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To: Nepeta

There is a HH panel survey, called the Survey of Consumer Finances (SCF), conducted by the Fed every three years.

The SCF shows a larger % decline in net worth among minorities than among white HHs, but not to the extent showed by this Pew study, which was based on the Census Bureau’s SIPP.

Also, this research was based on the most recent SIPP, which was conducted in 2009. There has been a lot of economic turbulence since then, so I doubt that this research reflects the current state very well.


7 posted on 07/28/2011 3:38:43 AM PDT by oblomov
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To: oblomov

Do you think the current situation is even worse (or perhaps improved)?

This doesn’t reflect just people who have actually lost their homes, but the decline in value of the homes themselves even for people who have kept them (since a house is the biggest asset most people - of any ethnicity - own). So I suppose it’s probably even worse.


8 posted on 07/28/2011 3:43:59 AM PDT by livius
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To: oblomov; livius

For about a decade the Left has been transitioning their human rights/social justice platform from “race” to the broader one of economics (the one they’ve been creating) ie “the poor.”


11 posted on 07/28/2011 4:21:28 AM PDT by Cincinatus' Wife
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