1. Blacks and Hispanics Hit Hardest by Recession
... and Hispanic households were hit the hardest by the recession, causing the greatest disparity in wealth between 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 ... ). Rakesh Kochhar, Associate Director for Research at the Pew Hispanic Center, agreed, "Hispanics are more affected by the downturn because they were more exposed to the bubble simply because of the geography, partly because they actually followed the housing bubbl...
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- Approx Pages: 2
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- Grade Level: Undergraduate