The economic downturn and long recession have hit the black middle class hard, wiping out gains made in the last 30 years, with plummets in wealth and high rates of foreclosures, the Chicago Tribune reported.
It’s projected that 68 percent of middle –class blacks will not do as well as the previous generation...
The nation’s unemployment rate is 7.8 percent. For blacks, it’s 13.4 percent. The average black household's wealth fell by more than half from 2005-2009
From 2009 to 2012, median household income for blacks has declined by 11.1 percent, compared to the decline for whites of 5.2 percent and for Hispanics of 4.1 percent.
http://www.newsmax.com/Newsfront/tribune-black-gains-wiped/2012/10/08/id/459096
How will this effect the Black American vote?
It’s projected that 68 percent of middle –class blacks will not do as well as the previous generation...
The nation’s unemployment rate is 7.8 percent. For blacks, it’s 13.4 percent. The average black household's wealth fell by more than half from 2005-2009
From 2009 to 2012, median household income for blacks has declined by 11.1 percent, compared to the decline for whites of 5.2 percent and for Hispanics of 4.1 percent.
http://www.newsmax.com/Newsfront/tribune-black-gains-wiped/2012/10/08/id/459096
How will this effect the Black American vote?