In the News: Census Data Shows Wealth Gap Widens Between Whites and Minorities; Obama Losing Support and More

Census Data Shows Wealth Gap Widens Between Whites and Minorities

The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

The analysis shows the racial and ethnic impact of the economic meltdown, which ravaged housing values and sent unemployment soaring. It offers the most direct government evidence yet of the disparity between predominantly younger minorities whose main asset is their home and older whites who are more likely to have 401(k) retirement accounts or other stock holdings.

Read more at the Associated Press…

Obama Losing Support Over Jobs Record Among Liberal And Black Voters

Amidst new research showing historic disparity in wealth between whites and minorities, President Obama is facing plummeting approval over his jobs agenda among core supporters, including liberal Democrats and African Americans.

Read more at the Huffington Post…

McDonald’s to Make Happy Meals Healthier

Under pressure from health and children’s advocacy groups, McDonald’s Corp. is making changes to its famed Happy Meals.

The fast food chain will add a serving of fruit or vegetable to all of the meals, which are aimed at children, and shrink the portion of French fries.