Poverty Way Up And Hispanics Hit The Hardest
July 26th, 2011 7:06 pm Matt Taylor
The gains of the 1990s — where Bill Clinton’s economic policies led to large reductions in poverty — have apparently been erased by the recession, and Hispanics are taking the biggest hit; if only the Republicans weren’t so anathema to Latinos, they might have made big gains this year in the face of economic turmoil associated with Barack Obama:
The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.
