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Wealth gap between Whites, Hispanics, Blacks is wider than ever

Elizabeth Aguilera, SAN DIEGO UNION-TRIBUNE

Wednesday, July 27, 2011

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“Minority populations tend to be much younger and have more children, which is another reason for the wealth disparity,” said Kelly Cunningham, economist and senior fellow at the National University System Institute for Policy Research. “Older populations accumulate more wealth and are more invested in stocks and other financial instruments, and have less household, auto and credit card debt. Their wealth is not ‘diluted’ by the costs of children.”