1. Blacks and Hispanics Hit Hardest by Recession
... States' largest minority groups and white households. In the four-year span between 2005 and 2009, the median wealth of Hispanic households fell by 66 percent, while black households' wealth declined by 53 percent. However, the wealth of white households only fell by 16 percent during that time (Eichler). In other terms, 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 Hispa...
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- Grade Level: Undergraduate