Bernanke: Minority homebuyers face discrimination

NEW YORK (CNNMoney) – The housing crisis hurt low-income communities and minorities more severely than other groups, Federal Reserve Chairman Ben Bernanke said Thursday. “Lower-income and minority communities are often disproportionately affected by problems in the national economy, and the effects of the housing bust have followed that unfortunate pattern,” Bernanke said in prepared remarks […]

Mississippi Has Highest Poverty and Lowest Income

By Tami Luhby @CNNMoneySeptember 20, 2012: 7:39 AM ET Click on the map to see poverty and income levels in your state. NEW YORK (CNNMoney) — Mississippi once again leads the nation in poverty and lags in median household income. According to U.S. Census Bureau figures released Thursday. Mississippi had a poverty rate of 22.6% […]