Census data show ratio is 20 to 1 between whites, blacks
(NEWSER) - Thanks to the recession, the wealth gap between whites and minorities is at its widest level in 25 years. Census data show that the median wealth of white US households was $113,149 in 2009: That's 20 times that of black households ($5,677) and 18 times that of Hispanic households ($6,325), the AP reports. One big reason: Predominantly younger minorities likely lost value in their main asset, their home, when the housing market crashed. Older white people, on the other hand, are more likely to have holdings in the stock market, which started rebounding in mid-2009. More»
