---
title: "Meaning & Key Takeaway of: Between 2007 and 2010, the average white…"
description: "\"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 averag..."
image: "https://sms4smile.com/quotes/i/1de/matthew-desmond-1529_average_between-2007-and-2010-the-average-white_1838292.jpg"
---

#  Between 2007 and 2010, the average white family…

![“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](https://sms4smile.com/quotes/i/1de/matthew-desmond-1529_average_between-2007-and-2010-the-average-white_1838292.jpg)   [Download](https://sms4smile.com/quotes/i/1de/matthew-desmond-1529_average_between-2007-and-2010-the-average-white_1838292.jpg) [Open image](https://sms4smile.com/quotes/i/1de/matthew-desmond-1529_average_between-2007-and-2010-the-average-white_1838292.jpg)

> “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](https://sms4smile.com/quotes/author/matthew-desmond/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

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.

★ ★ ★ ★ ★   No ratings yet

[Average](https://sms4smile.com/quotes/about/average/) [Average Hispanic](https://sms4smile.com/quotes/about/average-hispanic-2329103/) [Average White](https://sms4smile.com/quotes/about/average-white-982781/) [Black](https://sms4smile.com/quotes/about/black/) [Black family](https://sms4smile.com/quotes/about/black-family/) [Family](https://sms4smile.com/quotes/about/family/) [Lost](https://sms4smile.com/quotes/about/lost/) [Reduction Wealth](https://sms4smile.com/quotes/about/reduction-wealth-2329102/) [Wealth](https://sms4smile.com/quotes/about/wealth/) [Wealth Average](https://sms4smile.com/quotes/about/wealth-average-2329101/)

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