Black families still not fully recovered from the Great Recession’s impact a decade later
By Vincent Adejumo, Lecturer of African American Studies, University of Florida The financial crisis of 2009, the worst since the Great Depression, was hard on all Americans. But arguably no group felt its sting more than African-Americans, who were already the most economically and financially vulnerable segment of the population going into it. Even today, a decade since the Great Recession hit, blacks still haven’t fully recovered and remain in a precarious financial condition. What’s worse, Wall Street and policymakers are beginning to worry another downturn may be on the horizon. I teach a class at the University of...
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