Economists: Recession Hit Black Households Especially Hard

Economists: Recession Hit Black Households Especially Hard

When the economy went down the tubes, times got particularly tough for black households, whose median net worth dove 83 percent from $13,450 in 2004 to $2,170 in 2009, according to the Economic Policy Institute. In comparison, the median net worth in white households dropped 24 percent, from $134,280 to $97,860, in that span. [More]