1. Blacks and Hispanics Hit Hardest by Recession
... , median wealth - assets minus debts - greatly differed for the three ethnic groups. Black households had $5,677 in wealth on average, Hispanic households had $6,325, and white households average $113,149 in wealth. Furthermore, unemployment rates for blacks and Hispanics rose at a faster pace than for whites, according to a study by the Center for American Progress. At the same time, median family income ... of the country that suffered the most from the recession, like California, Nevada, and Florida (The Huffington Post). These areas received the brunt of the suffering because their h...
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- Grade Level: Undergraduate