NEWS FLASH

Wealth Gap Between Whites And Minorities Hits Record High | According to data analyzed by the Pew Research Center, “the median wealth of white households is 20 times that of black households and 18 times that of Hispanic households,” which is the largest gap since the government began publishing such data 25 years ago. Pew found that, from 2005 to 2009, “inflation-adjusted median wealth fell by 66% among Hispanic households and 53% among black households, compared with just 16% among white households,” and as a result, “the typical black household had just $5,677 in wealth (assets minus debts) in 2009, the typical Hispanic household had $6,325 in wealth and the typical white household had $113,149.”