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INSTITUTE INDEX: The apartheid of wealth

Cross-posted from the Institute for Southern Studies.

Percent by which the net worth of white U.S. households fell from 2005 to 2009: 16

Of black households: 53

Of Hispanic households: 66

Number of times by which the median wealth of white households now surpasses that of Hispanic households: 18

Of black households: 20

Amount of wealth held by the typical white household in 2009: $113,149

The typical Hispanic household: $6,325

The typical black household: $5,677

Percent of white, Hispanic and black households respectively that had zero or negative net worth in 2005: 11, 23, 29


In 2009: 15, 31, 35

Rank of plummeting home values among the principal causes of the recent erosion in household wealth among all three groups: 1

Percent by which the median level of home equity held by white homeowners fell between 2005 and 2009: 17.6

By Hispanic homeowners: 50.8

By black homeowners: 23.3

Median level of home equity held by white, Hispanic and black homeowners respectively in 2009: $95,000, $49,145, $59,000

Percent of white households that had no assets other than a vehicle in 2009: 6

Of black and Hispanic households: 24

(All figures from "Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics," by Rakesh Kochhar, Richard Fry and Paul Taylor, Pew Research Center, July 26, 2011.)