1. Blacks and Hispanics Hit Hardest by Recession
... , median wealth - assets minus debts - 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 ... . Also, Hispanics heavily populated parts of the country that suffered the most from the recession, like California, Nevada, and Florida (The Huffington Post). These areas received t...
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- Grade Level: Undergraduate