1. Blacks and Hispanics Hit Hardest by Recession
... greatly differed for the three ethnic groups. Black households had $5,677 in wealth 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 ... 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 pr...
- Word Count: 551
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- Grade Level: Undergraduate