An analysis of US census data by the Pew Hispanic Center revealed that the 2001 economic downturn deepened a legacy of economic discrimination, with Hispanics and African-Americans harder hit and taking longer to recover.
By 2002, that produced a further deterioration of the economic divide, where minorities own only a fraction of the wealth enjoyed by whites. The median net worth of white households was $88,651, or 11 times greater than Hispanic families ($7,932) and 14 times greater than African-American families ($5,988.)
"We have always known about the wealth gap, but what is new and disturbing is that the gaps are increasing," said Roderick Harrison, a demographer at the Joint Center for Political and Economic Studies. "What you are seeing here are the historic disadvantages of black and Hispanic populations from generations ago being carried over."
No comments:
Post a Comment