05/03/2013 03:19 pm ET

Latinos Hit Hardest During The Recession

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While blacks and Latinos lost wealth and retirement assets during the recession, whites actually saw an increase in these assets, according to a report form The Urban Institute called, “Less Than Equal: Racial Disparities in Wealth Accumulation.”

Latinos were the hardest hit when it comes to wealth, according to the report.

The report notes that, although income is a component of wealth, the concept of wealth extends beyond income and into things like assets, such as savings or a home, for example.

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