Racial and Community Wealth Disparity the Bane of HBCUs - A Wealth Ecology Model Relational Perspective

Abstract

Racial wealth disparities in the U.S. continues to persist despite community, state and federal governments programs to arrest the slide. Contemporary community wealth creation approaches using anchor institutions concepts to bridge the gap assume the wealth improvement duality of the community and the anchor institution coming together with external agents of support. For an HBCU (Historical Black Colleges and Universities) as anchor institution, the improvement duality assumption links its fortunes with that of its community served. The study performs a regression analysis to determine the degree of the relationship and its direction. Measured African American family wealth status using the SCF data on median US household wealth and HBCU school choice by annual enrollment numbers from NCES digest of educational statistics, the analysis yields significant positive effects of student wealth status on HBCU school choice.