Wealth gap widens between whites, minorities

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Wealth gap widens between whites, minorities
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By HOPE YEN - Associated Press | AP – 25 mins ago

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WASHINGTON (AP) — The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

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The findings are startling & do not speak well for this country that claims to be a place where equality reigns.

among the things that struck me when I read this was:

"Typically in recessions, minorities suffer from being last hired and first fired. They are likely to lose jobs more rapidly at the beginning of the recession, and are far slower to gain jobs as the economy recovers," said Harrison, who is now a sociologist at Howard University. "One suspects that blacks who lost jobs in the recession, or who have tried to help family members or relatives who did, have now spent whatever savings or other cashable assets they had."

I wish there had been something speaking on minorities that hold a college degree or some kind of certification vs. whites w/ no degree, certification b/c a friend of mine (black woman) was telling me that at her job, it was obvious that minorities were targeted for being let go even those who had a degree or more experience were being let go in favor of their white peers who did not have the degree.
 
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