This is hard to believe.....

The wealth gap between whites and minorities has become a grand canyon.

The median net worth of white households is 18 times that of Hispanic households and 20 times that of black households - the widest disparity between whites and minorities in a quarter-century, according a study released Tuesday.

The median wealth of a white U.S. household in 2009 - for which numbers recently became available - was $113,149, compared with $6,325 for Hispanics and $5,677 for blacks, according to the analysis by the Pew Research Center.

The gap is the widest its been since the census began tracking such data in 1984. The ratio then was roughly 12 to 1.

In 1995, the gap grew smaller, with a ratio of 7 to 1. That was during a period when the nation's economic expansion propelled many low-income groups into the middle class.

During that period of economic prosperity, the median white household had a net worth of $134,992 for white families. The number was $18,359 for Hispanic families and $12,124 for black families.

Then the Great Recession - which cratered home values and destroyed millions of jobs - widened the gap again.



Many white families garner their wealth from stocks and corporate savings. Minority families, on the other hand, are more invested in their homes, and purchased residences during the housing boom of the early to mid-2000s, especially in California, Florida, Nevada and Arizona.

"What's pushing the wealth of whites is the rebound in the stock market and corporate savings, while younger Hispanics and African-Americans who bought homes in the last decade - because that was the American dream - are seeing big declines," said Timothy Smeeding, a University of Wisconsin-Madison professor who studies income inequality.

Other findings:

*Asians lost their top ranking to whites. Median household income for Asians dropped from $168,103 in 2005 to $78,066 in 2009.

*Across all race and ethnic groups, the wealth gap between the rich and poor grew.

*About 35% of black households, 31% of Hispanic households and 15% of white households had zero or negative worth in 2009. In 2005, that number was 29% for blacks, 23% for Hispanics and 11% for whites.