Average Quote by Matthew Desmond
“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%.”
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.
Address structural inequality.
Themes
Mood
Type
When to use this quote
- housing market crash
- policy reform
- financial planning
- community support
Key Concepts
Questions to Reflect On
- How can policy reduce racial wealth gaps?
- What personal actions can mitigate wealth loss?
Data may not capture all factors like regional differences.