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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> household wealth

Growing wealth gap between whites and minorities

Posted by RJ and Makay on Jul 28, 2011

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New census data indicates that the wealth gap between whites and minorities has grown to its widest level in 25 years.  The recession and spotty recovery has erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times the net worth of Hispanics, according to the data.