1. Blacks and Hispanics Hit Hardest by Recession
... Progress. At the same time, median family income was declining faster for the minority groups than for whites (The Huffington Post). "The median wealth of white households is 20 times that of black households and 18 times of Hispanic households," wrote a market analyst (Chung). While these reports revealed some startling figures, they also provided a few reasons for the discrepancies between ... 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 ...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate