Recessions destroy black middle-class wealth at outsized rates.

Evidence

We’ve lost a third of the black middle class,” she said, citing a recent Urban League study. Nationwide, a report from Pew Research shows that the black-white racial wealth gap for middle-income families increased both during and after the crisis. — Dorothy A. Brown, The Whiteness of Wealth, 74

Categorization

• QUESTION: What proportion of white middle-class wealth was lost during the same crisis, for comparison? The contrast would sharpen the causal story.