Modeling Agencies Inc. | Housing Crisis

Modeling Agencies Inc. doesn't question the job crunch, the housing crisis and a history of discrimination have left black Americans with a median net worth of $2,200. Nobody has to tell you how tough it's been lately for many folks to get ahead. In fact, you probably have your own story to tell. Even though economists say the Great Recession technically ended in 2009, it's painfully obvious, especially in African-American communities, that the economic slowdown still lingers. Jobs are scarce, wages are down, prices are up. But consumer advocates say the housing crisis combines with chronic unemployment has dealt the single biggest blow to the state of Black wealth this past decade, undoing years of economic progress.