Wealth gap widens between whites and minorities The median wealth of white U.S. households in 2009 was

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Wealth gap widens between whites and minorities The median wealth of white U.S. households in 2009 was $113,149, compared with $6,325 for Hispanics and $5,677 for blacks. Those ratios, roughly 20 to 1 for blacks and 18 to 1 for Hispanics, far exceed the low mark of 7 to 1 for both groups reached in 1995, when economic growth lifted many lowincome groups to the middle class.

Associated Press, July 26, 2011 What does the data in the news clip tell us about the wealth Lorenz curve?

During the period 1995 to 2009, describe how the distribution of wealth changed.

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Foundations Of Microeconomics

ISBN: 9780132830881

6th Edition

Authors: Robin Bade, Michael Parkin

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