- Latino and Black Families Targeted and Disproportionately Impacted
The largest economic collapse since the Great Depression wipes away community wealth and leads to massive extraction of assets from poor people in communities like South LA. Hundreds of thousands of people nationwide lose their homes in foreclosures or the equity in their homes, but these are disproportionately Black, Brown, and poor people, many of whom had been targeted by banks and speculators with predatory loans. A slow recovery of private sector jobs fails to dent double-digit unemployment in communities like South LA and public sector employment levels are kept low, as a result of the Great Recession. Immigration from Mexico reaches a net of zero.