Report: Vast Majority of African American and Latino Middle-Class Families Are on Shaky Financial Ground

by via Democracy Now

Wed, Jul 30, 2008 8:13AM

Wednesday, July 30, 2008 :A landmark study developed by Demos and Brandeis University finds that three-out-of-four African American and four-out-of-five Latino middle-class families are on shaky financial ground. This marks the first comprehensive report to examine economic stability of households of color in this country.

The report measures financial security by rating assets, educational achievements, healthcare costs, budgets, and housing costs.

Jennifer Wheary, Senior Fellow at Demos and one of the co-authors of the report, ‘Economic (In)Security: The Experience of the African American and Latino Middle Classes’ (PDF)

Kai Wright, freelance journalist. His latest article for The Nation is called “Subprime Swindle.” It traces the impact of the mortgage crisis on the black middle class.

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For more information: http://www.democracynow.org/2008/7/30/repo...

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