Weekly Report - 28 July 2011 (WR-11-30)

MEXICO | Immigration. New research from the Pew Center suggests that Hispanics, now the biggest ethnic minority in the US (accounting for 16% of the population), have been the worst affected by the US credit crisis and the subsequent recession. Pew calculates that the average Hispanic household has seen its net worth plunge from US$18,359 in 2005 to US$6,325 in 2009. Such a collapse is corroborating evidence, explaining the slowdown or reversal in emigration from Mexico. Pew reckons that Afro-American households on average saw a 53% drop in their net worth. White households saw their net worth drop by just 16%.

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