1. Blacks and Hispanics Hit Hardest by Recession
... 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 fell by 16 percent during that time (Eichler). In other terms, median wealth - assets minus debts - greatly differed for the three ethnic groups. Black households had $5,677 ... 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 t...
- Word Count: 551
- Approx Pages: 2
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- Grade Level: Undergraduate