Wealth gap between whites and minorities increases
The wealth gap between whites and minorities in the United States has ballooned to its largest ratios in decades, according to a new study by the Pew Research Center. Hispanics were the hardest hit in the recession, seeing their median wealth shrink 66 percent between 2005 and 2009, while white Americans only saw a dip of 16 percent. Sabrina Tavernise, a reporter for our partner The New York Times, wrote about the study in today’s paper. Carlos Saenz is among those Hispanic-Americans impacted by the recession. When he first spoke to The Takeaway in 2009, Saenz, a construction worker in Orlando, had been unemployed for two years.
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