Wilson (1978, 1987) argues that since the 1960s, race has become a less important determinant of the life chances and outlooks of individual blacks than has sociocconomic status; moreover, he suggests that as race has declined in its significance, the black community has become more socioeconomically differentiated and polarized. Using data from the 1964 through 1984 American National Election Surveys, this article examines hypotheses derived from both Wilson's “declining significance of race” thesis and his “polarization” thesis. The results show that (1) race declined in its significance to a limited degree, but continued to be an important determinant of attitudes and outlooks; (2) blacks at all income levels continued to be more similar to other blacks with different incomes than to nonblacks with incomes similar to their own; (3) the black community did not undergo social, political, and economic polarization; and (4) socioeconomic standing did not become more important than race as a determinant of the social, political, and economic attitudes and outlooks examined.