1. Blacks and Hispanics Hit Hardest by Recession
... on average, Hispanic households had $6,325, and white households average $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 ... areas received the brunt of the suffering because their house values dropped drastically (Chung). "Nearly two-thirds of Hispanic household wealth in 2005 was derived from owned homes," revealed one report. N...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate