1. Blacks and Hispanics Hit Hardest by Recession
... 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 analyst (Chung). While these reports revealed some startling figures, they also provided a few reasons for the discrepancies between blacks ... disappeared, they also were disproportionately hit" (Handley). Whites were not nearly as affected by the state of the housing market because they rely less on housing as an asset. In fact, the richest househol...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate