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Study: Wealth Gap Grows Along Racial Lines

HeadlineOct 18, 2004

A new study by the Pew Hispanic Center has found the wealth gap between white families and African American and Latino has widened considerably. In 2002, the median net worth of white households reached $88,000 — 11 times higher than Latino families and 14 times higher than African American families. The group found that nearly one third of African American families and one quarter of Latino families were in debt. This compares to 11 percent of white families.

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