1. Blacks and Hispanics Hit Hardest by Recession
... revealed that black and Hispanic households were hit the hardest by the recession, causing the greatest disparity in wealth between the United States' largest minority groups and white households. In the four-year span between 2005 and 2009, the median wealth of Hispanic households fell by 66 percent, while black households' wealth declined by 53 percent. However, the wealth of white households only ... assets minus debts - greatly differed for the three ethnic groups. Black households had $5,677 in wealth on average, Hispanic households had $6,325, and white households average $113,149...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate