1. Blacks and Hispanics Hit Hardest by Recession
... 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 because they rely less ... on housing as an asset. In fact, the richest households garner much of their wealth from stock, while middle and lower ...
- Word Count: 551
- Approx Pages: 2
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- Grade Level: Undergraduate