---
title: "Wealth Gaps and Perception Gaps: A Paradox of the Great Recession"
description: "When the real estate market melted down, those hit hardest by the sharp drop in household wealth were blacks and Hispanics. But even while their wealth was being decimated, the political reaction among the nation's minorities has been surprisingly muted."
date: "2011-07-29"
authors:
  - name: "Tom Rosentiel"
    job_title: "Guest Contributor"
url: "https://www.pewresearch.org/social-trends/2011/07/29/wealth-gaps-and-perception-gaps-a-paradox-of-the-great-recession/"
categories:
  - "Economic Conditions"
  - "Economic Inequality"
  - "Personal Finances"
  - "Race & Ethnicity"
  - "Wealth"
---

# Wealth Gaps and Perception Gaps: A Paradox of the Great Recession

by Paul Taylor, Executive Vice President, Pew Research Center Special to the *Washington Post*

Even as the [wealth gaps between whites, blacks and Hispanics](../../pubs/2069/housing-bubble-subprime-mortgages-hispanics-blacks-household-wealth-disparity) were rising to record levels during the Great Recession, America's largest minority groups were moving ahead of whites in their ratings of the national economy, according to Pew Research surveys.

In this [commentary in the *Washington Post*](http://www.washingtonpost.com/opinions/hard-hit-in-recession-blacks-still-hopeful/2011/07/27/gIQA5e8sfI_story.html), Pew Research Center Executive Vice President Paul Taylor explores the discrepancies between what happened to the wealth of different groups during the Great Recession and how these groups changed their assessments of the national economy during the same time period.

![](https://assets.pewresearch.org/wp-content/uploads/sites/12/old-assets/publications/2076-1.png)