• Recession Has Been Toughest On Black Middle Class

    Comments:  | Leave A Comment

    1279738819073

    FROM AOLNews.com:

    Middle-class black Americans dipped into their retirement accounts to stay afloat during the recession at a higher rate than their white counterparts did, broadening the “retirement gap” between whites and African-Americans, according to a new study.

    Nearly half of all blacks making at least $50,000 a year dipped into savings and retirement accounts over the past two years, compared with 31 percent of whites, according to the 2010 Black Investor Survey commissioned by Ariel Investments.

    Click here to read more

    Click here to view photos:

    RELATED:

    The Recession’s Long-Term Impact On Black Kids

    Recessions Forces Rappers To Cut Back On Bling

    Join the Conversation! Share and Discuss!

    Tags: » » »

    • More Related Content

    Comments

    blog comments powered by Disqus
    Follow

    Get every new post delivered to your Inbox.

    Join 352 other followers