Wealth Gap Between Whites, Blacks And Hispanics Widens

Hispanics and blacks lost nearly 27 percent of net worth between 1999 and 2001
October 18, 2004, 10am PDT | Abhijeet Chavan | @legalaidtech
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A new study from the Pew Hispanic center, based on Census data, shows that White households had a median net worth of greater than $88,000 in 2002, 11 times more than Hispanics and more than 14 times that of blacks. The study attributed the differences to employment opportunities and homeownership rates. "Blacks were slowest to emerge from the economic downturn that started in 2000 and ended in late 2001."

Thanks to Kurt Paulsen

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Published on Monday, October 18, 2004 in CNN
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