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Great Recession erased nearly 40% of family wealth

The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s.

Wealth gap widens between whites, minorities

The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession has erased decades of minority gains, leaving whites with 20 times the net worth of blacks and 18 times that of Hispanics.

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