The economy is improving, but the wealth gap between white and - TopicsExpress

The economy is improving, but the wealth gap between white and minority families is only growing wider. In 2013, the net worth of the typical white family was nearly 13 times that of the typical black family, and 10 times that of the typical Latino one. Both gaps have widened since the recession ended . . .Black and Hispanic families were also hit harder by the recession. Their incomes took a bigger hit, they were more likely to lose their homes to foreclosure and they were disproportionately affected by job cuts in the public sector. The unemployment rate peaked at 9.2 percent for whites during the recession versus 16.9 percent for blacks and 12.9 percent for Hispanics.

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