Wealth Gap Between Minorities and White Americans Doubles After Recent Recession

A new study of U.S. census data reveals that wealth gaps between whites and minorities in the United States have grown to their widest levels since the U.S. government began tracking them a quarter-century ago. White Americans now have on average 20 times the net worth of African Americans and 18 times that of Latinos. According to the Pew Research Center, the gaps were compounded during the housing bust and the subsequent recession, and essentially wiped out much of the economic progress made by people of color over the past 20 years.