The Great Recession decimated the wealth of many Americans, but the downturn hit black and Hispanic families especially hard, a new study finds, widening the already large gap in wealth between white and minority households.
The average white family was six times wealthier in 2010 than the average black or Hispanic family, according to a study from the Urban Institute, a nonpartisan public policy research organization. That’s up from 1983, when the average white family was five-times as wealthy as the average black or Hispanic family.
The average white family was six times wealthier in 2010 than the average black or Hispanic family, according to a study from the Urban Institute, a nonpartisan public policy research organization. That’s up from 1983, when the average white family was five-times as wealthy as the average black or Hispanic family.