The worst economic downturn since the Great Depression produced dramatically disparate racial consequences. White families experienced a 6.7 percent decline in average net worth, while Black families lost more than a quarter of their wealth, and Latino families lost a staggering 41.3% of their wealth in the Great Recession.
The worst economic downturn since the Great Depression produced dramatically disparate racial consequences. White families experienced a 6.7 percent decline in average net worth, while Black families lost more than a quarter of their wealth, and Latino families lost a staggering 41.3% of their wealth in the Great Recession.