1. Blacks and Hispanics Hit Hardest by Recession
... 2005 was derived from owned homes," revealed one report. Naturally, the drop in the housing market affected Latinos greatly (Costa). Rakesh Kochhar, Associate Director for Research at the Pew Hispanic Center, agreed, "Hispanics are more affected by the downturn because they were more exposed to the bubble simply because of the geography, partly because they actually followed the housing bubble for construction jobs," he said. "When construction jobs disappeared, they also ... were disproportionately hit" (Handley). Whites were not nearly as affected by the state of the housing market be...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate