Friday, August 5, 2011

A Debt Deal Won't Help Close Wealth Gap

Julianne Malveaux, USA Today
The flagging economy has widened this gap. Blacks and Hispanics are more likely to be unemployed and experience long periods of joblessness. Blacks and Hispanics are also more likely to have much of their wealth concentrated in their homes, which made them very vulnerable to the housing downturn. While whites had significant wealth in their homes, their assets are more diversified, giving them greater protection from declining housing values. While the wealth gap made news, the real news is that the gap is likely to widen. The debt-ceiling deal that Rep. Emanuel Cleaver, D-Mo.,...


Blackburn, Marsha Blumenauer, Earl Blunt, Roy Boccieri, John A. Boehner, John A.

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