Tuesday, July 26, 2011

Racial Inequality Increases

The median wealth of Hispanic households dropped by 66% between 2005 and 2009, compared to 16 percent for white households,  according to this morning's New York Times.

The page one story, using information from a Pew Foundation study, also reported that median wealth of blacks fell by 53 percent and that of  Asians fell by 54 percent.

"Median wealth of whites in now 20 times that of black households and 18 times that of Hispanic households..." the story by reporter Saabrina Tavernise stated.