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Wednesday, July 27, 2011

Mike Klonsky's SmallTalk Blog: Pew Study: Wealth Gaps Rise to Record Highs

Mike Klonsky's SmallTalk Blog: Pew Study: Wealth Gaps Rise to Record Highs

Pew Study: Wealth Gaps Rise to Record Highs

A third of black & Latino families have no wealth

Hispanic families accounted for the largest single decline in wealth of any ethnic and racial group in the country during the recession, according to a study published Tuesday by the Pew Research Center. Moreover, about a third of black (35%) and Hispanic (31%) households had zero or