A Recession for White Americans, A Depression for Black and Latino Americans

A new study from the Pew Research Center reports staggering gaps in median wealth–a person’s accumulated assets minus her debt–between whites ($113,149), blacks ($5,677) and Latinos ($6,325). That’s a 20-to-1 white-to-black ratio of wealth and a 18-to-1 white-to-Latino ratio. Essentially, all of the economic gains made by people of color since the Civil Rights Movement… Continue reading A Recession for White Americans, A Depression for Black and Latino Americans