Wealth Gap Between Between Whites And Minorities Widest In Quarter Century

Posted by | July 26, 2011 10:19 | Filed under: Top Stories

Submitted by William

The economic meltdown has had especially negative consequences for minorities.

“What’s pushing the wealth of whites is the rebound in the stock market and corporate savings, while younger Hispanics and African-Americans who bought homes in the last decade — because that was the American dream — are seeing big declines,” said Timothy Smeeding, a University of Wisconsin-Madison professor who specializes in income inequality.

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By: William

retired military , former cop, lifelong gym rat and doting grandfather alive and living in Maine

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