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“Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth. The average Hispanic family lost 44.7%.” quote by Matthew Desmond
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“Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth. The average Hispanic family lost 44.7%.”

Matthew Desmond

About This Quote

Source Book: Evicted, 2016

Economic policies and systemic racism caused disproportionate wealth loss for minority families between 2007‑2010.

In simple terms: Minority families lost more wealth than white families.

Key Takeaway

Address structural inequality.

Themes

economics inequality race

Mood

concerned urgent

Type

analytical informative

When to use this quote

  • housing market crash
  • policy reform
  • financial planning
  • community support

Key Concepts

systemic racism wealth disparity policy impact

Questions to Reflect On

  • How can policy reduce racial wealth gaps?
  • What personal actions can mitigate wealth loss?
A Different Perspective

Data may not capture all factors like regional differences.

4.6 out of 5 (7 ratings)

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