1. Inequality

    Wealth Gap Widens Between Whites, Minorities

    Job seekers stand in line at a job fair in Southfield, Mich., Wednesday, June 15, 2011. Michigan says the state's unemployment rate crept up to 10.3 percent in May, pushed higher by the loss of 8,000 government jobs and 3,000 in education and health services. The seasonally adjusted figures released Wednesday by the Department of Technology, Management and Budget show an increase of 0.1 percentage points since April. The national rate also rose, to 9.1 percent. (AP Photo/Paul Sancya)

    Paul Sancya / AP Photo

    Has the latest recession erased 25 years of progress? The wealth gap between whites and minorities is the widest it’s been in a quarter-century, with white households having 20 times the net worth of Hispanic and black households. ($113,149 for whites in 2009 versus $6,325 for Hispanics and $5,677 for blacks.) In 1995, the wealth ratio was 7 to 1, whites to minority. Hispanics were hardest hit by the recession: Between 2005 and 2009, median wealth fell more than percent from to just over $6,000. The discrepancy is explained, in part, by the fact that many whites derive their wealth from stocks and corporate savings, while minority families are mostly invested in their homes.

    Read it at Associated Press