1. Blacks and Hispanics Hit Hardest by Recession
... $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 households is 20 times that of black households and 18 times of Hispanic households," wrote ... in 2005 was derived from owned homes," revealed one report. Naturally, the drop in the housing market affected Latinos greatly (Costa). Rakesh Kochhar, Associate Director f...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate