Wealth gap for minorities in the U.S. has continued to widen post-recession

The gap between the rich and the poor in the U.S. has been widening — and for minorities, it is a chasm.

The difference between what minority Americans earn and hold in wealth compared to white Americans has been broadening since 1986 and has increased significantly since the onset of the Great Recession, according to a study conducted by researchers at New York University and distributed Monday by the National Bureau of Economic Research.

Many financial gains by minorities in the preceding decades were wiped out during the Great Recession, the study found. And while whites experienced economic recovery between 2010 and 2016, financial indicators for black and Hispanic consumers remained largely unchanged.

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