During the economic collapse of 2005-09, the median wealth of Hispanics fell 66%, of blacks 53%, and whites 16%.
The Race Gap Becomes a Chasm
Ted Rall
Ted Rall is a syndicated political cartoonist for Andrews McMeel Syndication, WhoWhatWhy.org and Counterpoint. He is a frequent contributor to The Wall Street Journal, a graphic novelist and author of many books of art and prose, and an occasional war correspondent. He is, recently, the author of the graphic novel "The Stringer."
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I guess we know who the first people fired were.
fascinating statistic.
Although the easiest way to explain this statistic, is that the ratio is probably pretty similar to % of the poor, otherwise known as the people who get laid off.