economists Robert B. Pearl and Matilda Frankel to show where the two groups had their assets in 1979. Home ownership absorbed 46 percent of blacks' wealth but only a third of whitesJ-blacks had little money remaining for other "nones- sential" investments. Another 21 percent of black and 15 percent of white assets were in rental housing. Household goods and vehicles ac- counted for 24 percent of black wealth; four percent of blacks' money and 13 percent of whites' was invested in small...