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.
