Skip to main content

Wealth in America: Whites-minorities gap is now a chasm

MSNBC - As Congress and the White House wrestle whether to raise taxes for the wealthiest Americans, a new analysis of Census data shows that the wealth gaps between whites and blacks and Hispanics widened dramatically during the recession.

The analysis by the Pew Research Center, released on Tuesday, found that from 2005 to 2009, inflation-adjusted median wealth fell 66 percent among Hispanic households and 53 percent among black households, compared with a 16 percent decline among white households.  Read more.

Comments

Popular posts from this blog

Protest Wave Engulfs Iraq, Over 100 Dead, Government Helpless?