Study: Wealth gap widened for blacks, Hispanics
Monday, October 18, 2004 Posted: 10:19 AM EDT (1419 GMT)
WASHINGTON (AP) -- The enormous wealth gap between white families and blacks and Hispanics grew larger after the most recent recession, a private analysis of government data finds.
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 Pew Hispanic Center said in a study being released Monday.
Blacks were slowest to emerge from the economic downturn that started in 2000 and ended in late 2001, the report found.
http://www.cnn.com/2004/US/10/18/minorities.wealth.ap/index.html