1. Blacks and Hispanics Hit Hardest by Recession
... 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 (Eichler). In other terms, median wealth - assets minus debts - greatly differed for the ... the housing market affected Latinos greatly (Costa). Rakesh Kochhar, Associate Director for Research at the Pew Hispanic Center, agreed, "Hispanics are more affected by the downturn because they...
- Word Count: 551
- Approx Pages: 2
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- Grade Level: Undergraduate