When a country is in recession it is expected that the citizens of the country will suffer some losses of assets and overall wealth as they have to delve into their savings to prevent having to compromise on their lifestyle, what many people forget is that there is global discrimination against coloured communities. A recent study performed in the USA on the wealth gap between Whites, Hispanics and Blacks showed that the Hispanic and Black communities have taken more loss than the Whites during the recession.
The concern is that this discrimination and wealth gap is not going to improve with time, it is an inter-generational issue and it needs to be cared for. Young adults in Hispanic and Black communities are highly unlikely to receive large sums of money from their parents or guardians as a kick-start to their adulthood, and with the discriminatory policies, unemployment and lower wages that these communities face they have no real head start on improving their circumstances.
Regardless of your skin colour, when you work hard and want to achieve, there should be equal opportunities available to you. The article I read on The New York Times Business Day really makes one think, hopefully the discriminatory laws across the globe will change and lenders will begin to realize that skin colour should not determine the opportunity to excel.
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