NEWS FLASH

Household Income For African-Americans Dropped 11 Percent Since End Of Recession | American household income has declined since the end of the Great Recession even as corporate profits have rebounded past their pre-recession levels, and the declines for African-Americans has been particularly steep. Overall household income dropped 7.2 percent, according to a study from Sentier Research, but for black households, the decline was 11.1 percent. That adds to the pain of the recession for blacks, who were disproportionately affected by the housing crisis and have dealt with persistently high unemployment. Other races, all of which started with higher household incomes than blacks, lost substantially less income than blacks, as this chart from the New York Times illustrates: