During the economic crisis of 2007-2009, household median wealth declined for people of all races equally.

Question

Quizplus · Accepted Answer

While household median wealth did decline for everyone during the economic crisis, it did not decline equally for people of all races. In fact, the decline in median wealth was much more severe for Black and Hispanic households compared to white households, widening existing racial wealth gaps.

During the Economic Crisis of 2007-2009, Household Median Wealth Declined