RealtyTrac, July 24, 2014
Seventeen percent of US homes are seriously underwater, meaning that the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value.
Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics: Twenty-to-One
By Rakesh Kochhar, Richard Fry and Paul Taylor, Pew Research Center, Pew Social and Demographic Trends, July 26, 2011
The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, …
The Insight Center for Community Economic Development has a Closing the Racial Wealth Gap Initiative which, among other things, publishes Policy Papers about racial wealth inequality.
Lifting as we Climb: Women of Color, Wealth, and America’s Future
The Insight Center for Community Economic Development, Mariko Chang, March 2010
Single black and Hispanic women have a median wealth of $100 and $120 respectively; the median for single white women is $41,500.
By Caroline Ratcliffe, Signe-Mary McKernan, Brett Theodos, Emma Kalish, and additional authors, Urban Institute, July 29, 2014
Roughly 77 million Americans, or 35 percent of adults with a credit file, have a report of debt in collections.
The 77 million are also 25 percent of all Americans, including children.
In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates
JESSICA SILVER-GREENBERG and MICHAEL CORKERY, July 19, 2014, dealbook.nytimes.com
Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, …
… subprime auto loans can come with interest rates that can exceed 23 percent. The loans were typically at least twice the size of the value of the used cars purchased, …
Many subprime auto lenders are loosening credit standards and focusing on the riskiest borrowers, …
… the volume of total subprime auto loans increased roughly 15 percent, to $145.6 billion, in the first three months of this year from a year earlier, …
Suite for Two Violins and Piano, Op. 70, Lento Assai – Moritz Moszkowski
Danse Grotesque – Paul Juon
Chamber Music Center of New York, June 8, 2014