Study Funds Latino Families Hit Hardest in Recent Recession

The recent recession hit American Latino families especially hard—the Pew Research Center found the median household wealth of Latino families fell more than that of any other group, decreasing 66% between 2005 and 2009, from $18,359 to $6,325. Compounding those losses was a hard hit to industries employing many Latinos, such as construction, hospitality, and domestic services. It left the unemployment rate among Latinos 2% higher than it is for everyone else. Many Latino families are still struggling to regain what they’ve lost.

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