1. Blacks and Hispanics Hit Hardest by Recession
... , 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 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 reason...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate