1. Blacks and Hispanics Hit Hardest by Recession
... 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 households is 20 times that of black households and 18 times of Hispanic households," wrote a market ... bubble for construction jobs," he said. "When construction jobs disappeared, they also were disproportionately hit" (Handley). Whites were not nearly as affected by the sta...
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- Grade Level: Undergraduate