The Racial Divide: Net Worth and Debt
by United for a Fair Economy on Dec 6, 2013 | Views: 307 | Score: 4
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faireconomy.org
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by United for a Fair Economy on Dec 6, 2013 | Views: 307 | Score: 4
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White families have higher debt levels than Black or Latino families; however, White families have far more assets against which their debt is borrowed. Higher debt levels also reflect the ability to access credit when needed, which is one of the advantages enjoyed by those with greater wealth.