1. Blacks and Hispanics Hit Hardest by Recession
... blacks and Hispanics and whites. The recession greatly affected industries that typically employed Hispanics, including construction and manufacturing. Also, Hispanics heavily populated parts of the country that suffered the most from the recession, like California, Nevada, and Florida (The Huffington Post). These areas received the brunt of the suffering because their house values dropped drastically (Chung). "Nearly two-thirds of Hispanic ... household wealth in 2005 was derived from owned homes," revealed one report. Naturally, the drop in the housing market affected Latinos greatly ...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate