Hispanic Household Wealth Fell by 66% from 2005 to 2009
The report also finds that the median wealth of white households is 18 times that of Hispanic households and 20 times that of black households. These lopsided wealth ratios are the largest in the quarter century since the government first published such data, and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession.
These findings are based on a Pew Research Center analysis of newly-available data from the Survey of Income and Program Participation (SIPP), an economic questionnaire distributed periodically to tens of thousands of households by the U.S. Census Bureau. It is considered the most comprehensive source of data about household wealth in the United States by race and ethnicity.
The Pew Hispanic Center and Pew Social & Demographic Trends are projects of the Pew Research Center, a nonpartisan, non-advocacy research organization based in Washington, D.C., and funded by The Pew Charitable Trusts.