1. Blacks and Hispanics Hit Hardest by Recession
... 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 groups than for whites (The Huffington Post). "The median wealth of white households is 20 times that of ... these reports revealed some startling figures, they also provided a few reasons for the discrepancies between blacks and Hispanics and whit...
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- Grade Level: Undergraduate