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Recession hit minorities much harder than whites, report says
Orlando Sentinel ^ | July 26, 2011 | Kate Santich

Posted on 07/26/2011 6:56:28 AM PDT by ConservativeStatement

The Great Recession may have affected Americans from all walks of life, but it took a dramatically lopsided toll on the personal wealth of blacks and Hispanics, erasing many of the gains made over the past two decades, a new report shows.

The report, released early Tuesday by the nonpartisan Pew Research Center, found the median wealth of white households at the official end of the recession in 2009 was 20 times that of black households and 18 times that of Hispanic households — the biggest gap since the U.S. Census Bureau began collecting such data a quarter century ago.

(Excerpt) Read more at sun-sentinel.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: minorities; recession
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1 posted on 07/26/2011 6:56:32 AM PDT by ConservativeStatement
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To: ConservativeStatement

how could that be?

we have black president who is so intelligent and economically literate.

/s


2 posted on 07/26/2011 6:58:05 AM PDT by ken21 (liberal + rino progressive media hate palin, bachman, cain...)
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To: ConservativeStatement

Just think when the freebies go away after January, 2013. Horrible /s


3 posted on 07/26/2011 6:58:33 AM PDT by SanFranDan
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To: ConservativeStatement

Women, children, minorities, homeless and the poor hardest hit....................


4 posted on 07/26/2011 6:58:33 AM PDT by Red Badger (PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
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To: ConservativeStatement

They voted for it.


5 posted on 07/26/2011 6:58:46 AM PDT by Tax-chick (Do you know why I love reptiles? It's because they don't play guitars.)
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To: ConservativeStatement

Well then it’s clear that minorites MUST want 0bama out.


6 posted on 07/26/2011 6:59:04 AM PDT by Principled
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To: Red Badger
I know a few white people who have been told this over the years: "Since I am a professional, it has been very difficult to find a job because all the places where I applied told me I was overqualified," said Arroyo, who has a bachelor's degree in business administration. "You do not see the same treatment for Hispanics as for the [non-Hispanic] Americans. We knock at many doors, and they do not open for us."
7 posted on 07/26/2011 7:01:07 AM PDT by ConservativeStatement (Obama "acted stupidly.")
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To: ConservativeStatement

Well, they elected the Kenyan. They need to deal with it.


8 posted on 07/26/2011 7:01:44 AM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
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To: ConservativeStatement

Arroyo?.................means dry ditch.............


9 posted on 07/26/2011 7:03:39 AM PDT by Red Badger (PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
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To: ConservativeStatement
Well, it's always minorities that suffer the most, no matter what the trauma du jour may be.

And the solution, of course, is always to give them more of whitey's money.

10 posted on 07/26/2011 7:04:33 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: ConservativeStatement
If this does not prove that redistribution of wealth does not work, then what will?
The 'rich' and middle class got robbed, trillions of dollars were squandered and the poor are worse off than before.
And the left want more of this?

11 posted on 07/26/2011 7:05:09 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: ConservativeStatement

but what’s the value of those Cadillacs with those bouncy wheels?


12 posted on 07/26/2011 7:09:21 AM PDT by MNDude (so that's what they meant by Carter's second term)
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To: ConservativeStatement

Guess they will have to live with that change they helped put in the White House.


13 posted on 07/26/2011 7:09:25 AM PDT by ZULU (Crapo, Coburn and Chambliss are a herd of renegade RINOs.)
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To: ConservativeStatement

b/s article, the gas pump charges everybody the same price.
What I have observed is many who thought after electing Obama, they could do nothing and prosper. This was not true before Obama, and it still is not true.


14 posted on 07/26/2011 7:09:41 AM PDT by swamprebel ((jmho))
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To: Red Badger

Women, children, minorities, homeless and the poor hardest hit....................(By Obama’s dreams of becoming world dictator!)


15 posted on 07/26/2011 7:11:36 AM PDT by Steamburg (The contents of your wallet is the only language Politicians understand.)
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To: swamprebel

Something similar to this?

http://www.youtube.com/watch?v=P36x8rTb3jI&feature=related


16 posted on 07/26/2011 7:12:18 AM PDT by ConservativeStatement (Obama "acted stupidly.")
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To: ConservativeStatement
I just don't trust these stats, these days I am poor, but since I own my home I would be counted as rich. BS, all this stat is saying is that minorities lost most of the houses in the sub-prime. Which makes sense since most of the sub primes were to minorities, by design!
17 posted on 07/26/2011 7:13:44 AM PDT by jpsb
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To: ConservativeStatement

Hey, minority folks, out there. Quick question, “How’s that Obama Hope & Change working for you??? Please learn some some honest fact right now!!! POTUS Barack Hussein Obama has been and is your worst nightmare and enemy!!! The sooner you folks come to terms with that, the better off you will be!!! Becoming economic slaves of Obama and the Democrat Party is no way to move forward for yourselves and your children to come!!!


18 posted on 07/26/2011 7:16:36 AM PDT by JLAGRAYFOX
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To: ConservativeStatement

ahh yes, exactly! And this gut too...
http://youtu.be/vY84fF2hzhY


19 posted on 07/26/2011 7:22:45 AM PDT by swamprebel ((jmho))
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To: ConservativeStatement

ahh yes, exactly! And this guy too...
http://youtu.be/vY84fF2hzhY


20 posted on 07/26/2011 7:23:10 AM PDT by swamprebel ((jmho))
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