1. Blacks and Hispanics Hit Hardest by Recession
... had $6,325, and white households average $113,149 in wealth. Furthermore, unemployment rates for blacks and Hispanics rose at a faster pace than for whites, according to a study by the Center for American 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 ... 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...
- Word Count: 551
- Approx Pages: 2
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- Grade Level: Undergraduate