September 13, 2011; Source: Forbes | The poverty rate, which has increased for all ethnic groups but Asians, is far higher for blacks, at 27.4 percent, and for Hispanics, at 26.6 percent, than for the overall population, which is at 15.1 percent—and especially compared to whites, whose rate of poverty is now at 9.9 percent.
Hispanic household wealth fell a whopping 66 percent between 2005 and 2009, according to a separate Pew analysis.
Sign up for our free newsletter
Subscribe to the NPQ newsletter to have our top stories delivered directly to your inbox.
Declines in real median income were felt in the South, Midwest, and West, while the Northeast showed no statistically significant decline.—Ruth McCambridge