Black Americans have been hit hard by the economic effects of the pandemic – harder than other groups. That’s one of the takeaways of a new survey conducted by the Pew Research Center.
Only about a third of Black people interviewed for the survey said they thought they were in a good or excellent financial situation these days. That’s compared to 53% of the population as a whole.
Overall, Black people say they are saving less, spending less, and bringing in less money than before the pandemic.
But the economic hardship isn’t spread evenly. Black adults with college education are more likely to say they’re doing fine than those without a degree. And the younger they are, the more likely they are to say they’re struggling.
Across the board, the numbers for Black people stand in contrast with those of the general population. Black people are more likely to have had a job loss or a drop in income than the country as a whole.
You can see the full report here.
Independent journalism is essential to a healthy democracy. Make a donation today.
Thank you to the community institutions that support our work:
