From 2005 to 2009, the average black household's wealth fell by more than half, to $5,677, while white household wealth fell 16 percent to $113,149, according to the Pew Research Center. In 2009, 24 percent of black households had no major assets other than a vehicle, compared with 6 percent of their white counterparts.
The shrinking black middle class
Current Status: Published (4)
Seeded on Tue Oct 9, 2012 3:42 AM

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