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 the same time, median family income was declining faster for the minority ... ," revealed one report. Naturally, the drop in the housing market affected Latinos greatly (Costa). Rakesh Kochhar, Associate Director for Research at the Pew Hispanic Center, agre...
- Word Count: 551
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate