Tweet
Downturn widens racial wealth gap
The wealth gap is said to be the widest since the government began publishing such data in 1984
The wealth gap between American whites and minorities has grown wider during the recession, according to an analysis of US Census data.
It found the median wealth of white US households in 2009 was $113,149 (£69,000), compared with $6,325 for Hispanics and $5,677 for blacks.
This left whites with about 20 times the net worth of blacks and 18 times that of Hispanics.
Those ratios compared with 7:1 for both groups back in 1995.
The study, compiled by the Pew Research Center from 2009 data, found the wealth gap was the widest it has been since the government began publishing such statistics by ethnicity in 1984, when the ratio was roughly 12:1.
The wealth gap is said to be the widest since the government began publishing such data in 1984 The wealth gap between American whites and minorities has grown wider during the recession, according to an analysis of US Census data.
It found the median wealth of white US households in 2009 was $113,149 (£69,000), compared with $6,325 for Hispanics and $5,677 for blacks.
This left whites with about 20 times the net worth of blacks and 18 times that of Hispanics.
Those ratios compared with 7:1 for both groups back in 1995.
The study, compiled by the Pew Research Center from 2009 data, found the wealth gap was the widest it has been since the government began publishing such statistics by ethnicity in 1984, when the ratio was roughly 12:1.