With more unemployment, less savings to fall back on, many Black families were disproportionately hurt by COVID-19. Here's the wealth gap, explained. RELATED:
With less savings to fall back on during the COVID-19 pandemic, Black households went deeper into debt and were more likely to fall behind on their mortgages than their white peers, according to a new analysis given exclusively to USA TODAY.
The report by the Center For American Progress (CAP) offered a grim snapshot of the disproportionate financial toll the global health crisis took on Black Americans, who also died from the virus at a higher rate than white Americans and were more likely than their white peers to become unemployed or to work front-line jobs that put their health at risk.
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