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Tag Archives: debt ceiling
A Recession for White Americans, A Depression for Black and Latino Americans
A new study from the Pew Research Center reports staggering gaps in median wealth–a person’s accumulated assets minus her debt–between whites ($113,149), blacks ($5,677) and Latinos ($6,325). That’s a 20-to-1 white-to-black ratio of wealth and a 18-to-1 white-to-Latino ratio. Essentially, … Continue reading
