According to the Pew Research center, how did the economic downturn affect different racial groups from...

According to the Pew Research center, how did the economic downturn affect different racial groups from 2005 to 2009 in the USA? Also, did the economic downturn affect the overall disparity between rich and poor?

Expert Solution

According to Pew Research centre, median household wealth among Hispanics fell from $18,359 in 2005 to $6,325 in 2009 due to the economic downturn. There occurred a 66% drop in wealth among Hispanics and is the largest among all racial and ethnic groups. Median household wealth of black households declined by 53%. Decline in household wealth of white households was 16%. In 2009, typical black household had just $5,677 in wealth; typical Hispanic household had just $6,325 and white household had $113,149. About 35% of black households and 31% of Hispanic households had zero or negative net worth in 2009 compared with 15% of white households. Median household wealth of Asian households dropped by 31% from 2005 to 2009 and the net worth fell by 54% during this period. Hence economic downturn severely affected different ethnic groups. Overall disparity between rich and poor increased during the economic downturn.

Rahul Sunny answered 2 years ago

According to the Pew Research Center, 20% of Americans have not read a book in the...

According to the Pew Research Center, 20% of Americans have not read a book in the past year. Let ˆp be the proportion of people that have not read a book in the past year in a random sample of 662 Americans. Determine the following probabilities. Round probability solutions to four decimal places and ˆp values to two decimal places, if necessary. Find the probability that in a random sample of 662 Americans, at most 113 people have not read...

According to a February 2020 Pew Research Center survey, The Virtues and Downsides of Online Dating,...

According to a February 2020 Pew Research Center survey, The Virtues and Downsides of Online Dating, 30% of U.S. adults say they have used a dating site or app. The percentage is reported as 28% for Hispanics, 31% for blacks and 29% for whites. Sample sizes were reported as 663 for Hispanics, 519 for blacks, and 3,321 for whites. At a 10% level of significance, does the survey indicate any significant difference in use of dating sites or apps among...

According to a Pew Research Center study, in May 2011, 43% of all American adults had...

According to a Pew Research Center study, in May 2011, 43% of all American adults had a smart phone (one which the user can use to read email and surf the Internet). A communications professor at a university believes this percentage is higher among community college students. She selects 355 community college students at random and finds that 162 of them have a smart phone. Then in testing the hypotheses: H 0 : p = 0.43 versus H a :...

According to a Pew Research Center study, in May 2011, 39% of all American adults had...

According to a Pew Research Center study, in May 2011, 39% of all American adults had a smartphone (one which the user can use to read email and surf the Internet). A communications professor at a university believes this percentage is higher among community college students. She selects 342 community college students at random and finds that 139 of them have a smartphone. Then in testing the hypotheses: H0 : p = 0.39 versus Ha : p > 0.39 What...

According to a recent Pew Research Center survey, 231 out of 371 Americans surveyed with just...

According to a recent Pew Research Center survey, 231 out of 371 Americans surveyed with just a high school diploma and 543 out of 634 Americans surveyed with a college degree have read at least one book in the last 12 months. Based on these sample results and a 0.01 level of significance, can one infer that the proportion of Americans who have read at least one book in the last 12 months is higher for those with a college...

According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and...

According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and April 24, 2011, 55% of college graduates said that college education prepared them for a job (Time, May 30, 2011). Suppose this result was true of all college graduates at that time. In a recent sample of 2000 college graduates, 59% said that college education prepared them for a job. Is there significant evidence at a 5% significance level to conclude that the current...

5. According to a Pew Research Center nationwide telephone survey of American adults conducted by phone...

5. According to a Pew Research Center nationwide telephone survey of American adults conducted by phone between March 15 and April 24, 2011, 75% of adults said that college education has become too expensive for most people and they cannot afford it (Time, May 30, 2011). Suppose that this result is true for the 2011 population of American adults. In a recent poll of 1600 American adults, 1160 said that college education has become too expensive for most people and...

According to a study done by Pew Research Center, 210 out of 500 adult Americans believe...

According to a study done by Pew Research Center, 210 out of 500 adult Americans believe that marriage is now obsolete. a. Find the mean and standard deviation of the sampling distribution of ?̂; the sample proportion of adult Americans who believe marriage is obsolete. b. In a random sample of 500 adult Americans, what is the probability that less than 35% believe marriage is obsolete? c. What is the probability that in a random sample of 500 adult Americans...

How and when will AI affect the relative earning power of different economic groups in society?...

How and when will AI affect the relative earning power of different economic groups in society? What forms of inequality could this create or exacerbate? This is AI and robots question, please explain me in details, need to understand this!

A PEW Research Center survey concentrated on the issue of weight loss. It investigates how many...

A PEW Research Center survey concentrated on the issue of weight loss. It investigates how many pounds heavier the respondents were than their perceived ideal weight. It investigated whether these perceptions differed among regions of the country and gender of the respondants. The following data (pounds) reflect the survey results. Region Gender West Midwest South Northeast Men 14 18 15 16 13 16 15 14 Women 16 20 17 17 13 18 17 13 Determine if...

Question