Hispanics Lost Two-Thirds Of Household Wealth In Recession: Study
►http://www.huffingtonpost.com/2011/07/26/hispanics-recession-blacks-wealth_n_909609.html
Wealth disparities between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from the Pew Research Center has found.
The report, released Tuesday, shows that median wealth declined by 66 percent among Hispanic households between 2005 and 2009. For black households during the same time period, median wealth fell by 53 percent, while white households experienced a decline of only 16 percent.
The changes in median wealth over the four-year period measured mean that as of 2009, the average black household had only $5,677 in wealth — that is, assets minus debts — and the average Hispanic household had only $6,325. The average white household had $113,149 in wealth — 18 times that of Hispanic households, and 20 times that of black households.
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