Recession for Some, Full-Blown Depression for Others

It’s no big secret that the economy sucks.  But what’s often lacking from the discussion/incessant complaining is that the recession is not just some uniformly-bankrupt blanket tossed over the country.  As this article from Ms. Magazine’s blog points out, there are huge discrepancies in how the recession is effecting people among racial lines.  Surprise, surprise: being a minority still puts you at an economic disadvantage.  White people lost approximately 16% of their wealth from 2005-2009, which is no pocket change.  But when compared with blacks who lost half of their wealth, and Hispanics who lost nearly 2/3, one cannot ignore the staggering difference.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s