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'White families 20 times wealthier than black ones'

WEALTH: New study has found that white Americans are 20 times wealthier than black Americans

A NEW study has found that white Americans are 20 times wealthier than black ones.

The report, based on US Census data, found the average wealth of white US households in 2009 was $113,149 compared with $5,677 for black households.

The recession has been blamed for widening gap, as the net worth of black households declined by 53 percent since 2005.

The study by the Pew Research Center also stated that the wealth gap between races was the widest it has been since the government began publishing statistics by ethnicity in 1984.

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