisingly high rate of unintended fertility, particularly among women of color. Although studies have examined socioeconomic correlates of unintended fertility, the role of economic resources remains unclear. Wealth may provide an important context for whether a birth was intended or unintended. Moreover, staggering racia...

Extensive research has found that marriage provides health benefits to individuals, particularly in the U.S. The rise of cohabitation, however, raises questions about whether simply being in an intimate co-residential partnership conveys the same health benefits as marriage. Here, we use OLS regression to compare differences between partnered and u...

A nascent literature recognizes that student loan debt is racialized and disproportionately affects youth of color, especially black youth. In this study, the authors expand on this research and ask whether black-white disparities in student debt persist, decline, or increase across the early adult life course, examine possible mechanisms for chang...

Extensive research has found that marriage provides health benefits to individuals. The rise of cohabitation, however, raises questions about whether simply being in an intimate co-residential partnership conveys the same health benefits as marriage. Here we use OLS regression to compare differences between cohabitation and marriage with respect to...

Extensive research has found that marriage provides health benefits to individuals. The rise of cohabitation, however, raises questions about whether simply being in an intimate co-residential partnership conveys the same health benefits as marriage. Here we use OLS regression to compare differences between cohabitation and marriage with respect to...

Despite increasing rates of pre-marital cohabitation, the majority of research on household financial practices in the United States has focused on married couples. This study explored ways young adult cohabiters (N = 691) financially combined their lives and the associations with subsequent relationship outcomes. Results indicated cohabiters were...

This study examined the impact of declaring consumer bankruptcy on the physical and mental health of adult women and whether the effects differ depending on whether the filer received automatic debt discharge under Chapter 7 compared to a debt repayment plan with Chapter 13. Sample data consisted of women from the NLSY79 cohort who completed the ag...

We reexamined the association of maternal age and marital status at birth with youth high school completion using data from the Children and Young Adult sample of the 1979 National Longitudinal Survey of Youth and giving attention to multiple age categories and race and ethnic variations. Youth born to older teen mothers were no more likely to grad...

Taking out student loans to assist with the costs of postsecondary schooling in the US has become the norm in recent decades. The debt burden young adults acquire during the higher education process, however, is increasingly stratified with black young adults holding greater debt burden than whites. Using data from the NLSY 1997 cohort, we examine...

Despite evidence that first-birth timing influences women’s health, the role of marital status in shaping this association has received scant attention. Using multivariate propensity score matching, we analyze data from the National Longitudinal Survey of Youth 1979 to estimate the effect of having a first birth in adolescence (prior to age 20), yo...

Despite growing evidence that debt influences pivotal life events in early and young adulthood, the role of debt in the familial lives of young adults has received relatively little attention. Using data from the NLSY 1997 cohort (N = 6,749) and a discrete-time competing risks hazard model framework, I test whether the transition to first union is...

As nonmarital childbearing becomes a dominant pathway to family formation, understanding its long-term consequences for children's well-being is increasingly important. Analysis of linked mother-child data from the 1979 National Longitudinal Survey of Youth indicates a negative association of having been born to a never-married mother with adolesce...

This study examines the role of debt, both credit card debt and education loans, on unionformation decisions in young adulthood. Economic theory posits that given the negligible size ofcredit card debt and education loan debt held in young adulthood to an individual’s lifetimeearnings transitional timing decisions should be impacted very little if...

This study investigated the impact of union history and marital transitions on wealth inequality between older Black and White women (N = 7,026). Cohort data from the Health and Retirement Study show large and increasing Black – White differences in wealth. Marital and relationship histories are associated with the wealth accumulation process among...

This paper uses data from the 1997 cohort of National Longitudinal Study of Youth to examine racial differences in the first coresidential union experiences of young adult women in early adulthood. Young adults increasingly choose to delay marriage and opt to live with a significant other during their early adulthood years. Results from early studi...

Rapid sexual involvement may have adverse long‐term implications for relationship quality. This study examined the tempo of sexual intimacy and subsequent relationship quality in a sample of married and cohabiting men and women. Data come from the Marital and Relationship Survey, which provides information on nearly 600 low‐ to moderate‐income coup...

Despite high rates of nonmarital childbearing in the U.S., little is known about the health of women who have nonmarital births. We use data from the NLSY79 to examine differences in age 40 self-assessed health between women who had a premarital birth and those whose first birth occurred within marriage. We then differentiate women with a premarita...

This study explored the association between household financial arrangements and relationship quality using a representative sample of low-income couples with children. We detailed the banking arrangements couples utilize, assessed which factors relate to holding a joint account versus joint and separate, only separate, or no account, and analyzed...

This paper examines the factors associated with the tempo of low-income couples’ relationship progression into sexual involvement and coresidence. Data come from a recently-collected survey, the Marital and Relationship Survey (MARS) that obtained information from low- to moderate-income married and cohabiting couples. Over one-fifth of male and fe...