Guess Which of the Four Major Sports Is Recession Proof? from CNBC.com
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02-27-2013, 12:56 AM
Join Date: Mar 2011
Originally Posted by
So, some people who belonged to the middle class were selectively effected due to their skin not being white?
As a matter of fact... yes. It may not be fair, but it's the truth.
NEW YORK (CNNMoney) -- White Americans have 22 times more wealth than blacks -- a gap that nearly doubled during the Great Recession.
The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.
The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between white and Hispanic wealth expanded to 15 to 1.
The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.
A quickie Google search turns up a ton of hits.
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