Home > Uncategorized > US Black Middle Class Is Suffering – Business Insider

US Black Middle Class Is Suffering – Business Insider

In August, the National Urban League’s State of Black America 2012 report found that nearly all the economic gains that the black middle class made during the last 30 years have been wiped out by the economic downturn.

“This is a very dire situation,” said Valerie Rawlston Wilson, an economist with the National Urban League Policy Institute. “Even for blacks who have college degrees, we’ve seen a doubling of their unemployment (rate) between 2007 and 2010.”

Roxie King, 63, who lost her job as a cardio echo ultrasound technician in 2010, has been fighting to keep her Chicago home.

“You’re robbing Peter to pay Paul and you’re trying to keep the lights on and it’s a real struggle,” King said. “You go through whatever little nest egg you had, and all you have left is frustration.”

via US Black Middle Class Is Suffering – Business Insider.

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