Friday, December 09, 2011

Black Atlantans Struggle To Stay In The Middle Class : NPR

Black Atlantans Struggle To Stay In The Middle Class : NPR: There's no question that the Great Recession has meant hard times all around, but from 2007 to 2009, it sent black America into an economic tailspin.

According to the Pew Research Center, the median net worth — that's assets minus debts — of black households decreased by more than 50 percent from 2005 to 2009.

NPR's Robert Siegel traveled to Atlanta — a city that's virtually synonymous with the black middle class — to find out what those numbers mean in the lives of real people. He started in Fairburn, Ga., a cul-de-sac and two-car garage suburb just south of the city.