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Hispanic Families' Wealth Has Fallen the Farthest

By August 12, 2011

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A new study by the Pew Research Center shows that Hispanic families saw the largest decline in wealth over any other racial or ethnic group in the United States between 2005 to 2009. During this time period, Hispanics' wealth fell by 66%, mainly due to the implosion of the housing market, where Hispanics invested much of their wealth. In fact, over the past 20 years, Hispanics went from sitting between whites and blacks in the socioeconomic hierarchy to sitting below both whites and blacks. It is argued that the reason for this decline in socioeconomic welfare is due to the nation's immigration and border control policies, which have cut off Hispanics from traditional legal and economic structures and leaving them the most vulnerable to the decline of the market system. For more information on the topic, read this article written by sociologist Douglas S. Massey published in the New York Times.

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