Economy
Unemployment and income have long differed by race. Coronavirus hasn’t helped.

Standard of Living
Standard of Living
Half or more of Black and Hispanic households reported having difficulty paying for expenses.
Standard of Living
As many as 18% of adults in Louisiana had missed last month’s rent or mortgage payment or were uncertain they could make the next one. The rate was lowest in Utah, at 4%.
Standard of Living
Sixteen percent of households relied on borrowing from friends and family to meet their needs, and 20% relied on stimulus payments. The government made 162 million impact payments in the first round of stimulus checks, with an average value of $1,676.
Standard of Living
Nearly half — 46% — of personal care workers lost their jobs, as did 24% of food preparation workers. An exception was employment in healthcare support, such as home health aides and medical assistants, which despite having a low median wage compared to other occupations, experienced job growth of 32% compared to the yearly growth rate of 5% for the past 15 years.
Standard of Living
That's $4,000 less than in 2000 when adjusted for inflation — with a greater proportion coming from retirement savings like pensions and 401(K)s.
Standard of Living
The rate fell from 27.4% in 2010 to 18.8% in 2019 for Black people and 26.5% to 15.7% for Hispanic people.
Standard of Living
However, because middle class wealth has grown slower than overall wealth, middle class families went from owning 12% of wealth in 1990 to 7% in 2020.
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