http://www.nytimes.com/2013/04/29/business/racial-wealth-gap-widened-during-recession.html?hp&_r=0
Because of the recession, millions of Americans have felt the negative affects. However, this article states that for black and hispanic families, the affects have been much worse. Prior to the recession there was already a substancial wealth gap between these minority groups and whites. Since the recession it has only gotten worse. Also, the gap is projected to increase with the recent stock market rebound and the dynamics of the housing market. As of now the average wealth for white families is $632,000 while it is only $98,000 for black families and $110,000 for Hispanic families. Hopefully this situation gets better before it gets any worse.
This is a very interesting article John. It is fascinating to look at the wealth of families between different races. I find it interesting that this is similar gap between the rich and the poor. The income gap between the wealthy and the poor is only increasing year after year. The middle class is decreasing in size brining people to different sides of the spectrum.
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