Blacks Bear Brunt of Great Recession Wealth Losses

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WASHINGTON – The Great Recession has had its greatest impact on African Americans, who saw their net wealth decrease at a rate more than four times faster than Whites, according to a recent report by United for a Fair Economy, a Boston-based research group that advocates for economic equality, Black families are losing ground. The […]

Recession, Tech Kill Middle-Class Jobs

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NEW YORK  — Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over. And the situation is even worse than it appears. Most of the jobs will never return, and millions more are likely to vanish as well, […]