1. Blacks and Hispanics Hit Hardest by Recession
... 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 class families gain their wealth from housing. In a recent speech ... , Obama acknowledged the discrepancies between minority groups and vowed to reinstate pre-recession standings. "The hundreds of thousands of construction workers - many of them Latino - who lo...
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