1. Blacks and Hispanics Hit Hardest by Recession
... 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 was declining faster for the minority groups than for whites (The Huffington Post). "The median wealth ... 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 we...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate