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A Decade of Aftershocks: November 2018

The Great Recession and the Destruction of Minority Wealth

By: Douglas S. Massey and Jacob S. Rugh

Description: “In the course of the Great Recession, already fragile black and Hispanic middle-class households lost huge amounts of wealth, which had often been painstakingly accumulated over many decades.” Third in a series on social mobility around the world.

Volume: 117
Issue: 802
Page: 298

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