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Families of Color in Crisis: Bearing the Weight of the Financial Market Meltdown - I. Economic Devastation of Families of Color by the Financial Market Crisis
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I. Economic Devastation of Families of Color by the Financial Market Crisis
The mortgage crisis of 2008 had and continues to have a disproportionately harsh impact on minority families and homeowners. Two of the ways in which minority families have suffered the most in light of the crisis include 1) a significant drop in median wealth and 2) a disproportionate rate of mortgage foreclosures based in part on targeted predatory lending.
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Vernellia R. Randall
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