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Hispanic home wealth hit hardest by the Great Recession, research shows
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Thursday, November 21, 2013
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The Great Recession had severe ramifications for many demographics throughout the country, but no group was hit by the economic downturn more noticeably than Hispanics.
According to Fox News Latino analysis of market data, Hispanics suffered the biggest hit to household wealth due to the housing crash.
Specifically, median household wealth for Latinos dropped by 58 percent from 2005 to 2011, the Pew Research Center reported. In 2005, Hispanic households had an average of $105,000 in equity in their homes. The average amount of equity fell to $50,000 by 2011.
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