1. Blacks and Hispanics Hit Hardest by Recession
... and Hispanic households were hit the hardest by the recession, causing the greatest disparity in wealth between the United States' largest minority groups and white households. In the four-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 ... 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 tim...
- Word Count: 551
- Approx Pages: 2
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- Grade Level: Undergraduate