1. Blacks and Hispanics Hit Hardest by Recession
... 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 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 ... Hispanic household wealth in 2005 was derived from owned homes," revealed one report. Naturally, the drop in the housing market affected Latinos greatly (Costa)...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate