In the U.S., the racial and ethnic wealth gap has evolved differently for families at different income levels since the Great Recession.
Pew Research Center President Michael Dimock examines the changes – some profound, some subtle – that the U.S. experienced during Barack Obama’s presidency.
Hispanics have become more upbeat about their personal finances and their financial future since the Great Recession, with 81% saying that they expect their family's financial situation to improve in the next year.
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
A majority of Latinos (54%) believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.
Hispanics have the highest poverty rate of the nation's largest racial and ethnic groups under an alternative Census Bureau calculation known as the Supplemental Poverty Measure. The alternative measure is intended to better reflect the costs of basic living expenses as well as the resources people have to pay them.
Latinos, especially the foreign-born, are feeling the sting of the economic downturn and, in some respects, even more so than the general population.
