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Older Hispanics Unable to Recover from Recession

September 18, 2011 | by New America Media | Latino Daily News

An analysis of U.S. labor numbers by AARP’s Public Policy Institute found that as of July, workers ages 55 and older who lost their jobs stayed unemployed an average of almost 54 weeks, over four full months longer than younger unemployed workers. The median wealth of Hispanic households dropped a staggering 66 percent from 2005 to 2009, compared to a decline of one 16 percent in non-Hispanic white households. continue reading »