Sunday, July 31, 2011

Black/Hispanic vs. Wealth Gap Takes Huge Jump

The Pew Research Center has publish a report that show the asset ratio between Whites as compared to Blacks and Hispanics has has jumped from 7:1 in 1995 to 20:1 in 2010. An increase of nearly 300%. The primary reason is the increase in Black unemployment and the number of sub-prime foreclosures.

The summary is here and the full study is here.

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